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Freedom Financial Network Posts Results for Second Quarter of 2015

By on July 22, 2015

Freedom Financial Network (FFN), the largest negotiator of consumer debt in the nation, reports results for the first quarter of 2015 that include negotiation of $279.8 million of debt for clients.

The results represent an increase of 10.2 percent over the first quarter. During the second quarter, FFN negotiated settlements on 51,639 individual creditor accounts, up 6.6 percent over the previous quarter. In the process, the company helped 31,759 clients, nearly 3.5 percent more than in the first quarter of the year. The results equate to negotiating just over $3 million of debt each day throughout the quarter, or $128,114 each hour.

“These exceptionally strong second-quarter results speak directly to the industry leader position of Freedom Financial Network,” says Andrew Housser, co-founder and CEO. “As U.S. consumers up their use of credit – evidenced by this spring’s reports showing the largest increase in credit card usage since July 2011 – it’s clear that the company’s services to help clients get out of debt remain in demand.”

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