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Golden Financial Services is a referral services organization which refers people looking for loans, bankruptcy, mortgages and debt management plans. Included is free counseling and consultations for all of our clients. Golden Financial maintains a record of zero unresolved complaints by referring clients only to licensed agencies which adhere to the constantly changing laws.
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This is one of the more popular methods to getting out of debt. Debt settlement is used by debtors to negotiate a settlement of an existing debt at a much lesser amount. A proper debt settlement requires skilled negotiating to convince the creditors to reduce the debt amount to get something from the borrower instead of forcing the borrower into bankruptcy. Our servicing company deals with over half a billion dollars(US) of debt per year! Our Customer Service department has a membership with the USOBA! |
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This is a popular plan for clients that have had some type of identity fraud. Inaccurate, negative information usually results from sloppy reporting from both creditors and the credit bureaus. Credit Restoration helps client to remove all inaccurate information in their credit reports. |
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A loan modification is the negotiation of your existing mortgage to make the terms and payment affordable for you. The modification process is focused on your ability to make the revised payments and comply with the modified terms for the mortgage. Many of the things that will disqualify you from doing a refinance will qualify you for doing a mortgage modification. A high Loan-to-Value in today's market will make it difficult for you to refinance. But that same high LTV will help you get a modification because it helps establish that you have a hardship. |
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This option is your last alternative. We do refer certain clients for this option depending on the severity of your situation. There are two primary types of personal bankruptcy: Chapter 13 and Chapter 7. Each must be filed in federal bankruptcy court. Chapter 13 allows people with a steady income to keep property, like a mortgaged house or a car, that they otherwise might lose. In Chapter 13, the court approves a repayment plan that allows you to use your future income to pay off a default during a three to five year period, rather than surrender any property. After you have made all the payments under the plan, you receive a discharge of your debts. Known as straight bankruptcy, Chapter 7 involves liquidation of all assets that are not exempt. Exempt property may include automobiles, work related tools, and basic household furnishings. Some of your property may be sold by a court appointed official a trustee or turned over to your creditors. You can receive a discharge of your debts through Chapter 7 only once every six years. Both types of bankruptcy may get rid of unsecured debts and stop foreclosures, repossessions, garnishments, utility shut offs, and debt collection activities. Both also provide exemptions that allow people to keep certain assets, although exemption amounts vary. Note that personal bankruptcy usually does not erase child support, alimony, fines, taxes, and some student loan obligations. And unless you have an acceptable plan to catch up on your debt under Chapter 13, bankruptcy usually does not allow you to keep property when your creditor has an unpaid mortgage or lien on it.
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Copyright 2009, Golden Financial Services All rights reserved |
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What We Do