YOU HAVE BEEN SERVED
One of the things I love about our company is speaking to so many business owners every day. Their businesses offer a wide array of valuable products and services.
One of the things I love about our company is speaking to so many business owners every day. Their businesses offer a wide array of valuable products and services.
But the inability to pay has been around since the birth of alternative lending. There is no wide array of what the actions can be; usually it comes down to four common choices that most business owners make following a default. Which one will you make?
(Schedule a free consultation so that you won't be misled...and let our multi-dimensional company discuss your options with you.)
(Schedule a free consultation so that you won't be misled...and let our multi-dimensional company discuss your options with you.)
1. They Do Nothing
It is never a good idea to ignore a complaint.
If the complaint is not answered within the required time set by the court, the court may award a default judgment, which may then be sent to your state for domestication.
THE COURT DIDN'T HEAR YOU because you chose to ignore it! The judgment is often against your company, and you personally.
2. Hire A Traditional Lawyer
You hire an attorney from a well-known firm...at what cost?
You know you did not pay on a timely basis.
You hire a lawyer to defend you in court. Now what?
In the end, you will almost always have to pay what you owe the lenders anyway, then pay your attorney…AND then you may be ordered to pay the plaintiff’s legal costs also!
3. Hire a Debt Relief Company – NOOOOO…Don’t do it!
Debt Relief Companies are almost always not the answer!
Do not confuse DEBT RELIEF with debt restructuring. The two are very different. The typical model employed by debt relief companies is settling for pennies on the dollar, usually after some time has elapsed and the then the lender decides to cut their losses. What good does that do for your business? Your business may fall apart before the debt relief company is able to settle...and then who is ever going to finance you or your business again after you settle for a fraction of what you originally owed?
The cost of a debt relief company may be enough to bankrupt you! We can’t count how many merchants reach out to us after a failed attempt with a debt relief company. Even if you’ve engaged the services of a debt relief company, let us review it for you. You’ll be surprised when you learn at how much the cost really is.
4. Hire Us!
Essential professionals under one roof!
At PFA, we take pride in helping our clients succeed. A default is unsettling. A summons and complaint can be scary. Your sleep, focus and attention are all compromised. You are suspicious of trusting anyone who promises to help because you’ve been “burned” so many times.
Our team of legal and financial professionals will help you execute a plan that is agreeable with your lenders. It’s possible that through refinancing, we help you eliminate debilitating payments and help you get back to running and growing your business. Yes, we do refinance defaults.
What’s more…because we only have one reasonable flat fee, there is no uncertainty of how much you will end up spending.
We can help. Be informed before you make a decision. Schedule a free consultation with us. Hire a professional to review your business, make recommendations, and provide options and solutions to get your business back on track. Please contact us at info@phoenixfunda.com, or call 315-314-2426.
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