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      March 24, 2019

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American Finasco Review

Best Business Debt Management

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Is your business swimming in debt? You're not alone. Business debt balances are at an all time high. A slowing economy and the jobless rate have severely impacted sales - but not necessarily reduced business expenses.

Many businesses are struggling to get by and continue business efforts while managing significant debt. Staying in business means you have access to a credit line and have cash flow sufficient enough to continue to operate. With receivables due 30 to 60 days it can be a challenge to juggle the financial aspect of any business right now.

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Best Reviews

2019

Business Debt Management Reviews

3 stars
American Finasco

AMERICAN FINASCO Visit Site

Cost:

Administrative fee and Commission based on savings

American Finasco, Inc. is a commercial debt management company that has been in business since 1987. Located in Houston Texas, American Finasco works with clients that have gross revenues between $500,000 and $100,000,000. A member of the Better Business Bureau, American Finasco employs independent sales representatives, and a full-time Account Executive and Administrative staff to help stressed companies improve their chance of a successful business turnaround. A National Referring Attorney Network is also available to handle legal matters for clients legal fees are charged at a reduced rate.

To get started a telephone interview is conducted to verify information regarding your company's financial condition. American Finasco will contact your creditors, collection agencies or attorney to allow clients to receive immediate relief from creditor pressure.

There is an administrative fee and retainer upon engagement with American Finasco. Settlement fees are based on a percent of the savings to the client. Overall, the average American Finasco client pays only 60-65% of their debt load, including fees. Of course, each case is different and you may save either more or less than this amount.

American Finasco has been an accredited business with the Better Business Bureau since 1991. They have earned an A+ rating and have zero outstanding complaints.

American Finasco appears less customer service oriented as the focus of the website describes what they provide versus how they'll help you meet your goals. We also had some concerns with the amount of net revenue required to work with American Finasco, and if that would meet the majority of businesses looking for relief.

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Continued from above

While bankruptcy seems like an easy solution, don't be fooled. Filing bankruptcy may mean the judge could liquidate your business assets - and your creditors may never be willing to lend to you again. Instead, many businesses today are getting help with their business debt in order to turn around their financial picture.

The companies they turn to can provide assistance negotiating with creditors, businesses, and suppliers in order to get your company back on the right track. The best providers are sensitive to maintaining positive business relationships with those important vendors that can make or break your inventory.

When looking for a company to help your business come out of debt, it's important that you select a company that is going to do a good job of reducing your business debt and not leave you worse off. You'll want a company that helps you obtain an effective solution to your delinquent business debt, help return your bottom line to a profitable financial status, and avoid business bankruptcy.

When looking for business debt management there are certain factors to consider in order to have a positive result. Some of these include:

  • Cost. Does the company charge set fees? Or do they base their commission on how much they save you?
  • Requirements. Does the company require a certain level of annual sales as well as a specific size of debt to work with your business?
  • Guarantee of Services. If you aren't satisfied with the service received, can you exit the program quickly and easily?

TopConsumerReviews.com has reviewed and ranked the best business debt management services available today. We hope these reviews help you find the right solution to make your business strong and viable again!

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