READ AND UNDERSTAND ALL PROGRAM MATERIALS PRIOR TO ENROLLMENT. PLEASE CONTACT A TAX PROFESSIONAL TO DISCUSS POTENTIAL TAX CONSEQUENCES OF LESS THAN FULL BALANCE DEBT RESOLUTION. OUR SERVICE IS NOT AVAILABLE IN ALL STATES AND OUR FEES MAY VARY FROM STATE TO STATE. WE DO NOT ASSUME YOUR DEBTS, MAKE MONTHLY PAYMENTS TO CREDITORS OR PROVIDE TAX, BANKRUPTCY, ACCOUNTING OR LEGAL ADVICE OR CREDIT REPAIR SERVICES. WE DO NOT GUARANTEE THAT YOUR DEBTS WILL BE RESOLVED FOR A SPECIFIC AMOUNT OR PERCENTAGE OR WITHIN A SPECIFIC PERIOD OF TIME. NOT ALL CLIENTS ARE ABLE TO COMPLETE THEIR PROGRAM FOR VARIOUS REASONS, INCLUDING THEIR ABILITY TO SAVE SUFFICIENT FUNDS. * OUR ESTIMATES ARE BASED ON PRIOR RESULTS, WHICH WILL VARY DEPENDING ON YOUR SPECIFIC ENROLLED CREDITORS AND YOUR INDIVIDUAL PROGRAM TERMS. FEES UP TO 27% OF THE DEBT ENROLLED INTO CLIENTS MONTHLY PROGRAM WILL BE COLLECTED AFTER DEBT IS SETTLED AND/OR WORK IS COMPLETE. We help consumers get out of debt for the least possible personal cost, educate the consumer and recommend the best solution.*ALL FEES CHARGED TO CLIENTS ARE COLLECTED ON CONTINGENCY. We help people improve their financial well being through 3 main divisions:, Freedom Debt Relief & Freedom Tax Relief. Company co-founders and co-CEOs Andrew Housser and Brad Stroh were named to the Silicon Valley/San Jose Business Journal's "40 Under 40" list in 2008, and are recipients of the Northern California Ernst & Young 2008 Entrepreneur of the Year Award. The company, with 580 employees, was voted one of the best places to work in both the San Francisco Bay Area and the Phoenix area in both 20. Freedom Debt Relief is a wholly owned subsidiary of Freedom Financial Network, LLC (FFN).īased in San Mateo, Calif., FFN also operates offices in Sacramento and Tempe, Ariz. Working for the consumer to negotiate with creditors and lower principal balances due, the company has served more than 70,000 clients since 2002. As an alternative to credit counseling, debt consolidation and bankruptcy, FDR’s debt settlement programs help qualified clients resolve their debts, typically in two to four years.Ībout Freedom Debt Relief (Freedom Debt Relief provides consumer debt settlement services. Since its 2002 founding, FDR has settled more than $500 million in consumer debt, achieving an average savings rate of nearly 60 percent on total client debt balances. The settlement acknowledges that FDR cooperated fully with both the district attorney and the Department of Corporations in their investigation and with the resolution of the case. The consent judgment was entered in San Mateo County Superior Court and settles a complaint originally filed in May 2008 by the Department of Corporations. We look forward to working with the DOC to pass legislation in California ensuring a strong regulatory framework for all participants” “We have been working to define the debt settlement model in California, and believe that this decision gives guidance where none existed,” stated Robert Linderman, FDR’s General Counsel “We are very pleased that the Department of Corporations and the San Mateo District Attorney’s Office committed the resources to better understand our industry. Housser went on to say, “FDR is very proud to have been able to work constructively with the Department of Corporations and the District Attorney to arrive at an outcome that provides a consumer-focused framework for debt settlement services offered to California residents.” “We look forward to continuing to help more people in need throughout California and the nation.” Mr. “We recognize this as validation that our debt settlement business model works in the consumer’s best interest,” said Andrew Housser, co-CEO of FDR. With resolution of the case, FDR will continue to provide debt settlement services for California consumers with serious levels of consumer debt. The case was settled with no findings of wrongdoing by FDR and without any admission of liability. The recently released consent judgment acknowledges that the FDR business model is compliant with California law and that FDR is not a “prorater” under California law. The case contained allegations that FDR believed were without merit relating to FDR’s business practices, most significantly that it was operating as a prorater. 6, 2010 - Freedom Debt Relief, LLC (FDR) has resolved a civil case brought by the San Mateo, Calif., District Attorney’s Office and the California Department of Corporations. 6, 2010 - PRLog - SAN MATEO, CALIF., Jan.
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