Unlike our competitors we have custom tailored a state of the art proprietary software system, giving us the leverage to restructure corporate debt with volume in bulk and efficiency in order to eliminate our client’s debt loads drastically. This makes the debt restructuring process very stream-lined for business debt creditors to accept low settlements in bulk which becomes very appealing to their bottom line. This is a major advantage for our clients because it allows us to get them low settlements at an affordable restructure payment plan to improve their business cash flow. Creditors and other debt vendors would much rather restructure corporate debt in this bulk manner because it makes more sense to them financially and improves their bottom line. Over the years we have developed key relationships with upper management level employees at some of the largest business debt creditors in America, this allows them to look at our offers in bulk more carefully and timely to make them a top priority.
We aim to settle all debts for as little as possible, and historically settlements average $.43 on the dollar. Our goal is to save the merchant as much as possible on the overall debt enrolled.
Program length could be anywhere between 12 and 20 months depending on the total debt enrolled and the amount per month the merchant is able to set aside for settlements. Advanced Financial Services uses the settlement savings account to negotiate best possible settlements with the creditors. All settlements are memorialized in a settlement letter, are legal binding, and take into account any UCC filings.