Rescue One Financial Named #4 On 2012 OCBJ Fastest Growing Private Company List
Leading Debt Management Company Achieves Consistent Growth Due to Focus on Client Needs
Irvine, CA (PRWEB) November 02, 2012
Rescue One Financial, a full-service financial firm and debt management company, has been named to the Orange County Business Journal's (OCBJ) Sixth Annual list of Orange County's fastest-growing private companies. Rescue One Financial earned the #4 ranking among 154 independent businesses on the 2012 list.
Rescue One Financial was named to the OCBJ list as a provider of “debt settlement services.” The company, which was founded in 2007, had a two-year revenue growth of 939.4 percent. Revenue for the 12 months ended: 6/30/2012 - $12.6 million; 6/30/2011 - $5.1 million; 6/30/2010 - $1.2 million.
“We are honored to be recognized by the OCBJ among Orange County's fastest-growing private companies,” said Brad Smith, CEO of Rescue One Financial. “Growth is an accurate barometer of market viability. Our effectiveness in assembling and implementing productive workforce solutions for clients has resulted in organic growth at a remarkable rate.”
To evaluate the growth of a business for its 2012 OC Fastest-Growing Private Companies list, the OCBJ compared the revenue generated from July 2011 through June 2012 to that of the same period from July 2010 through June 2011.
“The companies on this year's list all had to come through the recent recession and post impressive gains during a slow and sometimes spotty recovery,” wrote Jerry Sullivan of the Orange County Business Journal in the October 1-7 issue.
Companies making the list had to show at least 15 percent growth in revenue from June 2011-June 2012 compared to the same period two years ago (June 2009-June 2010) to qualify as a potential fastest-growing company. According to the OCBJ, the measurement skips a middle 12-month period (from June 2010-June 2011) to reflect the staying power of companies that made the list.
Rescue One Financial offers several different debt reduction programs that promise to get clients out of debt 10 times faster than possible from simply making minimum monthly payments and about three times faster than traditional Consumer Credit Counseling.
As of August 2012, Rescue One Financial manages $1.6 billion of consumer debt, and has helped 119,535 people avoid bankruptcy and get back on the path to financial security. Total client debt settled by the company to date equals $1.67 billion, and the total value of client savings equals $676 million.
Smith said that the company's negotiations department has settled more than $750 million of unsecured debt on behalf of its clients, with an average settlement rate of less than 50 percent of debt owed – not including program costs. Initial client consultations are free and confidential, and Rescue One Financial collects its fees only after a client's debt has been reduced.
“We believe our program truly is the fastest way out of debt without filing for bankruptcy,” said Smith. “Rescue One Financial's mission is to negotiate client's debts to a fraction of what is owed. With our outstanding customer service, we can provide a fast and ethical way for our clients to become debt free and reclaim their financial freedom.”
For more information about the Orange County Business Journal's list of fastest-growing private companies see http://www.ocbj.com/news/oc-thelists/.
Rescue One Financial
Rescue One Financial provides debt reduction and consolidation, debt management plans, and consumer loan assistance to consumers overburdened with debt. Charities the company supports include American Red Cross and the Ambassadors for Mobility fundraising project of Free Wheelchair Mission, an international nonprofit organization dedicated to providing wheelchairs for the impoverished disabled persons living in developing nations. Headquarters: 2101 Business Center Drive, Suite #120, Irvine CA 92010; Ph: 877-RESCUE1; Fax: tel:949-491-1059; Website: http://www.rescueonefinancial.com; Email: Brad Smith BSmith(at)rescue1fin(dot)com
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