Freedom Financial Network Posts Record Fourth-Quarter, Year-End Results

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Company negotiates $867 million of debt in 2014, increases debt resolutions 32 percent over prior year

The commitment Freedom Financial Network has to its clients is providing bottom-line results.

Freedom Financial Network (FFN), the nation’s largest negotiator of consumer debt, reported year-end results that include an increase of 32 percent in the amount of debt FFN negotiated for its clients over the prior year.

Resolving a total of $867 million of debt during 2014, FFN negotiated resolutions on 156,711 individual creditor accounts – up more than 40 percent over 2013. The company negotiated resolutions on behalf of 64,400 clients, an increase of 26 percent over the prior year. FFN’s 2014 results equate to negotiating $2.375 million of debt each day throughout the year, or almost $99,000 per hour.

The year’s results include fourth-quarter (October through December) negotiation of $238.3 million of debt across 45,442 individual creditor accounts. Those figures represent increases of 6.6 percent and 14.7 percent respectively over the previous quarter. FFN negotiated settlements for 30,479 clients in the fourth quarter.

“These results again confirm Freedom Financial Network’s leadership in the debt negotiation industry, and the company’s abilities in helping clients get out of debt,” says Andrew Housser, co-founder and CEO. “The commitment Freedom Financial Network has to its clients is providing bottom-line results for them, and for the company.”

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 750 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.

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Aimee Bennett
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