23 YEARS IN BUSINESS A+ BBB RATING

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Who are we? Federated Financial, who are we? How and why did we get here, and how did we manage to stay?

Interesting questions. But the answers might surprise you. Money matters, helping people and dealing with creditors was something that I was always interested in. After my divorce I considered myself the king of debt! Most men and women reading this can probably relate. I felt lost, helpless and useless. I also felt like a bad person owing so many people so much money. I didn’t make enough money to pay all my bills. That was back in 1984. We had no internet to look up the things we can find today. Credit counseling consolidate debt bill consolidation payday loan consolidation. Although I don’t remember payday loans back then in the 80s I’m sure they were out there. I didn’t care where I got the money from as long as I got it. I was deep in debt and it sucked. I had a great business idea and a way to make money in my head and I borrowed some money from my father to take a shot. I was fairly successful. I did very well in the business that I chose and made enough money to pay my bills, to pay my creditors and not to have my creditors call me specifically because I had no creditors anymore. So between 1984 and 1994 I became debt-free. I was in the video business and owned video stores. We know how that worked out. How do you spell Blockbuster! All of a sudden the money dried up. Bills came in and there was no way to pay them. Who could keep up with a company that big? They were a money generating machine.  All they did was figure out new and really innovative ways to create cash for their burgeoning business. Their stores basically became little cash generating movie theaters except you took the movies back to your house. That’s the beginning . Companies like these pushed the little guys out and caused them to go bankrupt. Me included. that was the beginning though, the beginning of let’s watch our movies at home, save a lot of money and not pay all that ridiculous amount of money for refreshments. It was the start of what we do today which is stream at home. Yes we all stream at home now and we don’t even buy something that’s tangible. We are paying for something that we can’t see except if we turn the television on. It’s interesting. I was out of work, and though I wasn’t broke, I knew I would be in about a year. I needed to have an income . A steady income. I had one for 10 years. Love don’t pay the bills! I did a lot of soul searching and thinking about how I could make money. I also knew that being in the video business and having four stores I had created lots of good feelings and joy for people. That made me feel good. I decided that I wanted to create something that saved people money. Something that kept people out of debt. Something that did not allow people to get to deeply into debt. I decided all that based on my own experiences of divorce and debt that I mentioned before. I didn’t know how to go about it. I didn’t know what I could create that would put me in a position where I could actually help people eliminate their debt and eventually get out of debt. A lot of ideas are great but they require creativity and lots of thought. I knew there was a need. If there’s a need there has to be a product created to meet the need. In this case a product for people to get out of debt and stay out of debt hopefully for the rest of their lives. Two years pass and I realized that I was running out of money. I had enough money to pay my bills and lay out one lump sum to create a business. I was driving down in fort Lauderdale one day and saw a sign on a billboard. GET OUT OF DEBT RIGHT NOW! There was an 800 number right underneath. I wanted to know how they got people out of debt right now. This is what happened next.

 

As soon as I got home, no cell phones back then at least not one I could afford, I called that company. They really did get people out of debt. They were a nonprofit credit counseling agency. Interestingly my first thought was, what the hell is a nonprofit credit counseling agency? What is credit counseling? What is a 501c3? How did they help people get out of debt, by counseling them? Then I started to think is this like therapy? So I went down to the library, remember those people? I went down to the library and did some research and then I understood. They were the gold standard at that time. Not for profit credit counseling agencies were the gold standard for getting people out of debt and that was not a good thing. I didn’t know that it wasn’t a good thing when I was learning about their business but I quickly realized that they operated under rules and regulations that were dictated by the government and consequently couldn’t hire quality staff to get the job done. So now, we have a need and we have a product. What I needed was the ability to make a deal with the creditors. We were still at the dawn of the internet and snail mail was King. I spent 6 months calling and writing to Banks and asking them what their criteria was to work with me and after a certain amount of time I knew what had to be done. My problem was being in debt. I hadn’t worked in a while . I knew this would work. I was so confident that I took a second mortgage out on my home. I knew one thing . I knew for this to work for the consumer I had to have the absolute most qualified people working with me and teaching me. I wanted attorneys. I wanted attorneys with financial backgrounds who had the ability and the gumption to stand up for their clients. I found a few and in January 1998 I Incorporated FederatedFinancial.COM Services Inc.

By |2020-12-19T11:20:23+00:00December 19th, 2020|Categories: Advance Loan Consolidation, Current Events|Tags: , , |Comments Off on Who are we? Federated Financial, who are we? How and why did we get here, and how did we manage to stay?

Why let Federated Financial consolidate your payday loans?

When I go out to buy a car, I walk into the showroom and ask for the most experienced salesperson there. I want to do business with a person who’s worked at that dealership for a long time. About now, perhaps you’re thinking isn’t this a payday loan debt consolidation website? Yes of course it is, but the analogy is pretty simple. That salesperson with tenure, who I am about to torture has been there for a long time for a reason. He has a loyal customer base that every three years will come in and release a car. He treats people with respect and honesty. If he didn’t he wouldn’t last at any dealership because eventually, nobody would want to do business with him. He has product knowledge. Working at a job for a long time provides you with that knowledge, and makes you continually learn what’s going on in the industry with your particular products. This car salesperson wants me to come back in 3 years when I’m ready for a new car. He’s a long-term player. I’m sure the analogy has become clear

Federated Financial is the best at consolidating your payday loans. They’ve been doing it for 23 years with an A+ rating bestowed upon them by the BBB. Honesty and integrity provide you with an experience that you’re not going to get from a startup or a company that hasn’t dealt with your creditor’s thousands of times before. When a creditor gets correspondence from us, telling them that Federated Financial will be handling your payday loan debt, your creditor understands that it’s dealing with an old established company with years of industry experience. It makes it easy for us to deal with your creditor, consequently, you benefit by the terms that in most cases we’re able to negotiate for you. Most of the time we will have your creditor work with us to reduce your interest rate down to 0%. That’s usually a reduction of somewhere between 200 and 700 points. That’s right. Interest and fees in some cases can run you up to 700% annually. Lowering your interest rate to zero, ensures you get out of debt in the quickest amount of time with the lowest monthly payment possible. Payday loans are tough. Especially in these times, it’s understandable why some people have to turn to them. If you are experiencing extreme payday loan debt please, fill out the form at the top of our page or give us a call during business hours. You will speak with a certified credit counselor who understands your situation and your needs. Your certified counselor will explain this program to you from a to z and if you feel that it’s something that will work for you as it’s worked for hundreds of thousands before you, you’ll start relieving your payday loan debt today. Federated Financial treats its clients like family. It’s because we care.