United States Organizations for Bankruptcy Alternatives Elects San Mateo Exec to Board
-- Freedom Financial Network Co-CEO Works to Educate Public on Debt Resolution Alternative --

SAN MATEO, Calif., June 2005 – The United States Organizations for Bankruptcy Alternatives (USOBA) has elected Andrew Housser, co-CEO of Freedom Financial Network in San Mateo, to its board of directors.

USOBA is an independent trade organization that works to protect consumers through bankruptcy alterative educa­tion. Headquartered in Washington, D.C., it is the only debt negotiation trade organization that does not commingle its message with other financial services.

As a founder and executive of San Mateo-based Freedom Financial Network, Housser leads a USOBA member firm whose services offer a solid, ethical alternative to bankruptcy. Working directly for the consumer , the company nego­tiates directly with creditors, and offers an alternative to bank­ruptcy, credit counseling, and debt consolidation.

Housser's term, effective immediately, will include service on the USOBA's creditor relations committee. His elec­tion took place at the organization's recent spring conference in New Orleans.

Housser's election “demonstrates Freedom Financial's commitment to its clients and to the industry,” says Brad Stroh, co-CEO of the firm.  "As a board member, Andrew will work to improve the public's understanding of the benefits of debt negotiation as an alternative to bankruptcy.”  In addition, Stroh expects Housser will be instrumental in devel­oping the ethical standards by which USOBA members must operate.

USOBA (www.usoba.org) is an independent trade organization that works to protect consumers through bankruptcy alterative education, and supports legislation that fairly regulates the debt negotiation industry. Headquartered in Washington, D.C., it is the only debt negotiation trade organization that does not commingle its message with other financial services. With record levels of consumers filing for bankruptcy, the credit counseling industry un­der fire from the Internal Revenue Service, Federal Trade Commission, U.S. Congress, consumer advocates, and state legis­latures, USOBA members are the last line of help before going bankrupt.

Freedom Financial Network, LLC (www.freedomfinancialnetwork.com) provides consumer debt resolu­tion services through its Freedom Debt Relief, Freedom Foreclosure Relief and Freedom Tax Relief divisions. Working directly for the consumer , the company negotiates directly with creditors, and offers an alternative to bank­ruptcy, credit coun­seling, and debt consolidation. B ased in San Mateo, Calif., Freedom Financial Network serves more than 3,000 clients nationwide and man­ages more than $100 million in consumer debt.

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