Golden Financial Services Discusses the Future of Debt Settlement

March 10, 2012 - PRLog -- Paul Paquin, CEO of Golden Financial Services, states that "Debt Settlement at one point was thought of as the new way to make money, and the new business to come into from the defunct mortgage brokerage Industry."  Providing debt settlement services has seemingly become old hat, so one would say, but another would say it’s time to advance, expand, and evolve.  In the past we’ve seen too many consumers hurt, sued by their credit card companies, all while paying astronomically high fees to debt settlement companies to settle debt that didn’t get settled.  

The good news is that Golden Financial Services - http://www.goldenfs.org provides the consumer with an attorney, and all the necessary tools to defend themselves from the court system. With this said, then have we fixed that problem?  Then again "problem” is a dangerous word in itself.  Since a problem can only exist if a solution is not an option, then let’s just say if we find a way to battle the obstacles that one had when doing debt settlement, then is debt settlement now a viable option?   If the creditors win, and the consumer wins, then we have a win.   If it’s mutually beneficial, then it’s a viable product.  That all equals out to one thing, and that’s “doing the right thing!” Enrolling consumers into the program who truly qualify, whereby it’s feasible for their budget, and they have income to support their program over the next 36 months, if they are on a 3 year plan.  

How does debt settlement work and why should I work with Golden Financial Services?  http://nomorecreditcards.com/debt-settlement/

The national average default rate, as January 2012 stood at 28.6 percent, and 609.8 million credit cards were held by U.S. consumers.  Consumers need to be better educated, and that is the first priority.  The credit card companies will not educate them beyond what their required to disclose.  So who will?

Folks, a track record is where credibility begins.  Since debt settlement is needed when a consumer has no other options, it’s been found that Golden Financial Services has nearly a decade’s worth of credibility.  
http://nomorecreditcards.com/about-us/debt-settlement-bbb/

At the end of the day, it can feel great to help consumers with their credit card debt. Just the penalty fees from credit cards are in or around $22.5 billion.  Talk about high fees.  This still goes on, despite the fact that the credit card companies are also regulated through the credit card act. The good news is that consumers have debt settlement to assist them when in need.   With the strict laws that were passed, now consumers can enter into a debt settlement program, and not have as much risk.  

The other option is for a consumer to file bankruptcy.   Sure, bankruptcy is a necessary evil for some people, but it really should be avoided, and only a last option. When you file for bankruptcy, you’ll find that the next 5 years aren’t fun, as creditors want nothing to do with you. Or if you do get approved for a car loan or home loan, you will have the highest interest rates allowed by law.  

You can also enroll into a credit repair program, and possibly get the bankruptcy removed, but it’s unlikely. You can generally count on 3 to 5+ years before you have companies willing to give you credit again, and even then you’ll pay the highest interest rates until you prove that you can pay your bills making you credit worthy.

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Golden Financial Services is partnered with over 200 attorneys regulated by the STATE BAR in 48 states. The attorneys affiliated with our firm have over 12 years of legal experience in different areas of the law.