When you struggle with debt, it’s difficult to know where to turn or which information is accurate and impartial. For many in this situation, debt consolidation can provide relief. At the same time,people are often wary of the debt relief industry - and justifiably, in many cases. There are some “specialists” who are out for their own gain. But when companies use legitimate techniques and sound financial knowledge, they can provide a pathway out of debt.
A Closer Look at Debt Relief
Let's look at debt relief from two perspectives. The first is your perspective, and we'll highlight the top settlements that Fast Track Debt Relief has negotiated. The second perspective is our own; we'll lay out exactly how we help people and work as a viable business. It's important for you to understand your benefits and how we make our money. This way, you feel fully comfortable facing your debt and working with us to minimize it.
Total transparency is the key to success.That’s why we offer you information on top settlements. You can gain a better idea of the kind of money that we've helped those in debt save. These are the settlements we've worked out directly with a creditor. One individual we worked with, for example, owed more than $27,000 in debt. We settled it for less than $11,000, just 38-percent of the total owed.
We regularly see settlements for 25-percent and, in April, we even settled a $4,000 debt for 15-percent of its total – just over $600. Think about that possibility. Think about owing $4,000 and being able to pay just $600 to have the rest of that debt forgiven - to stop having to worry about that debt looming over your head and continuing to affect your credit and financial situation.
Larger debts won't typically see that same level of consolidation, but you never know. Also in April, there was a $17,341 debt that we settled for $3,641. That's just 21-percent of the total, and a savings of $14,000. That client saved years of struggling with stressful debt.
Confront Your Debt
This kind of debt consolidation is not a magic wand. It requires confronting your debt and being willing to face it head-on. We will sit down, look at your situation together, and form a plan of attack that can help you get debt relief now.
This process can change the reality you live in. It can enable you to reconstruct your life on a debt-free foundation. But it does take work and collaboration with us to look at your situation realistically, form a plan, and find ways to stick to it.
That plan can take a few different shapes. It can be a lump sum payment that is a fraction of the total debt you owe, or it can be a monthly payment that's lower than your current monthly payment.
Debt Specialist Compensation
Now, we are a business. We don't hide that; and in fact, we are proud to provide this service to so many people who are struggling. At the same time, we have overhead and employees to pay. Settling debt isn't easy and it requires we employ professionals with both financial and negotiating experience, as well as support staff.
So how are we paid? How do we stay in business? We're actually paid out of the money we save you. That means that the more we save you, the more we get paid. A typical breakdown might be 30-percent of what we've saved you. That’s even more incentive to save you as much as we possibly can.
Let's use a flat amount as an example. Keep in mind this is not a quote because everyone's situation varies. Let's say you owe $10,000. We sit down, look at your finances, and we're able to then go to your creditors and settle for $3,000, or 30-percent.
We might get paid 30-percent of the $7,000 we saved you. That means we'd receive $2,100 to be able to continue helping people with debt consolidation and debt relief.
Now all told, instead of your initial $10,000 debt, you would end up paying $5,100. Just about half of your debt is off the table completely.
Commit to Debt-Free Life
The statistics and examples we're using here are for people who complete the full program. That's important to stress. A settlement depends on follow-through. That doesn't mean they're inflexible.
Let's say you're paying your settlement. An emergency comes up – maybe it's car or home repair that's absolutely crucial. Maybe it's a medical emergency. Maybe you work as an independent contractor or run your own business, and an unexpected expense comes up. We understand those things happen.
We also understand, if you can't get that car repair, you might not be able to make it to your job. If you can't deal with that medical emergency, you may not be healthy enough to continue working. If you can't pay for that license renewal you need as an independent contractor, you may not keep getting work at the same level.
We understand that. Plans can often be adjusted. Creditors will always take some money over none at all, so we can often convince them to shift without losing the overall shape of your plan in the case of emergency. Everyone has to be a bit flexible, and you shouldn't lose your chance at debt relief simply because life deals you a wild card.
That covers both how you enter into and maintain standing in a debt relief program, and how we operate as a business on our end. It's in our interest to save you more. We are committed to help you get out of debt now, and stay out. We’re in this together.