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YOUR DEBT OPTIONS
CLICK ON LINKS ABOVE TO VIEW KEY POINTS AND INFORMATION ABOUT OPTIONS
Bankruptcy
- High attorney fees
- Laws have changed over the past two years where it is tough to qualify, many times you will end up in a payment plan. (Chpt.13)
- Shows on your credit report for up to 10 years
Bankruptcy is a way to potentially get out of your debts. Unfortunately, it leaves a long lasting scar, and comes at a high price - financially, emotionally, and socially. It is a long and painful process and the repercussions can last for over a decade.
The financial impact is severe; a bankruptcy will stay on your credit report for 7-10 years. Every time you apply for credit, whether it is a home, a car, a lease, or insurance, you may be impacted. The long-term effect of higher rates may greatly outweigh the shorter-term impact of filing bankruptcy.
Additionally, most people do not realize that bankruptcy can stay on their court records for over 20 years - which means it can follow someone for the rest of their life. If you apply for a job, a loan, rent an apartment, or even insurance your bankruptcy filing may be easily uncovered.
Lastly, we have yet to find someone who is proud of filing bankruptcy. Most people will do anything to avoid filing bankruptcy, and for many of our clients, Financial Advisors Debt Settlement Program is a perfect alternative.
Bankruptcy is not an easy or even quick fix. It is a very serious decision with serious consequences. If you are considering bankruptcy, you should contact a lawyer to discuss this option.
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- High closing costs (On average $5,000 - $20,000)
- Apprasal fees
- Trading unsecured debt for secured debt
- Debt's will not be negotiated
- Still pay interest
- Typical loan is for 30 years
Refinancing has become much more of a headache than help for homeowners nationwide. With the economy continually declining and house prices still dropping, banks and lenders also continue to tighten up the guideliness for qualification.
Many people have been searching for months if not more than a year without success of getting approved. The refuge people had with the equity in their homes no longer exists.
Should you someone be able to qualify you for a program, aside from the high fees they will charge you, you will be turning your unsecured debts into secured debts. More importantly, with the added debt and lender fees you will be charged, this will make your mortgage balance go even higher and in most cases, even with a lower interest payment and/or higher term, you will be stuck with a much higher mortgage payment.
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- Balances are not negotiated
- Still pay interest on program
- High up-front fees
- Shows on credit report as CCC for 7 years
- Average term is 4-9 years
Consumer Credit Counseling is an alternative for consumers experiencing financial difficulties and unable to make their minimum payments. Like Financial Advisors program, Consumer Credit Counseling organizations act as an intermediary between you and your creditors. But Consumer Credit Counseling organizations typically attempt to reduce interest rate and fees on your debts, not the balances themselves. Through the reduction of fees and interest, Credit Counseling will generally allow you to get out of debt in about five years. However, you will end up paying back 100% of your balance plus interest, which will require a significantly higher monthly obligation than a typical debt negotiation program.
When evaluating Consumer Credit Counseling, check to see is if the organization is for profit or non-profit company. Non-profit Consumer Credit Counseling organizations are funded and supported by the credit card companies who you are making the payments to. This does create a potential conflict of interest, so be sure to understand if any Consumer Credit Counseling organization is collecting fees from both you and your creditors.
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Settle debt for 30-70% off your balance
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No extra out of pocket fees
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0% interest
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The Financial Advisors WILL NOT appear on your Credit Report
The Financial Advisors Debt Settlement Program is quick, easy and effective. With 11 years of debt settlement experience, our system has proven itself time and time again.
You can be signed up in our program in a matter of a few hours. No extensive verifications or paperwork is necessary. We have made sure to make the experience as fast and efficient as possible for our clients.
Above all, we understand this is a stressful time in your life and we make sure we are available to all our customers for any questions or concerns you may have. Our agents are friendly, courteous and most importantly, knowledgable. Many have extensive financial backrounds in not just debt settlement, but other important financial fields.
Financial Advisors Local Phone 480-409-0447 begin_of_the_skype_highlighting 480-409-0447 end_of_the_skype_highlighting
4810 N. Black Canyon Hwy #400 Phoenix, AZ 85017
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