Second research for Final Project

Debt Settlement

Franklin Debt Relief specializes in debt settlement, also known as debt negotiation, a process by which creditors agree to a lump sum pay off for a reduced amount in full settlement of a debt. In other words, Franklin Debt Relief negotiates with a creditor and once a creditor agrees to sufficiently lower the amount that a consumer owes, we settle it with a lump sum payment. In turn the creditor agrees to report to the credit bureaus that the consumer no longer owes them anything. As an example, a client who owes $10,000 may pay as little as $4,000-$6,000 to settle the debt. When you consider the fact that interest was not accounted for, the savings are even more astronomical.

Debt Reduction

As one might expect, Franklin Debt Relief’s “New Deal” program is the cheapest and fastest debt reduction program available to consumers. Who qualifies for debt reduction? First, only unsecured debts are eligible for our plan. The most common unsecured debts are credit cards, medical bills, collections accounts, department store cards, and balances left over from repossessions.

Debt Relief

Another important qualification for our “New Deal” program is you must actually be in need of debt relief. That is, if you are not overextended and can pay back the debt without third-party help, chances are Franklin Debt Relief will not be of much help to you. Many of our clients are in need of debt relief because of a financial hardship. Being in a state of hardship is broadly defined and deals with a number of financially catastrophic events, from loss of employment and divorce, to overwhelming medical bills or anything else that may have caused a consumer to accumulate high credit card balances and been unable to pay them back. By strictly underwriting who qualifies for our debt relief program, we are able to save our clients much more money.

Avoid Bankruptcy

Many of our clients seek our services as a way to avoid bankruptcy. By lowering their monthly payment and debt amount, our clients are able to pay back what they can afford while avoiding the harsh consequences of a bankruptcy filing. Bankruptcy stays on your credit for up to 10 years and in legal records for up to 20 years. So even when you apply for a loan or job 15 years down the road, you may be obligated to answer “Yes” to the “Have you ever filed bankruptcy?” on a loan or job application. When you factor in the emotional consequences of filing, it makes even more sense for consumers to avoid bankruptcy.

Bankruptcy Alternative

Franklin Debt Relief’s “New Deal” is an innovative bankruptcy alternative for consumers struggling with excessive debt burdens. FDR’s “New Deal” offers the lowest monthly payment, shortest timeline, and least total cost of any alternative to bankruptcy. We guarantee savings or else we return our service fees.

Debt Negotiation

We’re confident that FDR’s “New Deal” program is the best solution for many consumers. However, we also understand that debt negotiation is not for everyone, so give us a call to see if you qualify and find out whether this program is right for you. If you aren’t eligible or our program doesn’t fit your situation, we’ll refer you to an affiliate that can better service your needs.