Bills.com Eases the Woes of Credit Consumers

SAN MATEO, Calif., July 25, 2006 -- With a perfect storm of high pump prices, rising interest rates and skyrocketing health insurance premiums, experts now worry of a looming financial crisis for American families who are saddled with consumer debt and lofty mortgage payments. Current economic conditions are forcing many overextended borrowers into late payments, repossessions and even foreclosures.

However, the recent launch of a consumer resource website is offering solutions to these and other complex issues facing borrowers and credit seekers.

Bills.com has been deemed a one-stop shop for advice, information, comparison shopping, debt management and other personal finance matters.

“Education is the key,” said Brad Stroh, co-CEO and founder of the company.

“We wanted to create a comprehensive site that would empower consumers to make the best decisions based on their individual situations. We believe Bills.com fulfills this objective,” he added.

The site also features a unique section entitled “Ask Bill.” Visitors can submit any finance-related question and receive a direct, personalized email response from an industry expert.

In addition to educational resources, Bills.com also offers a user-friendly environment for the best rates on mortgages, insurance, debt help, credit lines and even provides online bill pay options.

“Through an extensive network of lenders and providers, we’re able to provide our customers the best possible rates that will end up saving them thousands throughout the life of the loan,” Stroh contended.

Based on recent statistics, those potential savings could prove to be critical.

With the average household carrying $8,000 in credit card balances, many families are burdened with high-interest revolving debt. Even nominal savings on new or existing loans could prevent default by these borrowers.

Stroh noted, “Credit and debt-burdened consumers have a lot working against them right now. Tougher bankruptcy laws, rising interest rates and inflationary pressures are forcing people to look for options and alternatives.”

“We’re proud to offer answers and solutions for people regardless of their current financial situation.”

For more information, including answers from “Ask Bill,” visit www.bills.com.

Based in San Mateo, Calif., Bills.com is a free one-stop online portal where consumers can educate themselves about complex personal finance issues and save money by choosing the best-value products from a network of qualified service providers. Since 2002, Bills.com’s partner company, Freedom Financial Network, has provided consumer debt resolution services, serving more than 7,500 customers nationwide and managing more than $250 million in consumer debt. The company’s co-founders and CEOs, Andrew Housser and Brad Stroh, were recently named Northern California finalists in Ernst & Young’s 2006 Entrepreneur of the Year Awards.