Freedom Debt Relief Hits Record $10 Billion in Debt Negotiated for Consumers
February 26, 2019
Financial services company brings on new execs, opens second building at Tempe campus
SAN MATEO, Calif., Feb. 26, 2019 /PRNewswire/ — A member of the Freedom Financial Network (FFN), Freedom Debt Relief (FDR) has enrolled more than 600,000 clients in its program and became the first business in the debt negotiation industry to negotiate more than $10 billion in total consumer debt.
Founded in 2002, Freedom Debt Relief reached the $10 billion milestone just over a year after reaching the $8 billionmilestone. “Our tremendous success speaks to the culture our team has built: focus on doing what’s right for our clients and help them move forward to achieve their financial goals,” says Andrew Housser, FDR co-founder and co-CEO. “Not everyone can just tighten the budget to pay off their debt,” says Housser. “People who are struggling with debt need to know that there are alternatives, and that Freedom Debt Relief provides support and partnership for a better financial future.”
Freedom Debt Relief negotiates directly with creditors on consumers’ behalf to resolve debt balances, enabling people who are unable to repay all their debt to pay back an amount they can afford. The FDR program offers an alternative to credit counseling, debt consolidation and bankruptcy.
New executives manage continued growth
Three newly appointed senior executives will help manage the company’s continued growth.
Ravi Keswani is the company’s new president of products and Technology. Most recently the chief technology officer of Ten-X.com (Belmont, California), Keswani brings 18 years of executive leadership experience in software engineering, product strategy, product management and infrastructure operations to Freedom Financial Network (FFN). Keswani earned a Bachelor of Engineering degree from Delhi University (India), a Master of Science degree from Rensselaer Polytechnic Institute (Troy, New York), and holds six patents.
Michael Freedman has been promoted to general counsel for FFN. Previously the deputy general counsel at the company, Freedman has nearly 25 years of experience in law. Prior to FFN, he was general counsel at BorrowersFirst, Inc. (Austin, Texas), and a partner at Orrick, Herrington & Sutcliffe LLP (Washington, D.C.). He earned a Bachelor of Arts degree from Duke University (Durham, North Carolina) and the Juris Doctor degree from American University’s WashingtonCollege of Law (Washington, D.C.).
Arindam Bose is the new chief operating officer for Freedom Financial Asset Management, the consumer lending arm of FFN. Bose has deep expertise in consumer lending, having spent more than 10 years at Capital One (Dallas-Fort Worth) in various leadership roles and, more recently, serving as president of Nationwide Credit, Inc. (Phoenix). He specializes in understanding consumer behavior through data and analytics, and drives business and operational strategies to leverage those insights. He holds a Bachelor of Science degree from Osmania University (India), Master of Science degree from the Georgia Institute of Technology and a Master of Business Administration degree from the Indian Institute of Management.
Second building on Tempe campus opens
To accommodate the company’s continued growth at its location in Tempe, Arizona, FFN has opened the second building in its 300,000-square-foot office campus at 2100 South Freedom Way – two months ahead of schedule. FFN opened its original Tempe office in April 2006 with six employees. Today, it employs more than 2,000 and plans to hire 1,000 additional employees this year.
The state-of-the-art Rio 2 building includes a coffee bar, 24-hour Micro Market, and the 18,000-square-foot Rio Café, which features an extensive menu with healthy-choice options, executive and sous chefs, a catering manager and seating for nearly 400. An outdoor backyard venue seats 120. The Rio 2 parking facility offers chargers to employees so they can charge their electric and hybrid vehicles while at work.
“We’re thrilled to be able to provide a work environment that serves our employees in so many important ways,” says Linda Luman, senior vice president at FFN. “It’s important for us to continue investing in attracting, retaining, and developing our employees. The expansion of this campus and its amenities helps us remain one of the Phoenix area’s best places to work.”