How It Works
With Start New Financial’s expertise and experience, coupled with our empathy and integrity, you’re in the best hands if you’re serious about becoming debt-free; because we have a great debt resolution program in debt settlement just for you.
Understand the Concept
How does debt relief work with Start New Financial? Understand that our program is specifically designed for consumers who are dealing with any financial hardship, and who are serious about resolving their debt. Our program works because Start New Financial negotiates with your creditors to significantly reduce your debt. Debt relief (also referred to as debt settlement) is not bankruptcy or a loan. It is a common business practice for resolving unsecured debts, i.e. debts that do not require collateral.
Develop the Plan
The Start New Team will represent you starting on day one. We will develop a plan that works best for YOU. Your plan for debt relief will start with a complete debt analysis, including what you owe, your monthly expenses, and the amount of your monthly income. The purpose of this analysis is so that we create a program payment that you can realistically afford to make every month. For many consumers, the program payment amount can be as much as 40% less than the combination of the minimum monthly payments that had been being paid to the enrolled creditors.
Execute the Plan
We will work together to get this done! Debt relief is a team effort!
What YOU do:
Make Your Monthly Program Payments – Make your monthly program payments into a special purpose savings account. This is easy because we will help you establish this savings account and set up the program payments to draft automatically from your personal account, on a day of your choosing. These deposits are the source of money our team will use as leverage to negotiate and pay settlements to your creditors.
Stay Engaged and Communicate – Stay in constant communication with our team. You will have access to customer service representatives via telephone, email, and text. It is important to let us know if and how creditors attempt to communicate with you, particularly what a creditor puts in writing, i.e. mail correspondence. We will also provide a personal customer web portal that you may access 24 hours a day, 365 days a year. Your online dashboard will provide full transparency to your program in that you may review all your transactions, get updates on the negotiation status of your enrolled accounts, and view upcoming program deposits and payments.
What WE do:
Negotiate With Your Creditors – Our established relationships with your creditors enable us to settle your debt. We understand the type and amount of leniency that your creditors are often willing to offer to consumers dealing with a financial hardship. Once you have accumulated sufficient funds in your special purpose savings account, Start New Financial will begin to negotiate with your creditors on your behalf. For example, if one of your enrolled accounts is a $10,000 credit card, our goal would be to get your creditor to agree to accept less than that, possibly $5,000, to consider the account resolved. As you continue to make your monthly program payments, funds will continue to accumulate in your special purpose savings account, and Start New Financial will continue to reach out to your creditors to negotiate settlements on your remaining enrolled accounts.
Keep You Informed and In Control – When Start New Financial negotiates and achieves settlements with your creditors, we make sure to document and review them for accuracy. Then, we will present the settlement to you for your approval. You will have the final say as to whether to accept the terms of the settlement our team has negotiated. Once you have approved a settlement, our team will schedule the appropriate payments to your creditor in accordance with the terms of the settlement you have approved. Always remember, Start New Financial does NOT charge any upfront fees. We never charge a fee until we are able to successfully resolve one of your accounts, and have your approval.
Support, Support, and More Support – We will be with you from start to finish, and we’ll work until you are satisfied with your results. Because this process may be new to you, it may seem like a difficult or complicated undertaking, but we are here to help answer questions and provide guidance. Start New Financial takes a very proactive and hands-on approach to customer support. We try to anticipate your questions or needs and reach out, instead of waiting to hear from you. Start New Financial is one of the larger negotiators of debt in the nation, which means we have the knowledge and experience to provide the support you’ll require for success.
Get a Free Debt Assessment
Simply fill out the form and one of our debt resolution experts will contact you. Soon, you’ll be on your way to a debt-free life!
OUR CREDENTIALS
Please note that all calls with the company may be recorded or monitored for quality assurance and training purposes. *Clients who are able to stay with the program and get all their debt settled realize approximate savings of 46% before fees, or 25% including our fees, over 24 to 48 months. All claims are based on enrolled debts. Not all debts are eligible for enrollment. Not all clients complete our program for various reasons, including their ability to save sufficient funds. Estimates based on prior results, which will vary based on specific circumstances. We do not guarantee that your debts will be lowered by a specific amount or percentage or that you will be debt-free within a specific period of time. We do not assume consumer debt, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services. Not available in all states. Please contact a tax professional to discuss tax consequences of settlement. Please consult with a bankruptcy attorney for more information on bankruptcy. Depending on your state, we may be available to recommend a local tax professional and/or bankruptcy attorney. Read and understand all program materials prior to enrollment, including potential adverse impact on credit rating.