Debt Management can help borrowers get out of debt
faster by negotiating lower interest rates on their outstanding
Unsecured Debt with the added convenience of just having to make
one monthly payment.
Many individuals are stuck paying
extraordinary high interest rates on their unsecured debt
simply because they have made one or more late payments.
A typical creditor usually raises a client's interest rate 10%
to 15% as soon as this occurs. Hence, it is not uncommon
to see individuals with interest rates well above 20% and 30%!
At those rates, individuals making the minimum monthly
payment will have a hard time paying off their debt in
their lifetime since a very minimal part of their payment
actually goes towards paying down their outstanding
principle balance!
THE
SOLUTION
Our Affiliate Partner's Debt Management program
(also known as Consumer Credit Counseling) can
assist
borrowers who are having trouble keeping up with their
unsecured debt because of high interest rates and
other financial hardships. Typical Debt
Management clients have high interest rates on their
unsecured debt but don't want to stop making payments which
can eventually cause them to default on their loans.
In order to help borrowers keep up with their payment
obligations the program can assist them in negotiating lower
interest rates. The program can also help borrowers
manage all of their different unsecured debt payments by
consolidating them into one single monthly payment!
First, a borrower's creditors are contacted on their behalf
to negotiate reduced interest rates for each of their
unsecured debt accounts. Second, borrowers then
select a convenient day of the month to make their new
consolidated monthly payment. Ultimately, the Debt
Management Program can help borrowers get out of debt
faster and help them better manage all of their creditor
accounts as well as help stop harassing creditor phone
calls!
DO
I QUALIFY?
Every borrower's hardship and each
individual creditor's qualification requirements are
different but the following are some of the common things
most creditors look for in potential debt settlement
candidates; 1. Explanation of the borrower's financial
hardships which have caused or are causing them to default
on their unsecured debt payments (i.e., lay off,
pay cut, new job...) 2. Willingness and
ability to pay a reduced payoff amount
(i.e., adequate available monthly income after monthly
living expenses to cover their new reduced consolidated
monthly payments) 3.
A borrower's unsecured debt should not be in
collections.
Note: Actual results vary. Final debt
management decisions and reduced interest rate amounts are
ultimately determined by the corresponding creditors.
Fundamental Financial Corp. is an authorized representative
of Impact Debt Relief. All Debt Management negotiations
are done directly by Impact Debt Relief.
Call or visit us today to set up a
private, no obligation consultation regarding your particular
case!
