The most frequent obstacle we encounter when we talk to prospects as they consider becoming clients is the fear that what we are offering is “too good to be true”. I understand, as we do an exceptional job and deliver what seems to be the impossible.

Suffice to say, after thirty years of doing this we’ve got it down and we do deliver what we promise. Secured debt workouts, SBA-guaranteed loan workouts, preserving business and personal assets and reducing the personal guaranty to pennies on the dollar… that’s all good, and true.

Another area we work on for our commercial clients is their credit cards. Often, these are used for business purposes and sometimes to support personal life requirements as these business owners do not take a paycheck or they take an insufficient one. Thus, without much fanfare, we go to work on all our clients’ debt issues, focusing on the secured debt but also dealing with vendor debt, lease debt, landlords, and of course, their credit cards.

Because of our understanding of the system and our exceptional preparation for demonstrating why a high level of forgiveness is required (rather than just begging) we offer a more complete and professional approach, similar to what we use with the banks and their secured loans. When applied to the credit card companies the results are as expected: phenomenal.

We recently completed working out a few hundred thousand dollars worth of credit card debt for a client which resulted in an overall reduction of 83%! Now that’s good and it’s true. While we do not represent clients with only credit card debt, but rather handle the credit card debt for those clients who retain our services for bank workouts, we always do the best job possible, not settling for anything other than the lowest possible payout. 83% on large credit card balances is very, very good, well above the industry average.

We do the impossible every day. Call Norm for a no-obligation teleconference: 413-584-2581. We can discuss our strategies with you.