Personal Finances FAQ

Are you a lending company?

No, We are strictly a consulting firm with a focus on helping our clients build wealth and eliminate debt and achieve their financial goals.

Are you in the Debt Reduction Business?

No, That is not what we do. Most Debt Reduction services affect your credit in a negative way. If you are “successful” in a debt proposal your Credit rating is affected negatively for three years after you make the last payment. You Are left with an R7 rating.

Is this a form of Credit counseling?

No, we are not credit counseling , we help people who wish to help themselves.

What happens if rates go up, will I pay more?

While there is no guarantee that rates won’t rise, the Personal Banker program enables you to focus on the important aspect of the debt – The Principal – If rates rise and your debts are smaller, then you will only pay interest on what you owe and no more. This enables you to have control of your cash flow.

How long is the process?

The program can be set up immediately and the restructure program can take approximately 21- 60 days to complete the process once all the requirements are met – (Document Checklist).

Why include all forms of debt?

When you really think about it, Debts are Debts no matter if they are long term or short term debts ( The Short term debt really kills your cash flow). We include all of your debts in the analysis so you can see the overall effect of what being in debt really cost you and then provide you with the most effective plan to eliminate it.

What happens next?

If accepted then you will move on to our funding and legal team to accept your new payment schedule and sign off for completion.
You have positioned yourself on the road to Debt Freedom and Wealth Building.

But isn’t it about low interest rates?

No, it is about low interest paid. Most people who have a “low rate” mortgage do not realize that they are paying 67%- 75% of their monthly payments to interest.
Our Program focuses on least amount of interest paid. This enables you to get out of debt efficiently and focus your funds on building personal wealth.

Will this affect my credit in a negative way?

No, it will actually improve your rating.

Where does the money come from?

Funding comes from major banks and trust companies. The funding network is comprised of Broker and Bank networks that provide services nationwide.

Why can’t the bank do this for me?

The bank’s main activity is to make loans, and to sell loans. As long as you are a consumer without a plan the bank will not give you a plan, they just give loans. By having a clear, objective plan, you can get out of debt sooner and build wealth. Remember, it’s your money, your time and your future.