The results we are able to attain as an advocate for our clients who are working their way out of debt troubles are positive proof of FDR’s ability to assist consumers who are in serious debt.
San Mateo, CA (Vocus/PRWEB) March 22, 2011
Freedom Debt Relief (FDR) resolved nearly $30 million in consumer debt during the month of February, saving clients more than $15 million.
“To date, FDR has resolved more debt than any other company in the country, and is still on track to maintain that position,” said Andrew Housser, the company’s co-founder and CEO. “The results we are able to attain as an advocate for our clients who are working their way out of debt troubles are positive proof of FDR’s ability to assist consumers who are in serious debt.”
FDR achieved the results by negotiating resolutions on 5,346 individual creditor accounts whose total enrolled debt (total debt at time of entry into the FDR program) was nearly $30 million. With an average savings rate of 49.9 percent on enrolled debt, FDR clients paid an average of just 50.1 percent of their total debt amount they owed.
For example, an individual who enrolled $10,000 of credit card debt in FDR’s debt resolution program paid, on average, just $5,010 of that debt with FDR professionals’ ability to successfully resolve debt.
FDR 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, FDR’s debt resolution programs help qualified clients fully resolve their debts, generally in 24-48 months. According to Housser, debt resolution is best suited for individuals who are carrying serious debt, who are struggling to make required minimum payments, and who would otherwise often be considering bankruptcy or credit counseling.
Working with nearly 100,000 clients since 2002, FDR reached the $1 billion mark in face value of debt resolved last December by negotiating settlements on 188,000 individual creditor accounts. “The results indicate that our debt counselors’ efforts to help consumers find the best program for their individual situations are working exceptionally well,” said Housser. FDR is currently resolving tens of millions of dollars in debt each month, and expects to resolve an additional $500 million in debt for its clients in 2011.
Freedom Debt Relief (http://www.freedomdebtrelief.com)
Freedom Debt Relief provides consumer debt resolution services. Working as an independent advocate for consumers to negotiate with creditors and lower principal balances due, the company has resolved more than $1 billion in debt for nearly 100,000 clients since 2002. The company is a charter member of The Association of Settlement Companies and a platinum member of the International Association of Professional Debt Arbitrators. FDR holds the Goldline Research Preferred Provider certification for excellence among debt settlement companies.
Freedom Debt Relief is a wholly owned subsidiary of Freedom Financial Network, LLC (FFN). Based in San Mateo, Calif., FFN also operates an office in Tempe, Ariz. The company, with more than 500 employees, was voted one of the best places to work in the San Francisco Bay area in 2008 and 2009, and in the Phoenix area in 2008, 2009 and 2010. FFN’s founders received the Northern California Ernst & Young Entrepreneur of the Year Award in 2008.