Consumers are still struggling with credit card spending and debt, much of it brought on during the Great Recession.
San Mateo, Calif. (PRWEB) November 05, 2015
Freedom Financial Network (FFN), the largest negotiator of consumer debt in the nation, reports results for the third quarter of 2015 that include negotiation of $265.3 million of debt for clients.
During the quarter, FFN negotiated settlements on 50,931 individual creditor accounts. The company helped 32,779 clients, up 3 percent over the second quarter of the year. The third-quarter results equate to negotiating nearly $2.9 million of debt each day throughout the quarter, or $120,170 each hour.
“With U.S. consumer debt continuing to rise, it is clear that consumers are still struggling with credit card spending and debt, much of it brought on during the Great Recession,” says Andrew Housser, FFN co-founder and CEO. “Freedom Financial Network is continuing to lead the industry and provide the services these consumers need, effectively helping them get out of debt.”
FFN is a consumer credit advocate that negotiates directly with creditors on consumers’ behalf to resolve debt balances. Offering an alternative to credit counseling, debt consolidation and bankruptcy, the company’s debt relief program helps clients resolve their unsecured debt, often in 24 to 48 months.
Freedom Financial Network (http://www.freedomfinancialnetwork.com)
Freedom Financial Network, LLC (FFN), provides comprehensive consumer credit advocacy services. Through the FFN family of companies – Freedom Debt Relief, Freedom Tax Relief, ConsolidationPlus, FreedomPlus and Bills.com – FFN works as an independent advocate to provide comprehensive financial solutions, including debt consolidation, debt resolution, debt settlement and tax resolution services for consumers struggling with debt. The company, which has resolved more than $4 billion in debt and assisted more than 300,000 clients since 2002, is an accredited member of the American Fair Credit Council, and a platinum member of the International Association of Professional Debt Arbitrators.
Based in San Mateo, California, FFN also operates an office in Tempe, Arizona. The company, with more than 900 employees, was voted one of the best places to work in the San Francisco Bay area in 2008, 2009, 2012, 2013 and 2014, in the Phoenix area in 2008, 2009, 2010, 2012, 2013 and 2014. FFN’s founders are recipients of the Northern California Ernst & Young Entrepreneur of the Year Award.