An Ohio company that manufactured moldings made a decision to cease operations but did not want to file bankruptcy. The client assigned 48 unsecured vendor claims with a volume in excess of $203,000.00. The client had funds available to settle of 60% of the volume assigned and wanted all claims settled within 90 days.
American Finasco was successful in settling 93.6% of the claims within 15 weeks. The total cost to the client for this project was 47% with savings of $75,714.08.
American Finasco is truly a marvel. To my knowledge, I have never dealt with such an efficient, smooth running operation. It was when I almost hit rock bottom; I still recall the day you made the call to my office offering your assistance. we met, discussed our financial situation, and almost two years later I can happily say we show a profit rather than a loss.
Thank you for proving to us that we don’t have to quit when times get rough.I am being very optimistic when I say we will no longer require your services, however, if ever needed, you will always be highly recommended to any of my colleagues regarding commercial credit counseling