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Consumer Financial Services

Being the leading CRM solution in consumer financial services, we’ve developed strong relationships with our clients whose entire objective is to improve the financial well-being of their customers. We believe in being able to help others achieve their financial goals. Our network spans the best in class partners to help consumers get out of debt, repair their credit, or explore alternative debt relief options.

Do not be embarrassed about your financial situation! Let us show you some of the many options you have!

Debt Settlement

Debt Settlement is a form of consumer financial services, the process in which a third party company will negotiate a reduced settlement of your debts with each of your creditors. This process can be very beneficial to consumers who have a legitimate financial hardship, and are unable to pay their debt obligations. While no one can guarantee settlement, or what that amount will be, industry averages can range widely from 20% – 80%. Historically, average settlements tend to range in the 40% area, however this depends on the creditors they are working with, and the willingness of those creditors to settle with you.

Let us show you a scenario. Lets assume you have a credit card with a balance of $10,000 that you are unable to pay. At a 40% settlement, you would only owe $4,000.00 to that creditor under the newly agreement settlement terms. You should choose companies that work on a performance or contingency model. These companies do not charge you any fees until they have successfully reached a settlement and a payment has been made to the creditor. These companies typically charge a fixed percent fee of either your debt amount, or the amount of money they save you at settlement.

Debt Management

Debt Management Plans are another way consumers can reduce or eliminate their debt. This differs from Debt Settlement in that companies will work with you to establish a tight budget and a financial plan to pay down your debt obligations. Often times, these companies can negotiate a reduced or frozen interest rate. This interest rate reduction can significantly reduce the amount of time it takes you to pay off your debts as well as the overall total interest you pay over time. Under a Debt Management Plan a consumer financial services company will arrange for a new monthly payment to each of your creditors. Often times, these companies can act as a bill payment service, while collecting a single monthly payment from your account, and then distribute the pro-rata amount to each of your creditors. This makes it easier for consumers to manage their money while having less debits on their account monthly.

Student Loan Relief / Consolidation

Students graduating college are among those who are a staple to the US economy and drive the future of our great nation. Unfortunately, many of these students are leaving with substantial amounts of student loan debt. As of 2017, American students owe more than $1.2 trillion in student loan debt, across approximately 40 million borrowers. That is almost $600 billion more than U.S. credit card debt. Today, the average student graduate has $37,000 in student loan debt, which is up six percent from last year. What many students do not know is that there may be consolidation and forgiveness options available, often times reducing the interest rate through a blended consolidation. Some of these programs include Income Based Repayments and Pay As You Earn programs. DebtPayPro works with hundreds of consumer financial services companies that offer assistance in preparing needed documents while accurately explaining the options you have as a student.

Bankruptcy

If you are looking to eliminate your debts, Bankruptcy may be the best option for you. While this could feel wrong, or shameful, you should not feel this way. What is important, is that you understand the options you have, and take the necessary steps to improve your financial situation for yourself and your family. There are typically two forms of Bankruptcy that consumers can file, Chapter 7 and Chapter 13. Navigating the bankruptcy code and laws require experts to ensure your case is handled properly, timely, and accurately. DebtPayPro’s clients include nationwide bankruptcy law firms, hundreds of attorneys, and consumer financial services companies. All that which can assist you in fully understanding the program, educating you on your options, and help you make the right decision.

Credit Repair

As a result of missing payments on your debts, often times your credit will be affected. This can negatively impact your ability to obtain new credit, like making a purchase on a new home. It is important that you maintain a strong credit profile while managing your debt at the same time. Fortunately, there are thousands of companies that can help you repair your credit. These companies should not charge you fees upfront, only after results have been obtained. Credit Repair companies have methods for disputing the accuracy of information found on your credit report and having negative or dissatisfactory remarks removed entirely. In a relatively short period of time, you can potentially see substantial increases in your scores. DebtPayPro has consumer financial services companies that have helped over 10’s of thousands of consumers by repairing their credit. Let us help you find one.

 

 

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