Results 1 to 4 of 4
Threaded View
-
01-11-2022, 10:07 PM #1
- Join Date
- Jan 2022
- Posts
- 6
Fund Debt Settlement Deals
I am a consultant working with several clients who got involved w debt settlement companies - they didn't realize how it really worked...
Does anyone work to consolidate / refinance multiple positions (up to 4) for clients working w a debt settlement company? For what it's worth, this DS company does insist on full repayment, just over a modified extended term.
I know this could be tricky; these clients have defaulted, not a ringing endorsement. But I do a detailed analysis of their company, operating practices, and financials. I only work w clients who can actually pay back the money they've borrowed. It's just that a debt settlement deal doesn't solve their problem - it buys them a little more time, but with the debt settlement fees, they are prob worse off.
I am NOT a lender, not a broker, not an ISO. I need to find a way to restructure clients' balance sheets with a debt service plan they can handle. In most cases, a 12 month term (at a middle-of-the-market money factor) will work.
Looking for anyone who wants to consider consolidating or even just willing to share thoughts / advice where to go...
Thanks
Similar Threads
-
Debt Settlement Companies are Getting OUT OF CONTROL
By ryan $ in forum Merchant Cash AdvanceReplies: 7Last Post: 05-14-2019, 04:26 PM -
Business Debt Settlement
By jdlaw in forum Merchant Cash AdvanceReplies: 15Last Post: 01-16-2019, 04:26 PM -
MCA Debt Settlement
By RogueCaliISO in forum Merchant Cash AdvanceReplies: 3Last Post: 01-30-2017, 08:44 AM -
Debt Settlement Program
By FSB in forum Financial ServicesReplies: 0Last Post: 10-19-2015, 04:13 PM