“The large amount of debt these households are carrying is a caution,” says Housser. “Owing that amount, with average interest rates on credit cards more than 16.7 percent, is unsustainable, especially when median household income is just $57,617.” Most people don’t realize they’re over their heads until it is too late, Housser says. Trouble signs…
HONG KONG (Reuters) – Chinas growth will be driven by education, autos, healthcare and e-commerce over the next two years, as Beijings push to transform its economy into a consumption-driven one pays off, a fund manager said, adding equities were a top pick for 2018. Thomas Kwan, chief investment officer of Harvest Global Investments, poses…
WASHINGTON (Reuters) – The U.S. Consumer Financial Protection Bureau said on Wednesday it filed a lawsuit against Freedom Debt Relief, the largest U.S. debt-settlement services provider, and its co-Chief Executive Andrew Housser, alleging that they deceived consumers. The CFPB said its suit alleges that Freedom charges consumers without settling their debts as promised, makes customers…
Californians have a serious problem with debt- Freedom Debt Relief has found that, according to data from the Bureau of Labor Statistics and the Bureau of Economic Analysis, residents of California have about 2.35 times more debt than they do income. The average per-resident debt of a California resident is about $65,740, and the average…
Freedom Debt Relief, the nations largest debt settlement services provider, built its business on lying to its customers about the companys ability to negotiate debt settlements, the Consumer Financial Protection Bureau claims. The CFPB announced Wednesday that it is suing Freedom Debt Relief and its co-CEO, Andrew Housser, for violating the Dodd-Frank Wall Street Reform…
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…
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…
Program buys and forgives $1 million in debt for $10,000 Debt forgiven for 500 families Nurses are involved in contract negotiations Michigan nurses announced today they have worked with a nonprofit charity to pay down the medical debt for 500 families, raising $10,000 to clear away more than $1 million in debt in the first…
SAN MATEO, Calif., Nov. 9, 2017 /PRNewswire/ — In response to a formal complaint filed against Freedom Debt Relief by the Consumer Financial Protection Bureau on November 8, the company today issued the following statement to its family of clients, employees, and communities it serves: Freedom Family Yesterday the Consumer Financial Protection Bureau (CFPB) filed a…
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