Did you know that the Burea of Labor Statistics discovered that the failure rate for small businesses across the majority of industries is 20% in their first year? Have you been contemplating applying for business loans, but aren’t sure if it’s the best decision to make for your business? If you’re looking to learn more about …
According to the Federal Reserve, nearly 60% of business owners apply for financing support to help them get their new venture off the ground. Are you considering joining their ranks? If so, you’ll have plenty of options to choose from. Today, there are more ways than ever before to gain access to the funds you need to …
According to insights, 29% of business failures are due to a lack of sufficient capital. This is also the second most common reason businesses go under. If your business needs a capital injection, getting a business loan can be a good solution. Business loans hold a number of advantages over other methods of raising capital. However, business loans …
It’s happened. You are busy with a client and a debt collections agent is suddenly on the line. Embarrassing though this may be, you are not alone. According to reports, 28% of Americans have a line of credit that has gone to collections. If you are having to deal with receiving a collections notice in front of …
Statistics from a recent Federal Reserve survey state that 43% of small businesses applied for loans in 2019 alone. It is often said that you have got to have money to make money. Taking out a business loan can provide you with the cash injection you need to boost your business to new heights. However, if business credit starts …
*Debthunch offers some of the smartest debt consolidation, payment consolidation and debt resolution solutions available through our national network of licensed consumer finance partners that provide a specialized array of diverse financial products and services. Debt Consolidation Loans: Licensed consumer finance partners we match you with may not be able to extend credit if after your application they determine that you do not meet the criteria required to be approved for a debt consolidation loan. Financing approval is subject to a variety of factors including, but not limited to, age, credit history, credit scores, acceptable income, debt-to-income ratio and collateral. Interest rates, Annual Percentage Rate (APR) and payment terms may be determined based on the above factors. Debt consolidation loans are not offered in all states. Debt consolidation loan interest rates range from 5.25%-29.99% APR and loan terms range from 12-84 months. Payment Consolidation and Debt Resolution: There are no upfront fees charged by Debthunch licensed partners for payment consolidation and debt resolution services. Use of said services historically reduces outstanding debt balances by 50% of what is owed to creditors before fees and 65%-75% including fees for those who make all payments and complete the entire payment consolidation and debt resolution process. Fees usually range between 15-25% of the qualified debt balances selected for said services and are only charged by Debthunch licensed partners after payment consolidation and debt resolution services have been completed. Fees are deferred with a zero interest extension of credit until said services are completed. Displayed percentages are estimates based on historical results for Debthunch partners and are to be used for illustrative and comparative purposes and do not represent a guarantee or that your results will match those displayed. Use of said services may have an initial adverse impact to credit rating, which may be followed by a rebound and favorable impact to credit rating as qualified debt balances are paid off to lenders. Debthunch partners providing said services do not assume debts, make payments to creditors or provide tax, bankruptcy, accounting, legal advice or credit repair services. Use of said services may result in collections or lawsuits by creditors or collectors and may increase outstanding balances due to the accrual of fees and interest during the debt resolution process. Debt amounts forgiven by creditors as a result of using said services may be subject to income tax. However, all accrued fees and interest are resolved when the debt resolution process is completed. Payment consolidation and debt resolution services are not available in all states and fees may vary by state. Read and understand all agreements and documentation prior to contracting with Debthunch partners for said services.
