SAN MATEO, Calif., Nov. 10, 2017 /PRNewswire/ — Freedom Debt Relief (FDR) has become the first in its industry to surpass the $7 billion mark in total consumer debt resolved, helping more consumers than ever recover from serious financial hardship.
Freedom Debt Relief, founded in 2002, is the largest and most experienced debt relief companies in the United States. FDR has helped well over 450,000 people get out of debt.
FDR advisers help people who are unable to repay all of their debt work with their creditors to repay an amount they can afford. Despite servicing a consumer with a high degree of financial stress, FDR consistently receives high marks from clients for its customer service and trustworthiness. The company is a founding member of the American Fair Credit Council and holds an A+ rating with the Better Business Bureau. Independent reviewers have rated FDR’s customer service as the best in the industry.
“Freedom Debt Relief has a proven reputation for getting results when helping people get out of debt, professionally and credibly,” explains Andrew Housser, the company’s co-founder and co-CEO. “Our business is built on assisting those in financial need, and we take that commitment – to our clients and our community – very seriously. We are proud of milestones such as this one, as it means we are helping that many individuals out of a stressful situation, and getting them back on a positive financial track.”
One FDR client in New York experienced that help firsthand after being struck by Superstorm Sandy. Years later, he and his family are still dealing with recovery, including significant house repairs.
“You hope disasters like this won’t happen again. But what we’ve just seen with all the hurricanes in the South tells a different story,” he says. “You’ve saved, you’ve provided years of service working hard for your company. Then you’re suddenly standing there in the water with your family and trying to figure out your life. In times like those, Freedom Debt Relief is a necessity. It has allowed our family to move forward.”
To assist more people who experience financial disasters, in September, Freedom Debt Relief established the charitable Freedom Foundation with a $1 million contribution. Since the foundation’s establishment, donations of more than $100,000 have been directed to relief efforts for recent natural disasters across the United States. The Freedom Foundation will continue to identify and support nonprofit organizations that help people recover from setbacks in the communities where the company operates.
Freedom Debt Relief hit this most recent milestone four months after the company reached the $6 billion mark, and less than a year after reaching the $5 billion mark. Indicative of the company’s accelerating growth, FDR ended 2016 having negotiated more than $1.5 billion in debt for clients during the calendar year, an increase of more than 40 percent over the previous year.