The Federal Reserve appears poised to push ahead with interest rate hikes that will increase the amount of money people must pay each month for everything from credit cards to car and home loans, and debt relief may be a vital lifeline for anyone struggling to cope.
Tens of millions of Americans live paycheck to paycheck no matter their income or location, and many find it difficult to find the cash they need each month to satisfy the minimum payment amounts on their loans – whether that’s secured lending against their assets like a house, or unsecured credit cards, or anything else. And they see no improvement in their near future.
The situation could become even worse if, as expected, the government decides to keep increasing interest rates. Any uptick in rates will be felt by borrowers when they receive their monthly statements asking for even greater payments. That’s where Rescue One Financial steps in, providing much-needed guidance for helping people to overcome this challenge.
“I’ve lost count of the number of people we’ve helped who said their situation felt hopeless, that they just keep paying the same money each month and never get closer to wiping out their debt,” says founder Bradley Smith. “Interest rate increases can seem like yet another setback. But we have the insight and skills to get rid of that debt, even in the face of soaring rates.”
The company, based in Irvine, California, has a team of more than 180 consultants. They support many people across the country every year in finally breaking out of the cycle of only just meeting their monthly minimums, but never seeing their loan balances decrease.
“When you’re struggling to keep on top of your repayments, something that you didn’t plan for, like an interest rate increase, can feel like the final straw, but it doesn’t have to,” he says. “Our priority is getting people to realize there’s always a path out of debt that will work for them. And our uniqueness is working hand-in-hand with them to craft a sensible, achievable solution.”
Smith has over 18 years of experience working in the financial sector, starting on Wall Street. He applies that in-depth knowledge to developing the company’s services that provide clients with carefully crafted strategies for conquering their debt and eventually escaping it.
Working with competence and compassion, Rescue One Financial engages with clients to learn all about their financial situation free of any judgment. The company’s experts assess the most feasible options, which can include a straightforward and highly successful debt relief program that not only helps people clear their debt but also rebuild their FICO scores.
“Nobody is safe from interest rates going up, it can mean lenders will require that you increase your minimum monthly payments on loans, credit cards, car notes, and mortgages,” says Smith. “But with the right assistance, rate hikes are just another problem that can be solved.”
Rescue One Financial’s success in helping clients get their finances in order, no matter how unpredictable the economy might be, is evident not only from the constant high praise it receives from clients but also from its numbers. The company is ranked 12th in the United States on the Inc. 500 for financial companies and manages about $2 billion of consumer debt in 31 states, and it has settled more than $750 million in unsecured debt since launching.