Freedom Financial Network Negotiates Resolutions on $202.8 Million of Debt in Second Quarter

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Freedom Financial Network, LLC

Jul 14, 2014, 03:00 ET


San Mateo, CA (PRWEB) July 14, 2014 -- Freedom Financial Network (FFN), the largest negotiator of consumer debt in the nation, reports results for the first quarter of the year that include resolution of $202.8 million of debt for clients.

The results represent a nearly 9 percent increase over the first quarter of the year, and bring the total debt resolved by the company since 2002 to more than $2.9 billion. During this second quarter of 2014, FFN negotiated resolutions on 36,113 individual creditor accounts in the quarter, up 7 percent over the previous quarter. In the process, the company helped 24,332 clients, up 3.7 percent over the last quarter. The debt resolution results equate to negotiating $2.23 million of debt each day throughout the quarter, or close to $93,000 each hour.

While several quarters of growth have stabilized economic conditions, consumers continue to add debt faster than income is increasing, says Andrew Housser, co-founder and CEO of FFN, citing figures from the Federal Reserve and National Retail Federation. “Clearly, the need to help consumers get out of debt remains, and Freedom Financial Network continues to serve as the leading resource for them.”

At the same time, FFN continues to grow. With 650 employees, the company has nearly 100 open sales, negotiation, customer service, loan officer, underwriting, analytics and software engineering positions in its Tempe (Ariz.) and San Mateo (Calif.) offices. “Freedom Financial Network’s growth gives it the opportunity to make a difference in the lives of its clients, its employees and the community.”

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 $2.7 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 650 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.

Aimee Bennett, Freedom Financial Network, LLC, http://www.freedomfinancialnetwork.com, +1 303-843-9840, [email protected]