Freedom Financial Network Negotiates Resolutions on $102.3 Million in Debt

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Credit advocate settles $47,000 in debt every hour.

Freedom Financial Network debt relief

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FFN is providing solid, needed help for people in serious debt hardship, while maintaining its position as the industry leader.

Freedom Financial Network (FFN) has announced results for the first quarter of the year, including resolutions on $102.3 million of debt for clients.

The largest negotiator of consumer debt in the nation achieved settlements on 18,413 individual creditor accounts for more than 14,000 clients, said Andrew Housser, co-founder and co-CEO of FDR. “That equates to settling more than a $1.1 million of debt each day, or nearly $47,000 each hour,” he added. First-quarter results show a 4 percent increase over the previous quarter in number of creditor accounts resolved.

“FFN is providing solid, needed help for people in serious debt hardship, while maintaining its position as the industry leader,” said Housser. “These results continue to provide clear indication of our company professionals’ abilities, skill and commitment to clients.”

In FFN’s Freedom Debt Relief program, consumers pay no up-front fees, and pay only those fees associated with an individual debt when FFN has resolved that debt. This practice is in accordance with the advance fee ban that the Federal Trade Commission (FTC) has mandated on the debt relief industry. Some companies in the industry may claim compliance with the FTC rules, but yet seek out loopholes to charge fees before they actually settle consumer debts, he explained. “FFN, however, does not charge any up-front fees under any loopholes in the FTC regulations.”

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 who qualify for, and commit to, the program resolve their unsecured debt, often in 24 to 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.

Freedom Financial Network (http://www.freedomfinancialnetwork.com)
Freedom Financial Network, LLC (FFN), provides comprehensive consumer credit advocacy services. Through its Freedom Debt Relief, Freedom Tax Relief and ConsolidationPlus products, FFN works as an independent advocate to provide comprehensive financial solutions, including debt settlement, debt resolution and tax resolution services for consumers struggling with debt. The company, which has resolved more than $1.5 billion in debt for more than 120,000 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. The company holds the Goldline Research Preferred Provider certification for excellence among debt relief companies.

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, 2009 and 2012, 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.

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Aimee Bennett
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