Freedom Financial Network Negotiates Resolutions on $223.5 Million of Debt in Third Quarter

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Debt relief company helps 26,000 Americans get out of debt, looks to hire 110

As we caution consumers to remember the lessons of the past economic downturn, Freedom Financial Network continues to serve as the leading source to help tens of thousands get out of debt.

Freedom Financial Network (FFN), the largest negotiator of consumer debt in the nation, reports results for the third quarter of the year that include resolution of $223.5 million of debt for clients.

The results represent an increase of more than 10 percent over the second quarter of the year. During the third quarter of 2014, FFN negotiated resolutions on 39,603 individual creditor accounts, up nearly 10 percent over the previous quarter. In the process, the company helped 26,095 clients, up 7.3 percent over the second quarter. The debt negotiation results equate to negotiating $2.43 million of debt each day throughout the quarter, or $101,222 each hour.

While the economy has continued to improve, consumers added debt faster than their income increased last quarter, says Andrew Housser, co-founder and CEO of FFN, citing figures from the Federal Reserve and National Retail Federation. “As we caution consumers to remember the lessons of the past economic downturn, Freedom Financial Network continues to serve as the leading source to help tens of thousands get out of debt.”

To support its increasing business, FFN continues to add staff. Now employing more than 700, the company has nearly 110 open sales, negotiation, customer service, loan officer, underwriting, analytics and software engineering positions in its Tempe (Ariz.) and San Mateo (Calif.) offices.

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 negotiation (settlement) and tax resolution services for consumers struggling with debt. The company, which has resolved more than $3 billion in debt and assisted more than 265,000 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, Calif., FFN also operates an office in Tempe, Ariz. The company, with more than 700 employees, was voted one of the best places to work in the San Francisco Bay area in 2008, 2009, 2012, 2013 and 2014, and in the Phoenix area in 2008, 2009, 2010, 2012 and 2013. FFN’s founders are recipients of the Northern California Ernst & Young Entrepreneur of the Year Award.

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Aimee Bennett
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