- Q: What is debt reduction?
- A: Debt reduction is the process of negotiating a lesser payback to your creditors. This process offers our clients a consolidated payment and a large overall savings. We also give our clients the ability to be debt free in just a fraction of the time that would normally be associated with paying off their debts.
- A: This is a debt that is not attached to any item, bank account or property. Forms of unsecured debt would include: Credit cards, medical bills, repossessions, department store cards and personal loans.
- A: This is a debt that is secured by some form of collateral. That means that the balance owed to the creditor is a non-negotiable figure. Forms of secured debt would include: Mortgage payments, vehicle payments, student loans and income taxes.
- A: It's very easy! Just complete a confidential inquiry by clicking here and a debt reduction specialist will contact you to discuss your financial situation. Once the debt reduction specialist has reviewed your finances and completed a basic application, they can begin to tailor a program that will fit your financial needs.
- A: NO. Our clients have the freedom to pick and choose which accounts they would like to include in our program.
- A: NO. Just contact our client services department so we can structure an arrangement to get you caught up.
- A: Absolutely! Our clients' privacy is very important to us and only authorized personnel will have access to your information.
- A: Credit counseling programs are funded by the creditors as an alternate way to keep receiving monthly payments from the consumer. Therefore the credit counseling companies work for the credit card companies. Accelerated Financial Services does NOT work for the creditors; Accelerated Financial Services works for our clients. Since we are not funded by the credit card companies, our clients can be assured they we have their best interest in mind when we are dealing with their creditors.
- A: Not at all. Debt reduction is for consumers who want to pay back their creditors but either can't afford the minimum payments or simply cannot justify paying such ridiculous finance charges. Bankruptcy is a way for a consumer to completely eliminate their debts and, in some cases; the creditor would not receive a penny. Bankruptcy laws, however, are very strict and most consumers may not be eligible now. Also, a bankruptcy reports as a completely separate note line on your credit report.a debt reduction program does not.
- A: No. Unlike many other companies, there is absolutely no pre-payment penalty of any kind with Accelerated Financial Services.
Q: What is unsecured debt?
Q: What is secured debt?
Q: How do I apply for your program?
Q: Do I have to include ALL of my credit card accounts?
Q: If I miss a monthly payment, will I be dropped from your program?
Q: Will my personal information be kept private and confidential?
Q: Why should I choose Accelerated Financial Services instead of a credit counseling company?
Q: Is your program the same as bankruptcy?
Q: Is there a penalty for early completion of your program?