U.S. consumers have upped their use of credit – evidenced by this spring’s reports showing the largest increase in credit card usage since July 2011
San Mateo, Calif. (PRWEB) July 22, 2015
Freedom Financial Network (FFN), the largest negotiator of consumer debt in the nation, reports results for the first quarter of 2015 that include negotiation of $279.8 million of debt for clients.
The results represent an increase of 10.2 percent over the first quarter. During the second quarter, FFN negotiated settlements on 51,639 individual creditor accounts, up 6.6 percent over the previous quarter. In the process, the company helped 31,759 clients, nearly 3.5 percent more than in the first quarter of the year. The results equate to negotiating just over $3 million of debt each day throughout the quarter, or $128,114 each hour.
“These exceptionally strong second-quarter results speak directly to the industry leader position of Freedom Financial Network,” says Andrew Housser, co-founder and CEO. “As U.S. consumers up their use of credit – evidenced by this spring’s reports showing the largest increase in credit card usage since July 2011 – it’s clear that the company’s services to help clients get out of debt remain in demand.”
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 $3.5 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 800 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.