American Finasco Can Help Reduce Debt
Debt can be one of the most stressing aspects of running a business. Most business owners face it and some more than once. When debt comes into the picture, some business owners use their own savvy to get out of it. But sometimes, even the smartest of business owners can find themselves deeply in debt. If they let it go on too long, they could end up with an “Out of Business” sign on their door. American Finasco is a commercial debt management company that specializes in finding debt solutions for companies in debt. We have a proven track record for successfully negotiating debt for more than 6,000 companies nationwide. If you qualify, your debt is assigned to one of our account executives and then the creditors begin to deal with the account executive instead of you personally. This stops harassing phone calls, threats, litigation and any potential repossession. Letting American Finasco handle your debt also allows you the ability to have more ready cash available to address the needs of your business. This is also a cost effective way of reducing debt because with American Finasco, we base our fees on how much we reduce your debt. In addition, because we understand that all debt situations are not the same, we can customize our debt management program for the needs of the individual client. We can do a lot for businesses in debt at American Finasco Inc.. If you are a business owner who is facing debt, do not try to handle it on your own. Come to American Finasco and let our team of professionals see what they can do for you.
We Have Helped Many Clients
Since we started in 1987, American Finasco has grown to become one of the nation’s leading commercial debt management companies in the nation. We have earned this reputation because we have a 95 percent success rate in negotiating debt. Many companies have sought our services out and have departed in much better condition than they were before they came to us. One client in South Carolina had acquired $1.6 million in debt from previous companies during several corporate acquisitions. American Finasco was successful in negotiating with the creditors and ended up with an average of 65 percent payout including our fees. An oilfield company in Houston had lost numerous contracts because of the market decrease in the oilfield business. The company was then unable to pay suppliers and service creditor’s debt. American Finasco Inc. was able to save the company $1.7 million by putting settlements in place and the client did not have to file for bankruptcy. These are just a few examples of how we can work for you.
Our Commercial Debt Management Plan
Like most agencies, American Finasco has an effective plan that can net positive results. One part of the plan is the use of the National Attorney Network exclusive to American Finasco. For a much lower rate than most attorneys, these lawyers can file paperwork on your behalf and become the attorney on record for any suit filed against your company. Location is not a problem either. If you happen to be sued by a creditor in Illinois and you live in Texas, then American Finasco will have an attorney in Illinois to represent you. Also, we implement Third Party Intervention. Most creditors are happy to deal with third parties, because it shows that you are willing to pay your debt as best you can and re-establish your credit. Communicating is important in a debt situation. By simply talking about it, you can find solutions that you might have never dreamed you would consider. The plan at American Finasco has worked for thousands of clients and it can work for you, too. Contact American Finasco today to see if you qualify for the plan.
We Have an Experienced Team of Professionals
Negotiation is an art all of its own. At American Finasco, negotiating a reduction in debt is what we do best. In order to do that, we have assembled a team of highly-trained professional account executives who are experienced at negotiating and managing the debt reduction process. They have a combined experience of more than 30 years. Needless to say, they have more than enough experience in reducing debt for companies. Their experience can give companies a chance to turn things around in their favor, improve their cash flow and reduced their accounts payables significantly. The professionals at American Finasco have dealt with many creditors and their representatives. Because they usually see the same creditors, collection agents and attorneys, they have a huge advantage in the negotiating process. American Finasco Inc. will only employ the most qualified individuals to do the job. That builds trust between us and our clients.
American Finasco Has a Huge Success Rate
Clients that come to American Finasco should know that their chances of having their debts reduced are significantly high. American Finasco averages a 95 percent success rate in negotiating a reduction or a settlement for a client’s debt. We average a total cost of 60-65 cents on the dollar of the assigned debt. The reduced amount to the creditor and our fees are included in this average. This motivates us to find the greatest possible debt reduction possible.
We Are a Bankruptcy Alternative
Businesses that fall into debt sometimes think they can file for bankruptcy and their problems are solved. Before you consider filing for Chapter 11, you should know that new laws have made it extremely difficult for businesses to file. The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 states that a small business is defined as a business with $2,000 or less in debt. The law also requires additional paperwork as well as the appointment of a Bankruptcy Trustee. This trustee will see if your company has a plan to succeed. If they determine it does not, the bankruptcy could be moved to a Chapter 7 liquidation. This and other provisions make bankruptcy a less desirable option. One good option could be the American Finasco plan. It has worked for thousands of businesses and if you qualify, it could be just the plan you need to get out of debt.
American Finasco Clients
Most of the clients at American Finasco Inc. are a closely held, under-capitalized corporation with gross revenues between $500,000 and $100,000,000. Most of these clients are dealing with legal demands, collection agents, litigation threats and many other issues. This can distract them from focusing on their business operations. We have seen just about everything under the sun when it comes to debt negotiation. We have a team of independent sales representatives, full-time account executives and a professional administrative staff that are well-trained to negotiate debt. Businesses that need answers can usually find them at American Finasco. We have the right people working for us and they have proven that they can net positive results. Trust is very important, especially when dealing with a debt situation. You can put your trust in us and we work hard to find you a satisfying debt solution.
We Have Handled Many Debts
The team at American Finasco has successfully negotiated debt for many clients. We have handled debts for vendors, creditors, suppliers, delinquent trade payables, collection agencies, equipment leases, liquidations, lawsuits and judgments. Do not let your debt result in a bankruptcy. Before it even comes close to that, call American Finasco and see what we can do for you in terms of debt reduction. For more, log on to www.americanfinasco.com.
