Golden Financial Services (GFS) is an IAPDA certified and accredited debt relief company, in business since 2004 and maintains an A+ Better Business Bureau (BBB) rating. GFS works with the top debt relief, settlement, and consolidation programs across the nation, allowing GFS to offer consumers the right program depending on each person's needs. GFS only works with companies that maintain a high BBB rating and companies that offer full transparency. GFS will also only work with companies that are experienced in dealing with potential downsides that can arise from debt relief options because all debt relief programs include downsides no matter what company a person uses. Downsides include a potentially adverse effect on credit scores, especially over the first year of the program with hardship programs, including debt settlement and validation since creditors are not paid monthly. There is a chance creditors can pursue legal remedies including litigation to collect on a debt. If a creditor attempts to sue a person while on a debt settlement program, the debt relief company will work to resolve the debt before the court date by settling it for less than the full amount or utilizing FDCPA violations to fight the lawsuit. It is important that clients don't get alarmed if they do receive a summons because any debt relief company that Golden Financial Services sets you up with, is experienced in dealing with these types of situations and if clients stay with the program in the end they can still be successful. In fact, many times when a client receives a summons it's fraudulent or inaccurate. Clients are obligated to send in any correspondence that they receive from creditors, including collection letters so that the debt can get resolved in the quickest possible time-frame. Late fees and interest can accrue causing balances to rise after joining a debt negotiation program, however, these fees get mitigated in the settlement at the time the debt gets paid. Debt settlement companies are not permitted to charge fees prior to a debt getting settled and at least one payment being made towards that settlement. Keep in mind, debt settlement companies don't pay creditors on a monthly basis, but rather in one lump sum payment after the debt gets reduced and the settlement is finalized. Monthly payments get deposited into an FDIC insured trust account, where funds continue to accumulate until it's time to pay a creditor a settlement at the reduced rate. GFS is not a credit repair company or bankruptcy attorney but may refer clients to a licensed credit repair company. With debt validation only third-party collection agencies are disputed, not the original creditors. Credit repair is included for no additional cost with the debt validation program and this program also includes a money-back guarantee if a debt is not invalidated or a summons is received. Debt validation programs don't pay creditors, instead each collection debt gets disputed and when invalidated does not have to get paid. GFS is not a law firm but may refer a client to a law firm to have their debt settled in some cases.
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