 | This article contains content that is written like an advertisement .(January 2022) |
Andrew Housser | |
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| Born | August 9, 1973 Vancouver, Canada |
| Occupation | Businessman |
| Known for | Freedom Financial Network Freedom Debt Relief Bills.com |
Andrew Housser is an entrepreneur who co-founded Freedom Financial Network, [1] and who co-founded Bills.com.[ citation needed ]
Housser attended Brentwood College School in Mill Bay, Canada. Housser received his MBA from Stanford Business School, where he was an Arjay Miller Scholar, [2] and received a BA from Dartmouth College, where he graduated summa cum laude, and was a member of the Phi Beta Kappa honor society. [3] Housser is on the Board of Advisors of the Magnuson Center for Entrepreneurship at Dartmouth College, serves on the board of Brentwood College School, and previously served on the Phillips Brooks School board for six years.[ citation needed ]
Prior to founding Freedom Financial Network, Housser was an investor in a variety of services, manufacturing, and distribution companies at Littlejohn & Company, a private equity firm based in Greenwich, Connecticut. Prior to Littlejohn & Company, he worked for Smith Barney in New York City in the company's investment banking division. [4]
Housser and his business partner, Brad Stroh, founded Freedom Financial Network in 2002. [5] Housser serves on the American Fair Credit Council's (AFCC) board of directors, a position he has held since 2006, when it operated under the name The Association of Settlement Companies. [6] In 2010, he was awarded the association's President's Award for outstanding voluntary service to the organization and contributions that "benefits the consumer". [7]
In 2005, Stroh and Housser purchased the Bills.com domain and relaunched it as a website that provides consumers with information and interactive tools dealing with personal finance topics including debt relief assistance, mortgage loans, and insurance. [8] In 2008, Entrepreneur magazine named Bills.com No. 3 in the Hot 100 Fastest Growing Companies in America. [9]
In December 2013, Freedom Financial Network announced that Vulcan Capital, an investment group owned by Microsoft co-founder Paul Allen, would invest $125 million of venture capital in FreedomPlus, an online lending platform to make unsecured loans to consumers. Housser is CEO of FreedomPlus. [10]
In 2015, Stone Point Capital, a private equity firm based in Greenwich, CT purchased a minority stake in Freedom. [11]
In 2016, Freedom Financial Network and Stone Point Capital founded the Freedom Consumer Credit Fund LLC (FCCF), which funds the Freedom Financial Asset Management (FFAM) subsidiary of Freedom Financial Network. FFAM offers personal loan products to consumers to consolidate their debts, lower interest rates and convert revolving debt into fixed-amortizing installment loans. FFAM provides long-term risk-adjusted returns for investors in consumer lending. [12]
In 2019, Freedom Financial Network announced the launch of Lendage, its home mortgage business, founded to enable people to tap into their home value to consolidate debt, and start building a solid foundation for the future.
In 2021, Freedom Financial Network announced that it had surpassed more than $15 billion in debt settlement on behalf of over one million customers. [13]
Housser lives with his family in Northern California. He is married to Lara Bridges Housser and is the father of three children.[ citation needed ]
Debt is an obligation that requires one party, the debtor, to pay money borrowed or otherwise withheld from another party, the creditor. Debt may be owed by sovereign state or country, local government, company, or an individual. Commercial debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest. Loans, bonds, notes, and mortgages are all types of debt. In financial accounting, debt is a type of financial transaction, as distinct from equity.
A payday loan is a short-term unsecured loan, often characterized by high interest rates.
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Peer-to-peer lending, also abbreviated as P2P lending, is the practice of lending money to individuals or businesses through online services that match lenders with borrowers. Peer-to-peer lending companies often offer their services online, and attempt to operate with lower overhead and provide their services more cheaply than traditional financial institutions. As a result, lenders can earn higher returns compared to savings and investment products offered by banks, while borrowers can borrow money at lower interest rates, even after the P2P lending company has taken a fee for providing the match-making platform and credit checking the borrower. There is the risk of the borrower defaulting on the loans taken out from peer-lending websites.
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Blackstone Credit, formerly known as GSO Capital Partners (GSO) is an American hedge fund and the credit investment arm of The Blackstone Group. Blackstone Credit is one of the largest credit-oriented alternative asset managers in the world and a major participant in the leveraged finance marketplace. The firm invests across a variety of credit oriented strategies and products including collateralized loan obligation vehicles investing in secured loans, hedge funds focused on special situations investments, mezzanine debt funds and private equity funds focused on rescue financing.
Bradford G. Stroh is an entrepreneur, who has founded and led several companies, and also an author. Stroh co-founded Freedom Financial Network and several related specialty finance businesses. He is currently the CEO of Bills.com.
Refund Home Loans was an Australian mortgage services company founded by Wayne Ormond in 2004. The company created a franchised network of remote working mortgage brokers. After issues with the regulator for breaching trading practices in 2009 it got into financial difficulties. In October 2011, the business went into administration and in June 2012, its assets were sold to rival Australian mortgage company Homeloans Ltd.
Many factors directly and indirectly serve as the causes of the Great Recession that started in 2008 with the US subprime mortgage crisis. The major causes of the initial subprime mortgage crisis and the following recession include lax lending standards contributing to the real-estate bubbles that have since burst; U.S. government housing policies; and limited regulation of non-depository financial institutions. Once the recession began, various responses were attempted with different degrees of success. These included fiscal policies of governments; monetary policies of central banks; measures designed to help indebted consumers refinance their mortgage debt; and inconsistent approaches used by nations to bail out troubled banking industries and private bondholders, assuming private debt burdens or socializing losses.
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TitleMax, Inc. is an American privately owned title lending business with corporate offices in Dallas, Texas and Savannah, Georgia. The company has more than 1,100 stores in sixteen states. TitleMax serves individuals who generally have limited access to consumer credit from banks, thrift institutions, credit card lenders, and other traditional sources of consumer credit. TitleMax offers title loan and title pawn products which allows customers to meet their liquidity needs by borrowing against the value of their vehicles while retaining use of their vehicle during the term of the loan.
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{{Infobox company | logo = | name = Achieve | type = LLC | foundation = San Mateo, California, United States (2013) | location = 1875 S Grant St Ste. 450, San Mateo, 94402, California, United States | area_served = United States | key_people = Andrew Housser, Co-CEO; Bradford Stroh, Co-CEO | num_employees = 2500 (2023) | industry = Credit (finance) | products = [[Personal loan] [Home Equity Loan][Debt Resolution]] | homepage = www
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