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Fast Track Debt Relief, Inc.
Monday, October 1, 20185eKomi
So far she has been great ,looking forward to seeing my credit score. *** was very persistent. very convincing. So she won be over.
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.
Thursday, August 30, 20185eKomi
My experience thus has been good it has allowed me to use a new avenue in repairing my credit along with helping my daughters get back on track very professional staff every document was explained ...
Fast Track Debt Relief, Inc.
Thursday, August 2, 20185eKomi
*** has been awesome from the first minute I spoke with her. She is very professional but compassionate about my situation. It was always a pleasure speaking with her.
Fast Track Debt Relief, Inc.
Wednesday, October 10, 20185eKomi
So far I can't say enough about this company especially *** she was awesome
Fast Track Debt Relief, Inc.
Tuesday, August 28, 20185eKomi
*** was great. Knew what she was doing. Very persistant but it worked. First, i said no then an hour later, it was yes.
Fast Track Debt Relief, Inc.
Friday, October 5, 20185eKomi
Awesome experience with this office just wonderful .when I was at my lowest point .They took care of me.
Fast Track Debt Relief, Inc.
Friday, August 3, 20185eKomi
*** was super helpful, kind, and easy to talk
Fast Track Debt Relief, Inc.
Saturday, July 14, 20185eKomi
The beginning proceedings over the phone were very easy. *** talked me through everything. But, he was a little condescending towards me for having to go through this process. But, he was nice afte...
Fast Track Debt Relief, Inc.
Saturday, August 4, 20185eKomi
Everyone I've been contact with has been very helpful.
Fast Track Debt Relief, Inc.
Friday, August 31, 20185eKomi
I found that this is probably one of the best experiences I've had dealing with a debt/finance company.
Fast Track Debt Relief, Inc.
Wednesday, August 8, 20185eKomi
I received an offer in the mail regarding the program. At first, I was a little reluctant but my monthly bill payments were becoming difficult to maintain. After doing some research about the progr...
Fast Track Debt Relief, Inc.
Monday, October 1, 20185eKomi
I was very tentative about reaching out for help with my financial situation. *** from Fast track was VERY understanding and continued to communicate with me every step of the way. She was very rea...
Fast Track Debt Relief, Inc.
Friday, September 21, 20185eKomi
Professional and extremely helpful. Recommend to anyone who is in financial distress.
Fast Track Debt Relief, Inc.
Monday, July 23, 20185eKomi
Excellent services and knowledgeable employees!
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, September 28, 20185eKomi
Felt so relieved after the first conversation with ***. Cant wait to be sent free soon!
Fast Track Debt Relief, Inc.
Saturday, April 28, 20185eKomi
Great Service,everything was explained to my understanding.
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.
Monday, October 22, 20185eKomi
Our experience has been wonderful with ***, he is great so glad we contacted him
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.
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.
Wednesday, October 24, 20185eKomi
*** ultimately became my financial advisor and did an excellent job with a stressful situation. He pushed it thru quickly and efficiently.
Fast Track Debt Relief, Inc.
Friday, July 20, 20185eKomi
My experience thus has been excellent. *** made me feel comfortable and confident throughout the entire process.
Fast Track Debt Relief, Inc.
Monday, July 30, 20185eKomi
My experience with *** was very good actually excellent they're very quick about everything if I had any problems they took care of it right then and there I can call them up and have anything take...
Fast Track Debt Relief, Inc.
Tuesday, September 11, 20185eKomi
Very impress with the pace in which my case was handled. Everyone made sure I understood what was happening and what was going to happen.
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.
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, 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.
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.
Thursday, November 15, 20185eKomi
*** was very good for us. She walked us through everything and was very competent. We were in very good hands & we appreciate her dedication, sincerity & all the time she spent helping us & explain...
Fast Track Debt Relief, Inc.
Monday, October 1, 20185eKomi
The experience was exceptional. The people were very good in the explanation of your services. They even provided information in an email that I printed that explained the process.
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, Inc.
Friday, October 12, 20185eKomi
*** was very patient and not pushy during the process. I finally feel like a load of stress has been lifted off of me.
Fast Track Debt Relief, Inc.
Saturday, August 18, 20185eKomi
Well the people I'm working with is very professional in the business that's helping me.*** and *** explained very clearly about how this program goes. I'm just starting so once I get into things a...
Fast Track Debt Relief, Inc.
Thursday, August 30, 20185eKomi
EXTREMELY friendly, courteous and helpful. *** was very courteous and helpful. I was skeptical at first, but he let me know everything would work out fine.
Fast Track Debt Relief, Inc.
Wednesday, September 26, 20184eKomi
It has been a very positive experience so far. The people I have spoken and met with have been very friendly. I did not feel pressured in any way and they were very patient and forthcoming concerni...
FAST TRACK DEBT RELIEF ADVICE BLOG
APR 28, 2016, THURSDAY
Debt Relief Guide for Small Businesses

Will I be able to invest in new equipment? Can I afford to hire a new employee? Will I have enough funds to pay my vendors on time? Will I meet payroll this week?

When you own a small business, worry is part of the territory. According to research firm Gallup, nearly half (49 percent) of small business owners say it is “extremely difficult” to manage their current debt load. Coping with debt is so difficult, in fact, that it plays a major role in the high failure rate of these small companies. What can you, as an owner, start to turn the tide? What credit solutions are available, and how can you create a budget plan that enables you to meet your goals?

 

Debt Relief Programs | Fast Track Debt Relief

The Debt Challenge

Dealing with debt – whether as a consumer or a business – is difficult. Making it more so for small enterprises is the fact that traditional credit sources are often difficult to attain. Consider the following statistics:

  • To obtain a working capital loan, businesses need to be at least two to three years old. This leaves many nascent companies behind.
  • After submitting a credit application, it takes a week or more to hear back from a bank. If you are experiencing a cash flow crunch, this is about seven days too long.
  • Many small businesses are unable to find funding sources.
  • Many owners resort to tapping into retirement accounts, asking family and friends for loans, and using their own savings for funding.
  • Big banks approve only about 20 percent of the requests they receive from small businesses.
  • Small business loans have declined since the Great Recession of 2008.

All of these statistics add up to one undeniable fact: obtaining traditional credit is a difficult, lengthy, and often fruitless process.

Finding Solutions

While statistics can look dire, the truth is that small businesses are the lifeblood of the US economy. It is possible to survive – and to thrive – when you know how to follow a sound financial plan and access tools that can help, from alternative credit solutions to debt relief programs. Some tips to help manage, and conquer, debt:

Take a Hard Look at Your Budget

While you know you’re sliding down into debt, do you know why? Do you know exactly what’s going on in the murky depths of your business finances? Delve in and find out. Look at your budget to get a better handle on income sources and costs, both fixed and variable.

As a small business owner, you likely do not have the capacity for a full-time, in-house finance professional. Luckily, there are alternatives. You can tap an as-needed accountant, utilize budgeting and accounting software, or seek help from nonprofits like SCORE Association. SCORE is made up of thousands of volunteer business counselors who provide mentoring, advice, workshops, and more.

Businesses that cannot afford high-level financial help are the ones that need it those most. Fortunately, there are alternative routes for you to explore.

Make More, Spend Less.

Now, why didn’t you think of that! It sounds too simple to be useful. But there’s no escaping the fact that to escape debt, you need to trim the fat and increase revenue. It’s the “how” that can be challenging.

Let’s look at increasing revenue. You can do this by offering sales and discounts, of course. But if that doesn’t fall in line with your pricing strategy, you can also increase productivity. Can you, for example, boost employee skills and output with training, enabling them to serve customers more effectively and efficiently?

Another option is to reexamine your vendor agreements. Will a supplier give you a discount for prompt payment? Is it time to consider a new vendor who can offer more attractive terms? Don’t get complacent: search for the best deal and either take it or use it as leverage to negotiate.

Think of creative ways to increase revenue, from implementing just-in-time inventory methods to appealing to a new demographic.

When it comes to spending less, it is helpful to go back to the budget. Look at expenses you’re paying for each month that are not providing the necessary return. Is that $200 membership to the trade association paying you back? No? Consider opting out. Is your office space too big? What if you downsized to a smaller space? Some decisions are more painful; for example, is it cheaper and more efficient to have a virtual assistant than a person filling that role?

Communicate with Your Creditors

The worst step you can take when you are dealing with debt is to do nothing. Reach out to creditors, such as your credit card providers, and ask for more favorable terms. You can, for example, request a lower rate, which can save you significant amounts of money each month.

Some vendors or suppliers may be amenable to payment plans or other alternatives. You won’t know until you ask. As difficult as it is, you have to be proactive about managing debt.

Consider Debt Relief Programs

Another worst step: creating a snowball effect when it comes to your debt. For example, your credit card company may convince you to transfer all your balances to them so you can consolidate them in one easy payment. What they leave out is that payment is often exorbitant and carries a hefty interest rate. At best, you’re simply paying interest each month. At worst, you miss a payment or pay late and end up with extra charges on top. It is extremely difficult to pay down debt this way.

What’s a better alternative? Debt relief programs that actually negotiate your debt down, rather than simply roll it into an ever-growing pile of liability and stress. Under such agreements, you pay the debt company monthly and watch your debt begin to disappear. It is not quick and easy; it is a process, but one that offers you a streamlined solution aimed at getting you out of debt for good.

Debt is a big problem for small businesses. Take action now to mitigate your risk and ensure you have the funding you need to grow and thrive. If you need help, reach out to an accountant to debt relief specialist to help you take the first important steps towards financial freedom.

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Testimonials
"Fast Track's Debt Relief financial specialists can give business owners the peace of mind that comes with knowing that the effort has been made to have business debt problems finally settled with Fast Track's help."
Rebecca G.
"The staff was great. They treated me with the upmost respect and answered all of my questions in a timely manner. Thank you!"
Janet A.
"Thank you so much. I never meant this to happen. I felt so bad inside; I always tried to pay my bills. Thank you for all of your help. I do not ever want more credit cards."
Ginger J.
"Thanks so much for your help!! I am so glad this is all over!!"
Melissa H.
"The people of Fast Track are very concerned with the client. They are life changing in our case. Thank you."
Joe L.
"Thanks to all your staff; for the many girls and boys I've alked to. They were always so helpful to answer all of my questions and concerns. I would highly recommend this company to help others in need. Thanks again!"
Tanis P.
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