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Fast Track Debt Relief, Inc.
Wednesday, May 3, 20175eKomi
My experience with this company has been nothing short of fantastic. I would like to point out especially the excellent customer serve by ***. She was always available, cheerful and worked hard t...
Fast Track Debt Relief, Inc.
Saturday, July 22, 20175eKomi
I like that they take time to Answer all my questions and don't feel rushed when I talked to them.
Fast Track Debt Relief, Inc.
Tuesday, April 3, 20185eKomi
Just like they say debt relief. I can't wait for that feeling because that's the way they make me feel. They make you feel very comfortable and help you understand the system how it's work.
Fast Track Debt Relief, Inc.
Tuesday, July 11, 20175eKomi
My experience has been both beneficial and it has relieved all of my stressors in regard to my dealings with my creditors. Everyone has been really helpful.
Fast Track Debt Relief, Inc.
Saturday, April 28, 20185eKomi
Great Service,everything was explained to my understanding.
Fast Track Debt Relief, Inc.
Thursday, October 12, 20175eKomi
Very professional and kind. It was hard to go this route because I've been in this situation about 8 years ago. You people are very kind and understanding.
Fast Track Debt Relief, Inc.
Thursday, April 12, 20185eKomi
I am satisfied with the information provided by the costumer service rep he took out the time to explain to me in details and made sure that I understood the process of consolidating my credit cards.
Fast Track Debt Relief, Inc.
Friday, July 28, 20175eKomi
Very helpful and professional. I was treated like family
Fast Track Debt Relief, Inc.
Thursday, March 1, 20185eKomi
It was a wonderful experience dealing with *** @ Fast Track Debt Releif. Very helpful in every way. Thanks again
Fast Track Debt Relief, Inc.
Friday, November 17, 20175eKomi
My experience with Fast Track has been wonderful due to the concern Ms. *** has. She was so helpful in getting me to understand the plan.
Fast Track Debt Relief, Inc.
Sunday, June 25, 20175eKomi
Something unbelievable but true this program really helped me a lot so far
Fast Track Debt Relief, Inc.
Thursday, April 5, 20185eKomi
Our experience with this company to this point has been very good. They seem to be very efficient.
Fast Track Debt Relief, Inc.
Wednesday, August 9, 20175eKomi
I had a very courteous, polite and extremely well knowledgeable about the information I received. All my questions were answered.
Fast Track Debt Relief, Inc.
Sunday, March 4, 20184eKomi
It was a pleasure to find that there is some one that still help the one that really need it. And take the time to listen and to exlpain thing so that you can understand.
Fast Track Debt Relief, Inc.
Wednesday, October 4, 20175eKomi
This company made sure I was not only aware of what I needed to be but also made sure I was comfortable with my decision.
Fast Track Debt Relief, Inc.
Friday, August 25, 20175eKomi
My experience has been excellent. Everyone that I came in contact with has been very good.
Fast Track Debt Relief, Inc.
Thursday, February 1, 20185eKomi
The experience with Fast Track has been very easy and *** was very nice and professional, she made sure that I understood everything upfront.
Fast Track Debt Relief, Inc.
Friday, October 6, 20175eKomi
Every one that I had contact with were knowledgeable and experienced. Their willingness to make sure that I fully understood every part of what I needed to know to participate in the program.
Fast Track Debt Relief, Inc.
Thursday, September 14, 20175eKomi
I think Nelson Casas explained everything to me and made my decision very easy. Thank you ***
Fast Track Debt Relief, Inc.
Saturday, June 10, 20175eKomi
What can I say!! Fast Track Debt Relief was a Blessing in Disguise and Life Saver for me and my family. With over $60,000+ in debt, we turned to Fast Track Debt Relief for assistance. They set up...
Fast Track Debt Relief, Inc.
Friday, December 1, 20175eKomi
Thus far, the service and assistance have been fabulous. Everything is explained very clearly, and, if there are still questions, they are more than willing to explain until you have a full underst...
Fast Track Debt Relief, Inc.
Friday, December 8, 20175eKomi
My experience with Fast Track thus far has been superb. I felt very comfortable going through the process.
Fast Track Debt Relief, Inc.
Friday, October 13, 20175eKomi
*** has help me and explain their business and I am satisfy and very please. I have heard from my attorney very please with him.
Fast Track Debt Relief, Inc.
Thursday, March 8, 20185eKomi
Fast Track was a pleasure working with. I was really struggling with paying off my debt and they were able to help me lower my payments and pay them off quickly.
Fast Track Debt Relief, Inc.
Saturday, August 19, 20175eKomi
Great experience. Very professional.
Fast Track Debt Relief, Inc.
Wednesday, May 3, 20175eKomi
I had been so over whelmed with being in debt and truly saw no way out. And with the help of *** and *** I am officially DEBT FREE. I cant begin to tell you how good this feels. And for some time...
Fast Track Debt Relief, Inc.
Saturday, November 4, 20175eKomi
***was awesome he addressed my concerns and was able to put me into a payment I feel comfortable about making.
Fast Track Debt Relief, Inc.
Wednesday, January 3, 20185eKomi
To date it has been quick, courteous and mind relieving. Thank you so much for working with me to resolve my debts.
Fast Track Debt Relief, Inc.
Thursday, September 14, 20175eKomi
So far everything has been great! Brad is great to work with and so is the attorney. Prayers that everything goes right with our creditors so we can be debt free before too long!
Fast Track Debt Relief, Inc.
Thursday, February 22, 20185eKomi
To whom it may concern, it was a great pleasure working with you and the group. I couldn't have done this without you.
Fast Track Debt Relief, Inc.
Monday, September 18, 20175eKomi
Andrea Scott has been more than just helpful. She has explained everything completely. She has answered all of my questions. Great service.
Fast Track Debt Relief, Inc.
Wednesday, January 17, 20185eKomi
This process so far makes me feel so much relief. The staff has been extremely kind and helpful.
FAST TRACK DEBT RELIEF ADVICE BLOG
JUN 05, 2018, TUESDAY
Should-I-File-Bankruptcy--Personal-Bankruptcy--Fast-Track-Debt-Relief 7 Reasons Bankruptcy Is a Bad Idea

Should I file bankruptcy? It's a tough question to answer. Personal bankruptcy is intimidating. Often, people in debt aim straight toward this last resort without learning of other options that can help them get out of debt. Additionally, they may not fully understand the terms of the agreement: Why is this asset being liquidated? Why isn’t this debt cleared?

Personal bankruptcy can be the best route for some, but it can signal a wrong turn for many others. There are 7 things you must know about this option before pursuing it further.

  1. Bankruptcy Is a 10-Year Commitment - A bankruptcy remains on your credit report for as long as 10 years. This can impact your ability to secure future loans and favorable terms on credit cards.

    You also can't file bankruptcy again for another six years, so you have to consider timing and whether right now is the best moment to take this on. A major lifestyle change is necessary; you have little room to make financial missteps.
  1. You Will Lose Your Credit Cards - You won't be able to choose which credit cards you keep. All your credit cards will be closed out. It can take some time (about one to three years) to regain unsecured lines of credit, and when you do, these lines of credit will have particularly high interest rates. It will take a significant amount of time to improve your credit to the point where you enjoy low interest rates again.

    It will also be nearly impossible to secure a mortgage for quite some time. Many loans will be either impossible to get, or will have exceptionally disadvantageous terms.
  1. Your Employment Chances May Be Affected - When potential employers perform background checks, it is illegal for them to factor your bankruptcy into their hiring decision. They may anyway, and there's not often a real way to catch them out on this. They're smart enough to come up with a different, legal reason for not hiring you – but the real reason may simply be the bankruptcy on your background check.

    This can be particularly prevalent in jobs where you have access to money or others' financial details. If you are engaged in a job search after declaring bankruptcy, and the potential employer is performing a background check, it's best to be candid about your situation and speak honestly about what you're doing to recover.
  1. Bankruptcy Won't Clear Certain Debts - Some look to personal bankruptcy as a way of zeroing out debts like alimony or child support. That’s not going to happen. You can only suspend these obligations through family court, and they won't always consider the same factors that bankruptcy does. This is done so that people can't take advantage of bankruptcy to dodge certain responsibilities. It also keeps those receiving alimony or child support safer, and gives them recourse to be heard.

    Bankruptcy won't eliminate student loan debt either. The same may hold true for a mortgage lien and certain other debts. In other words, it is not a “get out of debt free” card.
  1. Your Assets Can Be Taken - Chapter 7 bankruptcy can be powerful for certain situations. It erases debts including medical bills, personal loans, and credit cards. However, states have a variety of different exemption laws that decide whether your assets are protected.

    Exemption laws generally protect a car, retirement accounts, and household goods. These are items essential to your everyday life. They also protect certain items with high sentimental value, such as wedding rings. However, they won't necessarily protect extra vehicles, ATVs, RVs, golf carts, or boats. These will be seized and re-sold by your bankruptcy trustee.

    The only way to save these items under a bankruptcy would be a Chapter 13 bankruptcy, but this ties you to a payment plan that may be difficult to meet.
  1. You Can't Transfer Assets - If you attempt to transfer assets before a bankruptcy, this may be deemed a fraudulent transfer. For instance, you may think it's a good idea to transfer the title of a vehicle over to a family member. If you do this anytime within two years prior to a bankruptcy filing, the transfer will likely be considered fraudulent.

    The law doesn't consider the honesty of your intent. It simply considers the action. For instance, if you transferred the title to a vehicle a year ago thinking your financial situation was on the upswing, the transfer can still be considered fraudulent.

    A court can undo any transfer that happened within this time frame, deeming the asset you transferred unprotected – which means it can be seized and re-sold by your bankruptcy trustee.
  1. You Can't Repay Debts to Family or Friends - Similarly, if you pay a debt to family or friends, this can be interpreted along the same lines. Let's say you owe your sister $2,000. You repay this before you file bankruptcy so that she can get back what you owe her.

    Yet if you pay your sister $2,000 and you don't pay a credit card debt, this is considered preferring one creditor over another. If you've done this within a year prior to filing for bankruptcy, a creditor can ask the court to take this money back and distribute it evenly between all creditors owed.

    Yes, this means they would be taking the money back out of your sister's pocket and re-distributing it. This law exists so that all creditors have equal access to repayment. It also means that you can't use debts and repayment to stow money away with friends or family.

There's a lot to consider before you ask yourself, “Should I file bankruptcy?” Create a budget, see a credit counselor, learn about debt relief options, and learn about bankruptcy in more depth.

That sounds like a lot, but understanding the process of personal bankruptcy and its alternatives can help you avoid a mistake that you’ll be paying for - literally and figuratively - for years to come.

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