Financial Debt Solutions provide consumers a way to solve their debt issues. Golden Financial Services educates and assists consumers with finding the right financial debt solution based on their individual situation.  Some consumers simply need education on how to lower their balances on their own and how to pay less interest.  Other consumers need financial debt solutions such as debt management, debt settlement and even bankruptcy at times.


Financial Debt Solutions and Credit Card Relief Options Video

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Debt can be accumulated by borrowing money, unexpected expenses that come up, medical conditions and hospital bills can lead to debt.  Banks giving consumers high credit limits on their credit cards and consumers using that credit unnecessarily on items that they want and not need can also lead to  consumers accumulating high debt.  It’s easy to accumulate debt, but not as easy to find the right financial debt solution to pay off debt.

Golden Financial Services focuses on financial debt solutions and helping consumers with being proactive about their financial situations.  It’s important to first identify why consumers fell into their hardship situation or how they accumulated their debt.  After identifying how consumers accumulated their debt, then it’s time to move forward finding the right financial debt solution.   While assisting Americans with their financial situations, Golden Financial Services believes that education is the key to preventing consumers from falling into the same path again in the future.  Financial debt solutions can help consumers to reach total debt freedom, but without education consumers are likely to accumulate debt again in the future.

Summary of Financial Debt Solutions

Option One

Pay off credit cards by paying double the minimum payment.   Paying double the minimum payment can be a financial debt solution in itself.  The reason why is because when paying minimum payments only consumers can be paying on credit card debt for the rest of their life.

Sometimes it’s not feasible for consumers to pay double on their minimum payments due to their income, job loss, unemployment, salary decrease; other unexpected expenses may have come up and for many other possible reasons.  Paying double the minimum payment can also help with a consumers credit score.

Option Two

Debt management or debt consolidation can be a viable financial debt solution.  Of course there are pitfalls with debt management, like with all financial debt solution programs.  

Debt management is a good plan for someone that is just looking to get a lower interest rate and pay off their credit cards in a faster time-frame, than if they were to continue paying minimum payments on their own.  Debt management does put a third party notation on a consumer’s credit report and the plans can last on average from 4-5 years. 

Therefore a debt counselor at a non-profit consumer credit counseling company or one of the best debt settlement companies will fully analyze a consumer’s financial situation, budget, job situation and many other factors.  

Option Three

Debt settlement or debt negotiation is the preferred financial debt solution by many consumers due to it being the fastest way to pay off their debt, while saving the most amount of money.

When choosing a Debt Settlement Company it’s important to choose a company that is a debt settlement BBB A Rated Company, which has been in business for at least 5 years and has 0 unresolved complaints.

The best debt settlement companies will have over a 5 year track record in the financial debt solutions industry.  A company that has over a 5 year track record will likely have more experience and leverage with the creditors, than a company that has been in business for only 2 or 3 years.   2 or 3 years in business is not enough time for a debt settlement company or any financial debt solution company to establish a proven track record due to consumer plans lasting for at least 2 to 3 years.  How many graduated clients can a company have that has been in business for only 2 years?

Debt settlement can be the most challenging financial debt solution for consumers, but the most challenging program is what will produce the greatest rewards, saving consumers the most money and time over any other financial debt solution.

–  Beware of companies that quote consumers a 70%-80% reduction on a debt settlement program.

–  Fees are included with debt settlement.

–  These results are just estimates and can vary.  See examples of settlement letters.

Financial Debt Solutions are only a step away at Golden Financial Services.  The first step to resolving your unsecured debt issues is to read and get educated.  Debt Enrollment Specialists at Golden Financial Services can assist you with taking the next step and starting on the financial debt solution that is right for you.