Reliable Debt Relief Options Provided by Financial Experts with Years of Experience
We provide debt relief solutions to clients of diverse needs.
Struggling with debt is stressful. Feeling the weight of inability to cover the payments every month leaves borrowers in constant despair. The situation gets worse if you have a family because you need to make sure that they have access to the most basic necessities. Combining these challenges with the pressuring attitude and harassing calls of lenders creates an extremely frustrating scenario. Fortunately, even at the times of complete hopelessness, there is a light that guides you to the debt-free future.
The First US Financials is here to relieve you of your debts and get the financial weight off your shoulders!
This option of debt relief allows debtors to contact a third-party expert and discuss their financial standings. The counseling usually lasts from 45 minutes to an hour. During this discussion, debtors explain their financial hardships and share the details of their loans. Experts, on the other hand, analyze the situations and make recommendations.
One such advice can be repayment or debt management plan. Experts analyze your ability to pay based on your income and outstanding debt. Then, in the best case, they negotiate with the creditors. The results of these negotiations can be lower interest rates, temporary cease of the payments, or a settlement agreement. No matter the solution, debt repayment or management plan requires borrowers to stop accumulating debt. For example, if the borrower has a credit card debt, he/she should give up the card. However, it is not easy for everyone. Many people struggle to afford their lives without borrowing. It should also be considered that the management plans last around 4-5 years. In such an extended period, debtors find it difficult not to receive any credit. Therefore, the chance of failing on this debt management plan is high.
If you agree to a management plan, you will most likely be required to make one payment per month. This payment can be lower than the current total payments. Then, the agency allocates the amount among the creditors, as agreed with them. Despite its disadvantages, this program helps debtors to reduce the stress and pressure they face from the creditors. The reason for this advantage is that lenders only communicate with the third-party agency, instead of the borrower. If you also have penalties for late payments or any other charges, they can be waived as the aim of this debt relief is to assist you in making loan payments on time without additional challenges.