- How does this Program help me to Save Money and to resolve my Payday/Installment Loans?
- What if I am Currently Behind in my Payments to the Payday Loan/ Installment Loan Lenders?
- What is Payday Loan Consolidation & Debt Consolidation?
- How does the Process Work?
- How does this Program differ from the other Debt Relief Companies that I See on the Internet?
- How Does This Program Help Me to Save Money and Resolve Credit Card Debt?
- What if I am Currently Behind in my Monthly Payments to My Credit Cards?
- Will I be harassed at my Place of Employment or will the Creditors Call my Employer?
- Could I Get Sued or Get my Wages Garnished if I was to Enroll into this Program?
- Why should I choose Federated Financial’s payday loan consolidation program?
- Can Federated Financial help me?
- What are the benefits of a payday loan consolidation & debt consolidation program through Federated Financial?
- How Does Federated Financial obtain lower payments?
- Can medical and hospital bills be included in a debt consolidation plans?
- Should I consider filing for bankruptcy instead of joining your program?
- Why shouldn’t I apply for a home equity loan or debt consolidation loan to pay off my creditors?
- Who should consider a debt consolidation plans?
- Will My creditors work with you?
- What kinds of debt qualify for debt consolidation?
- How can I dispute credit report errors?
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How does this Program help me to Save Money and to resolve my Payday/Installment Loans?
Your loans are combined into ONE LOWER monthly payment. The amount of the monthly program payment is normally reduced to up to half of what you are currently paying monthly.
The interest on your loans stops entirely. ( 0% APR on the program, The lenders are currently charging you at least a 300% interest rate or even higher) That means that if you will end up paying back 3 – 4 times (or more) of the amount that you borrowed. This program stops that from occurring.
For Example: This program stops you from being forced to pay back $1,500.00 when you ONLY BORROWED $500.00 from the lender! You would make only be required to make ONLY ONE monthly payment to our office on a date of your choice; the payments are sent monthly to ALL of your payday loans/ installment loans and the payment is now applied at the reduced interest rate of 0%. As a result, the reduced monthly payment amount that is paid to your lenders on the program will come directly off the loan balance since the interest is at 0%.
You will receive proof of payment to ALL your creditors. *If you are trying to resolve any online payday loans, we can provide you with proper guidance in stopping the lenders’ payments currently being drafted from your bank account. It is VERY important that you understand that THIS program is very different than the majority of debt relief programs. Negotiations ARE NOT required to be performed on your behalf with the creditors on THIS PROGRAM. Your accounts are not required to going to 3rd party collection agencies. Your creditors receive payments every month.
This is one of the ONLY programs that you will find on the internet in the debt relief industry that pays your lenders monthly and most importantly, the reduced monthly payment is considered an ACCEPTABLE amount by the lenders.
What if I am Currently Behind in my Payments to the Payday Loan/ Installment Loan Lenders?
This program stops all further debt collection efforts as well as late fees and most importantly stops ALL of the interest charges.
Will I be harassed at my Place of Employment or will the Creditors Call my Employer?
No. You will not be harassed by your creditors at your place of business or at your home when you are on the program. There is no reason for any type of debt collection efforts or your employer to be contacted by the lenders since the lenders are getting acceptable reduced payments every month. You are not putting yourself at ANY risk in order to resolve your debt struggle through the program.
Could I Get Sued or Get my Wages Garnished if I was to Enroll into this Program?
No. This program is already approved by the creditors. The REDUCED program payment amount that each creditor is now receiving MONTHLY is considered an acceptable amount by the creditors since they dictate the reduced amount based on your loan balance.
How does the Payday Loan Consolidation Process Work?
After the date of your enrollment, your creditors are contacted and the interest rate reduction process will begin. The interest rates on your accounts will be reduced by your creditors. You will be required to make the quoted program payment consistently each and every month. Your payment is then disbursed each and every month to ALL your creditors. The payments are then applied to your accounts every month at the reduced rates on your revised program plan.
As a result, you will be able to retire your debt promptly as well as save a substantial amount of money in interest in your total debt payout.
How does this Program differ from the other Debt Relief Companies that I See on the Internet?
The majority of programs found in the debt relief industry are programs that settle or negotiate settlement amounts with the creditors.
In order to negotiate and achieve a settlement offer from a creditor, the account normally would need to be in default status or worse, placed with a collection agency. Your debt is not paid on a monthly basis in that type of program.
As a result, you run a very high risk of being sued or your wages garnished by the creditor during the negotiation process.
There are no negotiations required to be performed on your behalf with the creditors on THIS PROGRAM.
THIS PROGRAM is already designed with working arrangements/guidelines that have already been set in place with the creditors.
On a settlement type of program, your creditors are NOT PAID monthly. Your accounts are required to be placed in collections so that they can be settled.
As a result, you would be subjected to: collection calls to your home, place of business, potential calls directly to your employer, as well as calls to your personal references if you choose to enroll into a settlement type of program.
THIS PROGRAM does NOT require the debt to be placed in collections. You creditors receive payments every month on THIS PROGAM.
Negotiation companies will explain that the amount of your payment each month is placed into a separate bank account ONLY TO SIT IN THAT ACCOUNT UNTIL THERE ARE ENOUGH FUNDS SAVED TO SETTLE ONLY 1 ACCOUNT AT A TIME. ALL OF YOUR ACCOUNTS WILL FALL BEHIND AND EVENTUALLY THE ACCOUNTS ARE PLACED WTH 3RD PARTY COLLECTION AGENCIES.
If your money is placed in a dedicated bank account each month and IS NOT being paid each month to your accounts, how is that a safe plan????
How Does This Program Help Me to Save Money and Resolve Credit Card Debt?
Credit Cards reduce the interest rates down between 0-10% depending on the credit card. Each month your program payment is paid to your credit cards, the payment is now being applied to the card balance at the reduced interest rate. *As a result, you will be able to pay down your debt promptly, save a substantial amount of money monthly, as well as pay less money back overall. Most consumers were averaging a 25% – 29% interest rate on their credit cards prior to the program. *They now average an overall reduced interest rate of 6% as opposed to the high rate of 25% – 29% on their credit card accounts they were paying prior to their program.
What if I am Currently Behind in my Monthly Payments to My Credit Cards?
This program stops all further collection efforts as well as late fees and over-limit fees.
What is payday loan debt consolidation?
Payday Loan Debt consolidation restructures your existing debt with your existing creditors. Money is not loaned, and creditors do not change — but the terms and conditions under which the debt can be repaid usually improve significantly. Under our trusted debt consolidation plans, the monthly payment which is expected by the creditors is typically lowered. In most cases, interest due to the creditors is lowered — and sometimes totally eliminated.
A person qualifying for a payday loan debt repayment program will usually find they are making more progress towards reducing their debt even though they are making lower monthly payments. Since most creditors report payments received under this plan as prompt payment, the person’s payment history is usually improved by our
Why should I choose Federated Financial’s debt consolidation program?
Federated Financial was established in 1998 and has an A+ rating with the Better Business Bureau. Our goal is to place consumers on the right track regarding their finances, show them the correct way to manage their debt and teach them those skills so they last a life time. We understand the important monetary issues and challenges life can send your way and we are here to help.
Call 1-866-283-2722 or Apply Online Today!
Can Federated Financial help me?
You’re not alone and Federated Financial can help you, as evidenced by the fact that as we have helped countless others. Credit Card interest rates can be as high as 29%, and Federated Financial’s clients carry balances as high as $200,000, with our average clients’ debt being approximately $10,000.
Without Federated Financial’s help, it would take the typical client who makes minimum payments an average of 32 years to pay off their original debt. Federated Financial’s proven track record enables consumers to become debt free in much less time than they could on their own — usually within 3 to 5 years — with reduced monthly payments!
What are the benefits of a debt consolidation program through Federated Financial?
Our program combines two essential elements: The motivation to get out of debt and the ability to do so. Under such a plan, you make one convenient monthly payment to our partner companies, and disburse all funds to your creditors. Usually this payment is lower than current minimum payments, and it is always within your financial ability to pay. When we pay your creditors, it is almost always at a reduced interest rate, so your payments actually go toward reducing your debt.
Federated Financial program can help you:
- Lower your monthly payments
- Significantly reduce interest rates up to 50%
- Eliminate late fees and over limit fees
- Stop collection calls
- Avoid bankruptcy and legal escalation
- Easily manage your budget with one monthly payment
Consider the following scenarios for those now making only the required minimum payments without our help:
At an annual percentage rate of 17 percent and a minimum payment of 2 percent or
ten dollars ($10), whichever is greater:
A five thousand dollar ($5,000) balance will take 40 years and two months to pay off at a total cost of sixteen thousand three hundred five dollars and thirty-four cents ($16,305.34);
A two thousand five hundred dollar ($2,500) balance will take 30 years and three months to pay off at a total cost of seven thousand seven hundred thirty-three dollars and forty-nine cents ($7,733.49); and
A one thousand dollar ($1,000) balance will take 17 years and three months to pay
off at a total cost of two thousand five hundred ninety dollars and thirty- five cents
Because we can generally arrange for repayment at greatly reduced interest rates, our clients typically retire comparable debt in a fraction of the time, often within three to five years!!
How does Federated Financial partners, obtain lower payments?
They have established relationships with many of the major lending institutions and credit card companies who have agreed to either reduce or eliminate an individual’s interest charges and late fees. It should be of interest to you that we may be able to substantially lower your interest rates and decrease your monthly payments accordingly.
Call 1-866-283-2722 or Apply Online Today!
Can medical and hospital bills be included in a debt consolidation plans?
Our partners work directly with these types of creditors on an ongoing basis. We contact them immediately, and are usually successful in negotiating much better terms including lower payments and rates.
Should I consider filing for bankruptcy instead of joining your program?
Filling bankruptcy should be your last resort in solving your financial difficulties. Although it may help you now, it will hurt you in the future. If you choose to file bankruptcy, be prepared to accept the unfortunate consequences. It will appear on your credit report for at least ten years. In addition, it can be reported for the rest of your life when applying for certain types of state licenses, jobs, and loans. Before you consider filing bankruptcy, give yourself one last chance to obtain financial freedom.
Why shouldn’t I apply for a home equity loan or debt consolidation loan to pay off my creditors?
Most people like this idea, as they receive a check to pay off all their creditors almost immediately. In addition they are told that the interest payments are deductible.
What these companies don’t tell you: There is an important difference between “Debt Consolidation” and a “Debt Consolidation loan”. Payday Loan consolidation loans turn unsecured debt into secured debt. Payday Loan Debt consolidation loans usually require some form of collateral, such as the family home. A very large majority of people who apply for these types of loans end up in deeper financial trouble than they were before. The reason this happens is because these loans do not reduce the amount you owe. In addition, you jeopardize your two most valuable assets – your house and your family. It won’t be long before your credit cards are maxed out to their limit once again. The only difference is that this time you will have two types of loans to pay off: your credit cards and the home equity loan. You will then be facing several unfortunate possible consequences, including bankruptcy and foreclosure.
Who should consider a payday loan consolidation & debt consolidation plans?
In general, anyone who can only afford to make the minimum monthly payments on their obligations should consider a debt consolidation program. There are many other signs of potential financial trouble, but the real guideline should be the impact it has on your life. If you are worried about your bills, you should get a professional opinion about your financial options. If you are currently behind on some or all of your payments, there is hope for your financial situation! Many creditors will bring your accounts current shortly after you begin a consolidation program. Usually one or two consecutive payments will bring an account current — no matter how far past due it is. If your account has already been charged off, is in collection, or even has a judgment filed against it, we can still set up reasonable payments.
Who is BSI, Big Solutions Inc
Federated Financial partners with BSI, a 20 year old 501 (c)(3) non-profit agency, to administrate the processing and facilitate lender relations for our Clients’ repayment programs.
Will My creditors work with your partners?
Our partners answer in most cases is a resounding YES! For more information, please contact us for a free quote.
Call 1-866-283-2722 or Apply Online Today!
What kinds of debt qualify for debt consolidation?
Many debts can be included in a debt consolidation program. Generally, most unsecured debt can be included. For example, credit cards, medical bills, department store cards, student loans, taxes and bank lines of credit are examples of debt that are frequently consolidated. Secured loans such as house payments or car loans usually cannot be successfully consolidated. (Note: Secured debt is debt that is secured by something tangible, like a house or a car. In other words, if payments are not made, the house or car can be taken away. In general secured debt should be paid before unsecured debt.) Also, any loan that has been cosigned by another person will require that the other person pay on the loan if you do not meet the original terms and conditions.
How can I dispute credit report errors?
Under the FCRA, both the CRA and the organization that provided the information
to the CRA, such as a bank or credit card company, have responsibilities for
correcting inaccurate or incomplete information in your report. To protect all your
rights under the law, contact both the CRA and the information provider.
First, tell the CRA in writing what information you believe is inaccurate. Include
copies (NOT originals) of documents that support your position. In addition to
providing your complete name and address, your letter should clearly identify each
item in your report you dispute, state the facts and explain why you dispute the
information, and request deletion or correction. You may want to enclose a copy
of your report with the items in question circled. Send your letter by certified mail,
return receipt requested, so you can document what the CRA received. Keep
copies of your dispute letter and enclosures.
CRAs must reinvestigate the items in question–usually within 30 days–unless they
consider your dispute frivolous. They also must forward all relevant data you provide
about the dispute to the information provider. After the information provider
receives notice of a dispute from the CRA, it must investigate, review all relevant
information provided by the CRA, and report the results to the CRA. If the
information provider finds the disputed information to be inaccurate, it must notify
all nationwide CRAs so they can correct this information in your file. Disputed
information that cannot be verified must be deleted from your file.
- If your report contains erroneous information, the CRA must correct it.
- If an item is incomplete, the CRA must complete it. For example, if your
file showed that you were late making payments, but failed to show
that you were no longer delinquent, the CRA must show that you’re current.
- If your file shows an account that belongs only to another person, the CRA
must delete it.
If you simply want a copy of your report, call the CRAs listed in the Yellow Pages
under “credit” or “credit rating and reporting.” Call each credit bureau listed since
more than one agency may have a file on you, some with different information.
The three major national credit bureaus are:
P.O. Box 9556
Allen, TX 75013
P.O. Box 740241
Atlanta, GA 30374-0241
Dispute Fax #: 1-888-826-0573
Trans Union Consumer Relations
P.O. Box 2000
Chester, PA 19022-2000
1-800-916-8800 (consumer relations)