Best Reviews TopConsumerReviews.com Best Business Debt Management Best Reviews
Best Reviews
      June 2, 2020

Home  >  Business Debt  >  National Credit Partners vs American Finasco

Best Business

Debt Management

  1. National Credit Partners
  2. Creditors Relief
  3. American Finasco
  4. Comm Debt Cnslng
  5. Wngr, Dgls & Green
  6. Goldman & Wise

Your Information Is Secure
50 Things Successful Business People Have in Common Newsletter

Compare Products

  • Select any 2 companies in our reviews to compare them head-to-head!

Latest Reviews

Bad Credit Loans

Buying Gold

College Textbooks

Investment Newsletters

MCAT Test Prep

Photo Books

Photo Cards

Salsa Clubs

Slipcovers

Structured Settlement Buyers

 

Individual Reviews

PCS Debt Relief

National Credit Partners

Creditors Relief

American Finasco

Commercial Debt Counseling

Wininger, Douglas & Green

Goldman & Wise

 

Our professional reviewers evaluate products and services independently, but Top Consumer Reviews may earn money when you click on the links on our pages. Learn more.

Better Business Bureau Reliability Seal

National Credit Partners vs American Finasco

Best Business Debt Management

To help you find the Best Business Debt Management, TopConsumerReviews.com provides you with an in-depth comparison of National Credit Partners and American Finasco.

To see ALL of our reviews for the Best Business Debt Management, please Click Here

Which company offers the best business debt management services? If your company is struggling to manage finances, you might be wondering if there's any way to get out from the weight of debts that threaten to crush your business. Even when the economy is flourishing, it doesn't always translate into more sales of your product or service, making it even more challenging to manage the day-to-day operational costs and long-term expenses associated with running a business.

There are many factors that impact business debt. Do you have a sufficient credit line to stay in business? How well are you managing receivables due in 30 to 60 days? You may be struggling just to get by and keep the lights on while still trying to grow your business.

Continue reading below reviews

Best Reviews

2020

Business Debt Management Reviews

4.5 stars
National Credit Partners

NATIONAL CREDIT PARTNERS

Visit Site

Cost:

FREE consultation

National Credit Partners has more than 20 years of combined experience when it comes to business loan modification, business debt relief, and other solutions for managing commercial debt. They take an individual approach to every case that comes their way - you won't find any cookie-cutter solutions for your unique business situation.

What steps should you take to work with National Credit Partners? The easiest way is probably to call their toll-free number, and they advertise 24/7 availability. Alternately, you can easily fill in their "instant savings quote". Although it says that you'll get an instant quote when you fill in your information, that's not accurate. Instead, we were taken to a "thank you" page that said we would need to call their toll-free number to get our instant debt savings quote. If you'd rather not enter your contact information or business details online, we suggest skipping directly to giving them a call. (That also saves you the time of having to wait for a callback after you submit the online form.)

National Credit Partners isn't accredited with the BBB, but the company still has a perfect "A+" rating there. In fact, that's the biggest reason this business debt management service ranks so high - because their site itself doesn't offer too many hints about what they do and how. But, we put our sleuthing skills to work for you and found that this service uses experienced negotiators, attorneys and mediators for almost every imaginable type of business debt issue.

One area of specialty we found that National Credit Partners offers is restructuring of Merchant Cash Advances (MCAs). These high-interest rate loans can get business owners in trouble in a hurry, with interest rates that can be as exorbitant as 400%. If you're stuck in an MCA situation, this provider has in-depth experience with restructuring and modifying this particular type of business debt.

Whether you need business debt relief, cash advance restructuring, business loan modification, or some other combination of business debt management. National Credit Partners stands at the ready to help. Of course, as with any provider, we encourage you to consider the details of your specific plan before making a commitment. However, with such a strong reputation with the BBB, this business debt management service can be trusted to develop a plan that works for your company.

Visit Site
3.5 stars
American Finasco

AMERICAN FINASCO

Visit Site

Cost:

FREE consultation

Fees depend on services provided

In business for over 30 years, American Finasco has a long track record of successfully helping more than 10,000 businesses with commercial debt management needs. With offices in Cleveland, Nashville, Dallas, Houston, Philadelphia and Raleigh, you may even be able to work with their specialists face-to-face, although the company easily provides services no matter where your business is located.

However, because they have very specific criteria to determine the companies they work with, you should determine if you're eligible to be a client before you dig further into their services. Do you meet American Finasco's client profile? Only if you're a "closely-held, under-capitalized corporation, with gross revenues between $500,000 and $100,000,000". In other words, for many smaller businesses, this isn't going to be a possibility for business debt management.

However, if your revenues do fall within that range, this is an excellent service for you to consider. American Finasco enjoys a stellar reputation, as demonstrated by an "A+" rating and accreditation from the Better Business Bureau. It's rare to find a company that has zero complaints filed at the BBB, but this business debt management service has that distinction.

American Finasco offers a long list of services that might be useful for your business. These include the following:

  • Commercial Debt Reduction
  • Alternative to Bankruptcy
  • Commercial Debt Management
  • Business Debt Relief
  • Business Debt Settlement
  • Merchant Cash Advance
  • Third-Party Intervention

We encourage you to click on the "Our Services" link for more detailed information about each of those services, to see which one(s) might be useful in your company's situation.

We also recommend that you look at the Case Solutions page on the American Finasco site. From a charter school in Arizona to an aluminum extrusion company in Texas and more, this company has proven results. Just browsing through a few of the case studies, you'll see savings over $100,000 almost every time, usually representing a reduction of debt in the range of 50-60%.

One big plus when working with this service is their National Attorney Network. Business debt management often has a legal component, so having connections with attorneys who can assist with any court filings, lawsuits, and other legal matters can be a lifesaver - especially since you won't have to pay a large retainer to get them to take your case.

Getting started is as easy as filling out their online contact form or calling American Finasco's toll-free number. If you'd like the representative to have some information prior to discussing your situation, the online form is your best option: you can enter how much unsecured debt you have, whether or not there are any lawsuits against you, how many months past due your debt is, and so on.

Let's say you've decided this is the right service for you. How does the process work? Once you've decided to use American Finasco for your business debt management, you'll be assigned an account executive who will be your guide through the whole process. This representative will review the steps that will be taken, gather any necessary information, and provide answers to any questions you may have.

American Finasco is reliable and extremely effective at providing business debt management. The only drawback is that they only serve larger businesses, which excludes a significant number of potential clients. But, if you own one of those higher-revenue companies and need help getting your debt under control, this provider is an excellent choice.

Visit Site

Continued from above

If any of this sounds familiar, finding a reputable business debt management service could be the light at the end of the tunnel. These services can help you avoid bankruptcy - so that you don't have your business assets liquidated and/or burned bridges with creditors whose good faith you may need in the future!

How does business debt management work? Providers work with your suppliers, lenders, creditors and other businesses to restructure what you owe - all while making sure to preserve your reputation with those third-party entities as much as possible, ensuring smooth relationships in the future. Some businesses see a debt reduction of as much as 80% when using the most effective providers!

When choosing a partner to help you manage your delinquent business debt, you want to make sure that you'll actually be better off after using the service. Your provider should be able to help you improve your bottom line, avoid bankruptcy, and keep your company intact. So, how can you tell which business debt management service is right for you? Here are several criteria to keep in mind as you look through your options:

  • Fees. Most services require you to have a consultation, usually at no cost, before providing details on what they can provide. Be sure to read the fine print and make sure you understand exactly what you're getting before you commit. Will you pay a fixed fee, or is it based on how much they save in restructuring your debt?
  • Reputation. What do other business owners say about their experience when using the service? Has the provider been evaluated by the Better Business Bureau?
  • Requirements. Some business debt management services only work with certain amounts of debt or companies of a particular size. Will your debt qualify for restructuring using the service you're considering?

TopConsumerReviews.com has reviewed and ranked the best business debt management services available today. We hope this information helps you get the resources you need to get your business back in the black and to give you peace of mind!

Wasabi announces $30M in debt financing as cloud storage business continues to grow

We may be in the thick of a pandemic with all of the economic fallout that comes from that, but certain aspects of technology don't change no matter the external factors. Storage is one of them. In ...

Published:  Thu, 28 May 2020 05:40:00 GMT



UK consumers repay record £7.4bn of debt amid Covid-19 lockdown

Analysts warn of divide between those hit hard by job losses and those whose finances benefit from enforced halt to spending ...

Published:  Tue, 02 Jun 2020 05:37:00 GMT



Rollback of lending rule creates virtual debt slaves | Commentary

A guest columnist writes that the rollback of a Consumer Financial Protection Bureau rule will let desperate people take out loans that can make them virtual debt slaves, renewing loans and ...

Published:  Tue, 02 Jun 2020 03:07:00 GMT



What is the US national debt, and how does it affect the economy?

U.S. national debt is surging because of the historic spending enacted by Congress to battle the economic fallout triggered by the coronavirus pandemic. The Treasury Department plans to borrow $2.9 ...

Published:  Mon, 01 Jun 2020 12:55:00 GMT



Small-Business Warning, Argentine Debt, EU Stimulus: Eco Day

Americas. Here's the latest news and analysis from Bloomberg Economics to help you start the day: ...

Published:  Fri, 29 May 2020 03:32:30 GMT



Can You Just Walk Away from a Debt-Riddled Business and Start Fresh?

For certain doctors, dentists and other highly skilled service providers stung by the economic fallout of COVID-19, that may be an option. But it comes with some dangerous pitfalls as well.

Published:  Thu, 28 May 2020 05:26:00 GMT



Greece will have euro zone's biggest decline in debt-to-GDP in 2021, finance minister says

Greek Finance Minister Christos Staikouras discusses national debt and the country's response to the coronavirus crisis.

Published:  Tue, 02 Jun 2020 02:04:00 GMT



China and the COVID-19 Debt Crunch

Why do they need debt? Just like individuals often can't manage to pay for university (student loans), a new business, or even a new home (mortgage) upfront, governments often need debt to pay for ...

Published:  Tue, 02 Jun 2020 01:11:00 GMT



Sinclair Announces Early Participation And Consent Results Of Private Debt Exchange Offer And Consent Solicitation Of Diamond Sports Group

PRNewswire/ -- Sinclair Broadcast Group, Inc. ("Sinclair" or the "Company") (Nasdaq: SBGI) today announced the early participation and consent results for ...

Published:  Tue, 02 Jun 2020 05:30:00 GMT



Share Us!   

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure