Solutions
Company
800-330-3446
Who we help
We’re here for the millions of people who are struggling and striving to overcome debt and improve their finances. Now, more than ever, Americans need relief from financial distress.
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Alejandra G., Downey, CA
We’re here for the millions of people who are struggling and striving to overcome debt and improve their finances. Now, more than ever, Americans need relief from financial distress.
Alejandra G., Downey, CA
Consumer financial stress is at
an all-time high
Household debt is now over $14 Trillion-almost $1.6 Trillion higher than the record set in the 2008 financial crisis. Credit card debt is over $800 Billion. With the economic fallout of a global pandemic, Americans are grappling with record unemployment and financial uncertainty.
Debt creates
risk and stress
Millions of Americans struggle with debt due to
hardships beyond their control, living in fear of the
next unexpected expense that could push them
into a financial freefall.
67%
167 million people
are financially vulnerable or coping (1)
40%
101 million people
can’t cover a
$400 expense (2)
33%
84 million people
have suffered a financial hardship (3)
18%
45 million people
have over $10K in
credit card debt (4)
Unexpected hardships
Our debt relief consumers typically have suffered a severe financial hardship – divorce, medical expenses, reduced income, or job loss.
Help for financially struggling consumers
The people who come to us for help are in more financial distress than the average consumer.
$27K
Average unsecured
debt
595
Average FICO
100%
Have suffered a
financial hardship
8
Average enrolled
accounts
69%
Average credit card
utilization
61%
Have had a delinquency in
the past 6 months
Debt is taking a toll on people’s wellbeing
How does debt impact your life?
48%
Unable to save
46%
Feel very stressed
41%
Delay life goals
REAL PEOPLE, REAL RESULTS
“Being in debt is scary. But from the moment we talked to Freedom, the fear went away...They treat you like family, and they do everything they say they’re going to do.”
Peggy and Howard
Peggy and Howard Powell both enrolled in the Freedom Financial Network program at different times. Howard completed his program several years ago, while Peggy chose to enroll in 2019–mainly because she saw first–hand how much it helped Howard.
