Memo - Debt Consolidation Options When Banks Have Rejected You

What do you do when you have a financing or debt consolidation need and you have hit dead ends with traditional lenders, banks, etc? You may believe that debt consolidation or other financing are not available because these traditional sources have rejected you, but this may be far from the truth.

In my professional circles, I have non-traditional commercial lenders / financing companies that work with companies and families that don’t fit into the restrictive cookie-cutter underwriting in the mainstream commercial banking world.

High interest credit cards, IRS tax payments, personal, business and student loans, medical bills, foreclosures, and vehicle repossession, can choke your personal finances and business income fast.

By consolidating your expenses and reducing debt, you will increase your income and free up CASH flow.

Positive working capital is essential for your company to meet its continuous operational needs, and grow your enterprise. Merging multiple old high-interest debts into one new dramatically lower-interest reduced payment, will boost your profitability.

You want to find an independent company that can:

Reduce the daily anxiety you and your family are suffering under.
Have their attorneys negotiate with creditors
Place the remaining debt into a trust, and
Fund the new debt amount with your own funds.
Makes Business Loans with favorable repayment terms and minimal personal guarantees.
Ignore your current credit rating.
Stop collection calls, wage garnishments.
Increase your cash flow.
Reduce payments by up to 80%
Close Quickly
Improve credit ratings over time.
Make this invisible to future creditors searching to garnish wages or otherwise.

Here are two recent cases that I worked on for my clients.

Business Debt Relief Case

* Business acquired a personal loan, multiple business loans, and credit cards while forming their business over the period of 2 years.

* This business was at the point of not being able to pay their vendors for the products that they sell because of the high loan payments.

* The debt was so high that they could not get another loan, and they were nearing the point of defaulting on their loans.

* They were able to procure a 5 year low interest loan compounded annually.

* A trust was set up to protect them from creditors.

* The total of their previous loan payments were over $25,000 per month which was reduced to $3,000 per month.

* This $22,000 per month extra in their pocket saved their business without bankruptcy.

Consumer Debt Relief Case

* Client had 12 high interest credit cards and two personal loans that they had accumulated over the course of many years.

* The credit card and loan payments combined added up to almost $2,600 per month.

* This client is retired and with their limited income they were barely able to pay their bills along with their debt payments.

* A trust was formed to protect the client from creditors at no extra cost.

* In this case their total debt was reduced by 50% of what it was by settling all debts, and reduced their payments to a total of $649 per month with a new loan.

* Our client is now saving over $1,900 per month which has totally changed their quality of life.

* Credit repair is now being used to raise their credit score.

If you, or someone you know, is in a similar position to those described above, I urge you to contact me so I can introduce you to financing representatives I feel can provide cost-effective and sound solutions.

Click here to request a consultation or ask me a question.

Please reach out to me without hesitation with any tax, business or accounting question, and to schedule a consultation.

Tax Laws are complex.

It is very easy to make mistakes that can incur penalties.

Do you have a Tax, Accounting or Business Question?

Is your CPA or Attorney ignoring you?

Call Me Immediately. (732) 673-0510.

Remember,