Debt Settlement Case Study: How CBC Settlement Funding helped their client to become debt free
CBC Settlement Funding helped Virginia become debt free
“The most powerful force in the universe is compound interest.” - Albert Einstein
Credit card debts, medical bills, cell phone payments and other unsecured debts were weighing Virginia down. She owed over $17,000 to her creditors, was struggling to make just the minimum payments every month and there was no end in sight.
Then one night she saw a commercial for CBC Settlement Funding and decided to give them a call.
“My monthly annuity payments were barely enough to make my minimum payments each month; luckily my rep from CBC had an idea,” said Virginia.
Virginia’s representative suggested that CBC Settlement Funding could negotiate a debt settlement with her creditors reducing her overall debts in exchange for a lump sum payment. She could sell some of her future annuity payments to CBC for a cash lump sum payment that would be sent directly to her creditors.
Virginia decided to take a chance on CBC Settlement Funding. They were able to negotiate with her creditors, saving her $11,000 in the process.
“Calling CBC was the best decision I made. I was able to become debt free and get back on my feet,” Virginia exclaimed.
While Virginia’s story is an amazing one, the results are not typical. Some creditors may not be willing to negotiate as aggressively as hers did. However, if you are struggling financially due to unsecured debts it may make sense to consider debt settlement.
If you have an annuity or other periodic payments and wish to gain access to your future payments to secure a debt settlement, give CBC Settlement Funding a call. We will discuss all the options available to you and help you determine if selling your future payments is right for you.
This article is meant to illustrate a possible benefit of selling your structured settlement payment stream. Every individual’s financial situation is unique. CBC Settlement Funding and its representatives do not provide financial, legal or tax advice. You should consult a qualified financial, tax, and/or legal professional for advice and information concerning your particular situation.