Fast Track Debt Relief doesn't disclose their fees for debt settlement: The average debt settlement fee is 15% to 25% of settled debts, but Fast Track doesn't disclose its fees or offer any type of fee range for debt settlement.You can use the company to create a debt settlement plan, but it will also give you advice on debt consolidation. Debt settlement and debt consolidation loans are offered to clients: Fast Track also stands out because it focuses on more than one debt relief option for consumers.Can help you settle debts for 30% of what you owe or potentially even less: Debt relief examples on the company website show how clients have settled debts for 30% of the amounts they originally owed, and sometimes less than that.Live chat available if you prefer to get some of your questions answered online: Most debt relief companies don't offer a live chat option, but Fast Track Debt Relief does.Free evaluation can help you walk through potential solutions to help you get out of debt: Like other debt relief companies, Fast Track Debt Relief lets you speak with a debt specialist who can help you determine your next best steps.By contrast, debt consolidation via a personal loan can actually increase your credit score because you'll reduce the amount of revolving balances you owe. You won't pay less than you owe on your debts with a personal loan for debt consolidation, but you can save money on interest compared to what you're paying now.ĭebt settlement can cause damage to your credit score because you stop paying your bills while you save up the cash to settle your debts. Repayment terms are offered from 12 to 84 months, which could be enough time for you to pay down all the debts you owe. Its origination fees are from 0% to 4% of the loan amount. This company does not disclose its debt settlement fees, but it shows many top settlement examples where consumers have settled their debts for 30% of what they owe or less.įast Track Debt Relief also offers debt consolidation loans with interest rates from 3.99% to 29.99% APR, including autopay discounts. Fast Track Debt Relief gets to work negotiating your debts on your behalf when you have enough money saved up to reach your debt settlement program goals. First, this firm offers debt settlement, which is a type of debt relief that asks you to stop making payments on your bills and save your money in a dedicated savings account instead. You can review our list of the best debt relief companies to learn which firms ranked the highest.įast Track Debt Relief is unique in that it offers more than one potential debt relief solution. Fast Track Debt Relief is not one of the top-rated debt relief companies we profiled in our internal study.
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