Freedom Financial Network Reaches $5 Billion Milestone in Consumer Debt Relief
SAN MATEO, CALIF. (PRWEB) OCTOBER 25, 2016
Freedom Financial Network (FFN), the largest negotiator of consumer debt in the nation, has reached the $5 billion mark in total consumer debt resolved.
FFN provides consumer credit advocacy services, including debt negotiation (settlement), for consumers struggling with debt. The company’s Freedom Debt Relief arm negotiates directly with creditors on consumers’ behalf to resolve debt balances.
Offering an alternative to credit counseling, debt consolidation and bankruptcy, Freedom Debt Relief’s program of debt negotiation helps clients resolve their unsecured debt, often in 24 to 48 months. Debt negotiation works to lower principal balances individuals owe. Final agreements can obtain savings of up to 50 percent of a consumer’s total debt (before fees).
Debt negotiation can be a viable solution for individuals who have serious unsecured debt and cannot make required minimum payments, explains Andrew Housser, FFN’s co-founder and CEO. “Freedom Financial Network has proven that there is a professional, credible way to help people get out of debt. We are proud to have served more than 300,000 clients since the company’s inception.”
The company’s success has attracted attention throughout the financial sector. Barbara Corcoran, real estate mogul and star of TV’s “Shark Tank,” has endorsed FFN. “It’s exciting to see a company empowering people to meet their financial goals and making a meaningful difference in their lives,” she says.
FFN, founded in 2002, reached the $5 billion mark in negotiated debt just a year after reaching the $4 billion mark. The company is the first in its industry to resolve $5 billion in consumer debt. Housser points out that FFN has achieved its success while adhering to Federal Trade Commission rules regulating the debt relief industry that took effect in 2010. The regulations aim to help consumers make sure they are working with a legitimate, reliable debt-relief company, and included a mandate that no debt relief company charge any fees whatsoever until and unless it resolves debts for its clients.
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, ConsolidationPlus, FreedomPlus and Bills.com – FFN works as an independent advocate to provide comprehensive financial solutions, including debt consolidation and debt negotiation (settlement) services for consumers struggling with debt. The company, which has resolved more than $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 1,200 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, 2013, 2014 and 2015. FFN’s founders are recipients of the Northern California Ernst & Young Entrepreneur of the Year Award.
Aimee Bennett, Fagan Business Communications, 303-843-9840, firstname.lastname@example.org
Kevin Gallegos, Freedom Financial Network, 602-427-9401, email@example.com