Co-CEO Andrew Housser Announces, Freedom Consumer Credit Fund Ends 2016 with Annualized Returns North of 17 Percent

Strong performance marks first six months of operation


SAN MATEO, Calif., Feb. 1, 2017 – The Freedom Consumer Credit Fund, LLC (FCCF), ended 2016 with over 9 percent return, and projected net annual return of over 17 percent.[1] The portfolio produced lower levels of charge-offs relative to forecasts, and significantly lower levels of charge-offs relative to the industry.

Launched in June 2016 with founding limited partners Freedom Financial Network and Stone Point Capital, FCCF funds the Freedom Financial Asset Management subsidiary of Freedom Financial Network. Freedom Financial Asset Management (FFAM) offers personal loans to help consumers consolidate their debts, lower interest rates and convert revolving debt into fixed-amortizing installment loans.

Using a combination of process, technology, analytics and human interaction, FFAM provides long-term risk-adjusted returns for investors in consumer lending. “To put it simply, we think talking to people is valuable,” says Andrew Housser, co-CEO of Freedom Financial Network. “In doing so, we uncover additional information that is not available in a credit file or data model.”

According to Housser, the commitment to human interaction and an approach of steady growth are key factors in the strong performance of FCCF. “We understand that long-term value comes from an economic model that produces positive discounted cash flows, based on a foundation of great people, processes, data, technology and analytics,” he explains. “By remaining disciplined in our approach to growing our business, we are producing solid results for both consumers and investors.”

Looking forward to 2017, Housser cites Freedom Financial Network’s leadership team experience in complex financial service businesses. This allows the company to implement complicated processes to reduce risk, and thereby improve returns for investors, he says. For example, a direct pay process lets the company pay customers’ credit cards off directly when they borrow money for debt consolidation. FFAM verifies 100 percent of customers’ incomes. In manually underwriting all customer files, the company is able to collect valuable information and insights not available on a credit report.

“None of the above is rocket science.  All of it is common sense.  But it is hard work, and it is only possible because we are consciously choosing long term value creation over short term growth,” explains Housser. Despite adding these complicated processes to reduce risk, the company funds borrowers one to two days faster than the industry average. “That simple statistic highlights the successful merging of great people, process, technology and analytics,” he concludes.


Freedom Financial Network

Co-founded by Andrew Housser and Brad Stroh, Freedom Financial Network , LLC, is a family of companies providing innovative solutions that empower people to live healthier financial lives. For people struggling with debt, Freedom Debt Relief offers a custom program to significantly reduce and resolve what they owe more quickly than they could on their own. Freedom Financial Asset Management tailors personal loans to each borrower with a level of customer service unmatched in the industry. helps homeowners better understand their loan options and make smarter mortgage decisions.

Headquartered in San Mateo, CA, FFN also operates an office in Tempe, AZ, and employs roughly 1,200 people. The company has been voted one of the best places to work in both the San Francisco Bay area and the Phoenix area for several years.


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Information in this press release is not an offer to sell securities or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.


[1] Such claims are not individualized for any specific investor's financial situation and is not investment advice – it is not intended to be, nor should you interpret them to be, a prediction of future performance.