Regardless of which stage you are in, one common benefit that applies to each stage is that we immediately contact the creditor, collection agency, or attorney to open the lines of communication to start to mitigate the situation and slow down the collection process. Constant, and effective, communication is one of our biggest assets.
We can help your company the most if you are just beginning to fall behind on bill payments. Being proactive at this stage will allow us to do more for your business, saving you time, stress, and potentially thousands of dollars. Some characteristics of this stage are:
Waiting to seek help at this stage can lead to your account being handed over to a collection agency, which will harass your business with collection calls, call other vendors or even your landlord. Even worse, you could face a lawsuit for not repaying your debt, which will increase the debt you owe because of attorney fees, interest, and court costs.
By enlisting our help at this stage, we are able to prevent additional collection expenses, like collection fees from collection agencies, accrued interest, attorney fees and court costs, from being added to your account. As Certified Debt Negotiation Specialists, we are typically able to negotiate a better deal for your business at this stage, since it is the earliest stage and your creditors are most willing to work with you at this point. We can also work to smooth over the business relationship if you are interested in continuing to work with that vendor.
Delinquent debt at the falling behind stage is much less damaging to your company’s credit than debt at further stages. At Fuselier, we can help you get control of your cash-flow and develop a plan to manage your increasing debt load and get your company back on track financially.
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We have employed Fuselier & Associates on several occasions to help us manage our accounts payable. They do what they say, get the job done, and have performed beyond our expectations. Dr. Jean and his team truly became associates.
Collection agencies can harass your company with phone calls that add to the stress of being unable to pay your debts. Constantly dealing with these agencies can take from the time you are able to devote to actually running your business. Some characteristics of this stage are:
Waiting to get help can make your situation even worse. Oftentimes, a collection agency only has a specific amount of time to collect on a debt. If you still haven’t resolved your debt by the end of this time period, the creditor will usually file a lawsuit. After that, you’ll owe even more money because you’ll be responsible for interest, creditor attorney fees and court costs.
Seeking our help at this stage means that it is still early enough to avoid costly litigation expenses. We take over and negotiate with the collection agency (or agencies) on your behalf to lower your debt, so that you can get back to running your business and spending your time focusing on revenue-driving activities, rather than dealing with harassment. At this stage, we can also provide a financial plan to help your business get back on track.
Delinquent debt at the collections stage can be damaging to your company’s credit, but at Fuselier we work to lower your debt amount and develop a plan to manage your debt repayments, getting your company back on track financially.
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Great Settlement. Thank you so much. You guys were awesome and I greatly appreciate all that you have done for me.
This stage of debt can be one of the most difficult to deal with. Facing a debt collection lawsuit from a creditor probably means that they have tried to resolve your debt through a collection agency but have been unsuccessful. Some characteristics of this stage are:
If you do not respond to a lawsuit once you have been served, you will end up with a judgment. A judgment will allow the creditor to recoup their loss, often through the repossession of assets like equipment, property, vehicles and inventory.
Getting our help at this stage means that you might still be able to avoid costly legal fees, because the majority of the time we are able to negotiate and have them waived. We work to negotiate structured settlements that you can afford under your current financial position. Creditors can be more difficult to work with at this stage than at earlier stages. However, Fuselier & Associates Financial has the industry experience, and staff expertise, to secure a reduced settlement at this stage of debt helping our clients to avoid a judgment, which is a legal document a creditor needs in order to begin the collection process. Judgments adversely affect the credit of your business and your personal credit and allow the creditor to seize your assets as part of repayment.
At Fuselier, our goal at this stage is to prevent a judgment, reduce the amount of debt owed, and negotiate a payment plan that you are able to afford.
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Thank you so much for the outstanding settlement your company was able to put in place for the lawsuit that was filed against me and my company. I am amazed at the 68% savings you were able to secure along with 60 months to pay off the settlement. Your professionalism and expertise were well on display with the way you handled our account, now I can concentrate on generating business. Your company provides a wonderful service that has really helped me get through this difficult time as well as saved me a lot of money on the debt and legal fees. I would absolutely recommend your services to anyone who wants to save a lot of money and focus on getting their business back on track.
The judgment phase is by far the most critical debt stage. Even if your debt case has reached judgment, it isn’t too late. You should take action immediately to negotiate your debts and seek financial consulting. Some characteristics of this stage are:
Waiting to address a judgment makes it more likely that the creditor will freeze bank accounts, place liens on property and try to repossess valuable assets.
At this stage, we can help you address the judgment and negotiate a settlement. However, your debt amount is the greatest at this stage because the judgment has awarded the principle amount as well as prejudgment interest, postjudgment interest that accrues, and legal fees. We devise a plan to tackle your debt and keep you in business.
Once you are in this stage, Fuselier works to reduce the judgment amount, negotiate an affordable payment plan, prevent the forfeiture of assets, and prevent bankruptcy.
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I would like to take this opportunity to thank you for the services you provided my company. I am thrilled with the 72% savings you were able to get for my company on the judgment you handled for us. I no longer have to worry about the judgment being executed for the full amount! Your staff was very professional in handling our account and took the time to understand our situation. I really enjoyed working with your staff and I would without a doubt recommend your services to anyone experiencing financial difficulties. Thank you again for handling our account with such professionalism.
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