Debt Analysis

At Siler Financial Group our mission is to help our clients decrease debt and increase personal wealth. We accomplish this by:

• Analyzing our clients’ current financial situation
• Working with creditors to reduce interest rates
• Developing a customized plan to pay off creditors more efficiently
• Managing our clients investments
• Seeking additional wealth building products for our clients
• Educating our clients in the skills needed to secure their financial future

Here are the steps to rescue you from credit despair:

1. First of all, you will speak with your personal financial concierge to review your debt history and you will receive a welcome packet to fill out and return.
2. When we receive the documents back we will schedule a consultation to begin the Debt Analysis discussions with your creditors.
3. Upon conclusion of the rate reductions effort we will produce your customized analysis showing your Debt Analysis plan and your financial plan to turn your debt into wealth.
4. The Debt Analysis process should take two to four weeks and your financial plan will work for as long as you want to build wealth.
5. Lastly, we will take a look at your existing assets to see if they can be re-allocated to suit your needs, goals and risk tolerance.

You’re Not Alone!

Many people with credit card balances only make the minimum payments. Making the minimum payment on a $4,800 balance (average balance of U.S. cardholders) at the average annual 17% interest rate, it would take you 39 years and seven months to pay off. You would pay $10,818.63 in interest alone, and a total of $15,619 for the privilege of charging the $4,800! Most consumers do not realize that 60% of their minimum payment goes to the credit card profits, 40% to the debt.

We look forward to assisting you to become debt free! Let us take your burden so you can take back your credit.

 

Benefits

Keep your credit score in good standing

At SFG we position our clients to maintain and strengthen their credit score. It takes a lifetime to build up your credit and one simple mistake to flush it down the drain. Often times, financial hardships will cause people to consult debt counselors to provide solutions. The result is clearing the debt with an excessive charge and a horrible mark against your credit. Let our firm work with your creditors to decrease your interest rates and protecting your beacon score.

Good credit is important to:

• Secure home loans
• Keeps car insurance rates low
• Buy or lease a automobile
• Get lower interest credit cards Poor credit can
• Increase rates on loans
• Disqualify you to be hired at certain companies
• Prevent you from moving into apartment complex

Poor credit can:

• Increase rates on loans
• Disqualify you to be hired at certain companies
• Prevent you from moving into apartment complex

How to manage the unmanageable

At times debt can get out of control. Unfortunately, this does not stop our monthly bills from coming in, not to mention the unexpected emergencies that seem to unfold at the worst times. Most families live paycheck to paycheck and having a line of credit is essential to survive. Let our team get to work to unlock the financial handcuffs the credit card companies’ force on you and your family.

Bankruptcy – Not a solution

Consumers that have gone through this tragedy often focus on the positives of their situation to cover up their embarrassment. Yes, the debt is gone and so is their freedom for the next 7 to 10 years. Most people do not know what options they have to eliminate debt.

At SFG our goal is not only to avoid the extremes like bankruptcy, but also to build your wealth. With our proven financial program, we can reduce your debt efficiently while maintaining your credit so you never have to consult a lawyer. We look forward to releasing the stress of debt with a cost efficient alternative to bankruptcy.

 

FAQs

Q. Is this debt consolidation?

A. No. Debt Consolidation takes all your accounts and wraps them up into one payment for people that let there debt get out of control. They force their clients to give up their credit cards and pay a third party to manage the payments to their creditors. There are no quick fixes when it comes to your finances. This negative mark will remain on your credit report for 7 years.

 

Q. Will this eliminate my debt?

A. Yes, as long as you stick the financial plan we put in place. Unlike other programs, this program strives to reduce your debt rather than transfer it around.

 

Q. Is this a credit counseling program?

A. No. counseling programs can take up to 6 years or longer to complete and your debt is not reduced. You still pay back 100% of the debt you owe plus interest.

 

Q. Will this program lower my beacon score?

A. No. Since you are paying off creditors the score will stay the same or increase.

 

Q. Will I need to apply for a loan to consolidate my bills?

A. No. As you will see in your customized analysis and payment plan, you will not need any additional funding.