Financial Tools

At SFG, LLC our mission is to give our clients the guidance and tools they need to decrease debt and increase personal wealth. YOU CAN DO THIS!

• Start with your current financial situation (the YOU ARE HERE on your financial map)
• Work with creditors to reduce interest rates and close accounts if needed
• Develop a plan that pays off creditors as quickly and efficiently as you can
• Follow that plan
• Educate yourself in the skills needed to secure your financial future

Here are the steps to rescue you from credit despair:

1. The first step requires that you be completely honest with yourself about your situation
2. Detail all of your income and all of your expenses (non-debt related). Now you know what $$$ you have to work with in eliminating your debt.
3. List all of your unsecured debts. The balances, the available credit, the interest rates.
4. Determine which cards are best and which are worst.
5. Call your creditors and negotiate rate reductions. Establish plans that lower your debts and allow you to rebuild your credit over 4 – 5 years. It seems like a long time, its longer if you are still struggling at the end. Let's fix this.
6. It took years, probably decades to establish the debt… It will take weeks or months to get yourself back on track. Be patient with the process.
7. Stay with the plan.

You Are 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

Our plan positions 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. You Can Do This! shows you how to work with your creditors to decrease your interest rates, while 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 from being hired at certain companies
• Prevent you from moving into certain 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 You Can Do This! 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.

Our goal is not only to avoid extremes like bankruptcy, but also to build your wealth. With the proven financial program at You Can Do This!, we can help you to 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. These consolidators 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. But it will not erase your debt. That requires a settlement is the worst way to get rid of your debt. A settlement is a write-off that stays on your credit history for years.

 

Q. Is this a credit counseling program?

A. No. This is a program that you use to make the best use of your resources. It gives you the distilled wisdom of decades of experience dealing with these institutions and gives you details about how to make it work for you.

 

Q. Will this program lower my beacon score?

A. No. Since you are paying off creditors the score will stay the same or increase. There are several factors that affect your score aside from simply how consistently you pay off your unsecured credit card debt. Those factors including usage and debt to income ratio will only improve your score over the coming months and years.

 

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

A. No. You Can Do This! is a plan that helps you use the resources you have to pay off your debt as quickly as you can. Borrowing more money will NOT be the answer.