Aimee Bennett, Fagan Business Communications, 303-843-9840, email@example.com
Kevin Gallegos, Freedom Financial Network, 602-427-9401, firstname.lastname@example.org
Freedom Financial Network Announces Record Results for First Quarter of 2016
— Industry leader negotiates debt at rate of nearly $155,000 per hour —
SAN MATEO, Calif., April 14, 2016 — Freedom Financial Network (FFN), the largest negotiator of consumer debt in the nation, reports results for the first quarter of 2016 that include negotiation of $338 million of debt for clients – an increase of 16.7 percent over the previous quarter.
During the first quarter of the year, FFN negotiated settlements on 65,537 individual creditor accounts, a 17.9 percent increase over the fourth quarter of 2015. In the process, the company helped 40,127 clients, up 14.1 percent over the prior quarter. The results equate to negotiating more than $3.7 million of debt each day throughout the quarter, or a record $154,762 each hour.
The first-quarter figures come on the heels of a record 2015, when the company exceeded $1 billion in amount of debt negotiated for clients in a calendar year.
“While consumer revolving debt – the category that includes credit card debt – decreased the first part of this year, it is clear that consumers are still struggling with paying down credit card and other debt,” says Andrew Housser, FFN co-founder and CEO. “At Freedom Financial Network, we are able to continue providing the help these consumers need to get out of debt – and then stay out of debt.”
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 (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, debt resolution and debt settlement services for consumers struggling with debt. The company, which has resolved more than $4 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 1,100 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.