Debted to serve Featured

8:00pm EDT June 25, 2008

Andrew Housser and Brad Stroh have created a business to make a profit but also to help tens of thousands of customers.

One of the biggest issues facing Americans is their rising debt. Housser and Stroh recognized two unmet needs in this market: for consumers to easily learn about personal finance and for debtors to have their own representatives in the collections process. They also realized that creditor funding was the norm for debt relief and a huge conflict of interest for the consumer.

The two co-founded and serve as co-CEOs of Bills.com. The company serves as a howto resource for customers to learn about and actually reduce their debt. It aims to help consumers prevent financial chaos and offers alternatives to bankruptcy, credit counseling and debt consolidation for those already in trouble. Bills.com is the online portal for Freedom Financial Network, the country’s largest pure debt resolution company.

While it hasn’t been an easy trip for them, the two have worked hard to distinguish their debt resolution services from the credit counseling industry, which has been under intense legal scrutiny. To do that, they developed a clear brand and are now sought-after experts in the personal finance field.

Housser and Stroh manage $1 billion in consumer debt for more than 40,000 consumers, and as they look toward the future, they plan to grow organically by adding new products. Additionally, this year they expect to grow revenue by 83 percent.

HOW TO REACH: Bills.com, (800) 544-7211 or www.bills.com