Why Debt Settlement?
Since we work with the creditors on a daily basis they know our reputation and have experienced our success. 96% of the people we put in the program successfully complete it and are debt free.
The creditors know that people who have a high debt to income ratio struggle to pay their bills and save for the welfare of their families.
If you are unable to pay on your bills for the next 30-40 years, then the creditor realizes you truly only have 3 options.
- File Bankruptcy- the creditor makes 0$’s off of this.
- Sell the account to a collection agency- The creditor sells the account for literally 10-15 CENTS per dollar.
- Take people to court- It takes FOREVER to go through the court systems. Even if the creditors take someone to court there is no guarantee that they will ever see a dime. If people didn’t have the money before you took them to court, they are not going to have it now. You can’t take blood from a rock. Trying to collect Billions of dollars by going to court, only to see a small percentage of people actually pay back the debt, just is not a very profitable way to run a company.
Holiday Cash Crunch
Every year consumers are faced with a decision to either buy gifts during the holiday season or pay credit card bills on time. Many banks report that a majority of missed payments and late payments take place in December and January of the next year. Surveys concluded that this is tied directly to the lack of sufficient cash flow during these months and overspending. The same concept applies when someone that runs into an emergency and cannot make the monthly payments on their credit card accounts.
Time after time we see our clients first start to fall behind or start having late payments to the credit card companies during the holiday season. Late payments result in late fees and over the limit charges all costing more money the coming months to get back on track. In March and April many of our clients are people whom fell behind in December of the prior year and tried for months to catch up eventually leading them to our debt settlement program.
Our debt settlement program is comprised of negotiating with your creditors to reduce the total amount that is owed at the present time by 40-60% or more. Typically based upon your budget and your abilities to repay your debt you can be debt free in 12-36 months or less. Debt settlement is also uniquely designed to lower you monthly payments so that you can afford emergencies and the holiday season without having to worry about neglecting your creditors.
For more relevant information regarding debt settlement and how it can help you visit our navigation bar at the top of the page to explore the solution to being debt free.
What Makes An Honest Debt Settlement Company?
There are plenty of people who only believe in giving the debt settlement industry a bad name. But what people are unaware of, is there are ethical companies that do exist and whose goal is to help people in need of debt elimination.
Many people believe that all debt settlement companies take peoples money and neglect their client accounts and put more emphasis on obtaining new clients and less time servicing their existing clients.
Our negotiators are paid on a commission basis so that we can ensure based upon our prior results and improving settlement trends that our servicing and creditor relationships will continue to advance the savings and settlement opportunities of our current and new clients.
FDN Solutions takes pride in explaining the practices, policies and fees for the program upfront that way there is nothing hidden from the client and they are fully aware of how the program works.
One thing that our clients have advised us of is that many of our competitors spend very little time on the details of debt settlement programs and how it will effect their credit and long term goals. All of the details of the program are diligently covered with the client in order to separate the serious applicants that are looking to reduce their debt from the applicants that are looking for information for the future. Some of the details of a debt settlement program may not be what the client wants to hear however the worst case scenario in a debt settlement program is still better than compounded interest and high monthly payments you will pay on your own. FDN Solutions 94.27% retention rate has everything to do with the upfront and honest explanation of the program and what it will require of the client until all accounts are settled.
If you call most debt settlement companies and ask about the fees for the program they become very reluctant to tell you up front. The reason is because most debt settlement companies charge several different fees such as a flat fee plus a portion of the savings and a management fee in order to equal a number so large it is best leave unmentioned and slide it in later. Not FDN Solutions. We charge only a flat fee of 15% of your total amount of debt. which is not collected up front but rather structured out over the program so that you can settle with your creditors sooner as opposed to later. This is the second major factor in our very low dropout rate.
FDN Solutions battles daily with creditors, regulators and media colleagues in order to show proof of the debt settlement program results and how an honest debt settlement company like FDN Solutions does a superior job of walking the client hand and hand through the program to a debt free life. Give one of our Debt Consultants a call to discuss your financial situation and see if debt settlement is right for you.
**Free 10 Minute No Hassle Consultation 1-866-791-2455**
Must have at least $10,000 of unsecured debt.