There is a private commercial finance company known as New Horizon Custodial Funding, LLC (hereinafter referred to as “NH”). NH developed a platform that enables the finance of outstanding debt and legal premiums, that enables individuals and business organizations to extinguish debt, restore and begin to rebuild personal and business credit.
Legal Counsel Plans, Inc., a Chartered Law Firm (hereinafter referred to as “LCP”) operates a nationwide network of attorneys that represent debtors. The nature of the representation is not only defense of claims brought by creditors and their attorneys, but also enables a debtor to file claims against creditors and their debt collectors LCP network attorneys provide free consultations and review of ALL DEBTS OWED. Upon conclusion of the evaluation, LCP provides a solution that involves the refinance or outright purchase of your outstanding debt and the services needed to accomplish these solutions.
In plain and simple language, an institutional buyer is buying pools of debt at a reduced rate from the original creditors or new owners of the loans. This enables the purchaser to settle with you at a significant discount and spread out over a longer period of time, while at the same time still earning a return on investment.
For example, if you owe $100.00 to Bank of America, the institutional buyer purchases your debt from Bank of America for $30.00 and then settles with you for $40.00. The institutional purchaser earns $10.00 on that particular transaction. Bank of America benefits because it does not have to sue you or spend the time and money to go through collection efforts.
We have all heard the saying that you need money to make money. Basically, this is people with money who are using the advantage of the bad economy to get creditors to sell debt far below their value knowing that you, the consumer, want to pay off your debt obligations as long as a reasonable settlement can be obtained which makes your debt affordable. In the long run, people with money get to make more money. Creditors get to avoid having to perform lawsuits and collection activities and you, the consumer and also business owners, get the benefit of a much reduced, lower debt to help you resolve your debt crisis.
Complicated problems do not always require complicated solutions. However, rarely is there a magic pill that seems to solve everything all at once. The opportunity to work with our debt buying and refinance funds, is simply another tool to be used in trying to bring some resolution to your debt crisis.
The development of this debt exchange is a win-win solution for debtors, creditors and investors. The system is well tested, as Lending Club and other crowd funding opportunities are being deployed in the marketplace. What sets us apart is the inclusion of an attorney to ensure that all parties to the transaction are protected.
