Every day we are saving our clients thousands of dollars.  Just look at the most recent settlements for one of our local clients in Orange County.  They will be debt free in less than 6 months.  We can help you save this much money too!

This client had an original balance of $3,488.33 and we settled the account for $600!  Yes, that's 17% of what was originally owed.

Another account had a balance of $10,743.65 and we settled that account for $1,700.00.  That's 15.8% of the original balance.

The third account had a balance due of $5,523.37.  The settlement we obtained was for $900 which is 16.2% of the original balance.

These settlements have saved this one client $16,555.35!!!  That's a whole lot of dough in addition to the fact that he is no longer sinking farther into debt.

If you are struggling with credit card debt and would like to be debt free, give one of our experts a call and see how our program and can help you too!  877-332-8730

see the actual settlements here:

http://www.firstratedebtsolutions.com/debt-settlement-samples/debt-settlement-a.pdf

http://www.firstratedebtsolutions.com/debt-settlement-samples/debt-settlement-b.pdf

http://www.firstratedebtsolutions.com/debt-settlement-samples/debt-settlement-c.pdf

The government’s historic bail-out of mortgage giants Fannie Mae and Freddie Mac should bring some much-needed stability to the mortgage crisis. But the move may not help all homeowners. Those who are already behind on their payments or who owe more than their homes are worth may still be in trouble. Those who have been “holding on” and hoping for some relief may be in luck.

Foreclosure rates in 2008 have hit record highs as homeowners who couldn’t make their payments walked away from their homes not knowing what else to do. But if you’re in financial distress, foreclosure isn’t your only option.

If you can’t make your payments, don’t wait until it’s too late to look for help. If you own a home, that’s your first priority. A foreclosure will stay on your credit report for years and Fannie Mae has already announced that it won’t back or guarantee a loan for you for five whole years from the time to default on your current mortgage. If at all possible, keep making your house payments! Your home should be your first priority and refinancing or renegotiating your mortgage may be a possibility with the bail-out.

The down-turn in the economy is affecting millions of Americans and if you are one of them, we have options for you. At First Rate, our highly qualified financial consultants can help you with your home loans, credit card debt, and help you find the program that will get your finances back on track. If you have excess credit card debt, we can help you pay it off for a fraction of what you owe and getting rid of that debt may be just what you need to save your home. Contact our experts today for a free evaluation.

As we approach the presidential election in November, we are sure to hear more about the big issues facing Americans today.  One issue that is not receiving as much attention as it should is health care and the sky-rocketing costs of  both insurance premiums and all other costs associated with medical care.

These costs can escalate to a crisis level if you have any type of major illness, accident or emergency.  And while the rising medical costs tend to really affect seniors (who can afford it least), no one is immune. With insurance companies paying less and less on each claim, any sudden accident or illness can have devastating financial impacts. Even when you are insured, a major accident or illness can cost far more than you can pay. For the uninsured, the costs are exorbitant.

Many Americans are finding themselves in debt with medical bills they can’t pay off. Often times, the situation is compounded by the fact that they were out of work during the time of illness and may have lost wages as well.

Medical debts are the leading factor in one out of every 20 bankruptcies. Typical health care debt is $25,000.  The typical victim is a senior on a fixed income. The typical scenario: pricey prescriptions bought on high-interest credit cards.

Don't let medical bills send you to bankruptcy.  You can settle those debts, get them paid off, and get your mental, physical, and financial health back on track!

America is a nation in debt. We love to buy and the mass marketers spend millions every year trying to convince us that we need the newest, biggest, and best of whatever it is. They guilt us at Christmas into “keeping the retailers happy". But in the end, not everyone can pay all that debt off.

Studies show the average consumer is exposed to more than 3,000 marketing messages every day. In the last decade, it's been estimated, solicitations jumped from 1.52 billion annually to 4.29 billion.

The credit card companies really don’t care if you ever pay off your cards. In fact, they prefer you don’t. They make billions, yes with a “B” every year on interest. Last year, the credit industry made $43 billion in interest. If you pay that debt off, their income goes away.

Late last year, revolving debt — an estimated 95 percent of it from credit cards — reached a record high of $943.5 billion, according to the Federal Reserve. The annual growth rate of this debt increased steadily in 2007, reaching 9.3 percent in the last quarter, up from 5.4 percent in the first quarter.

The amount of debt that is delinquent — in which minimum payments are late but the accounts are still open — also appears to be on the rise. The Federal Reserve found that 4.34 percent of the credit card portfolios of the 100 largest banks that issue cards was delinquent in the third quarter of last year, up from 4.07 percent in the previous quarter. Charge-offs — accounts closed for nonpayment — also grew in that period, and banks expect charge offs to continue rising in 2008.

Welcome to our new blog!