UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 29, 2009

FREEDOM FINANCIAL GROUP, INC.

(Exact Name of Registrant as Specified in its Charter)

Delaware	001-51286	43-1647559
(State or Other Jurisdiction of Incorporation or Organization	(Commission File Number)	(I.R.S. Employer Identification No.

3058 East Elm Street, Springfield, MO 65802

(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code: (417) 886-6600

_________________________________________________

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14d-2(b))

o	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.01. Entry into Material Definitive Agreement

On September 29, 2009, we entered into an Auto Receivables Purchase Agreement (the “Purchase Agreement”) with First Investors Financial Services, Inc. (“FIFS”), an unrelated financial services company.

Pursuant to the Purchase Agreement, we have agreed to sell all or substantially all of our portfolio of subprime used automobile installment sales contracts and other consumer receivables (collectively, the “Receivables”) to FIFS for a cash purchase price calculated as the sum of a percentage of the outstanding principal balance of Receivables falling in different classes based upon their aging on the closing date (the “Asset Sale”).

We intend to use the proceeds from the Asset Sale primarily to pay off our $15 million secured revolving warehouse line of credit with ReMark Lending Co. (“ReMark”), which had a principal balance of approximately $12 million as of June 30, 2009. As we have previously reported, ReMark has advised us it does not intend to extend the line of credit past the January 31, 2010 maturity date. The ReMark line of credit is secured primarily by the Receivables, which comprise substantially all of our assets.

The projected closing date for the Asset Sale is December 15, 2009. Consummation of the Asset Sale is subject to fulfillment of a number of conditions, including approval by our stockholders. There can be no assurance the Asset Sale will close.

The Purchase Agreement provides for a breakup fee to FIFS if we elect to terminate or fail to consummate the Asset Sale.

Cautionary Statement Regarding Forward-Looking Information. This report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. In particular, any statements that do not relate to historical or current facts constitute forward-looking statements, including any statements contained herein regarding our expectations with respect to the Asset Sale, our payoff of the ReMark line of credit, and our ability to remain in business following those events. Forward-looking statements are subject to known and unknown risks, uncertainties, and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from those projected or implied in such forward-looking statements. Factors that might affect actual results, performance, or achievements include, among other things, whether we are able to obtain financing that would allow us to refinance the ReMark line of credit, any failure of the Asset Sale to close, the aging of our Receivables at closing of the Asset Sale, and the risk that ReMark may declare us in default and sell our assets in foreclosure at distressed sale prices if we do not pay off the line of credit on the maturity date. The forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, as of the date of this report, taking into account information currently available to us. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to us, including those events and factors detailed in our filings with the Securities and Exchange Commission. Neither we nor any other person assumes responsibility for the accuracy or completeness of these statements. We do not intend to update these forward-looking statements and undertake no duty to provide any such update under any circumstances.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated October 5, 2009	FREEDOM FINANCIAL GROUP, INC.


	By: /s/ Jerald L. Fenstermaker
	President and Chief Executive Officer

FREEDOM FINANCIAL GROUP INC 8-K