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The following are testimonials from a few of our clients and/or attorneys who have worked directly with our firm in solving company’s debt problems. Since our clients are always assured of complete confidentiality, we have not given the company’s name. We have however, had a number of our clients volunteer to be a reference for our service and we would be glad to arrange for you to talk with them after our initial contact.

 

From an Oil Services client in Texas:
“When we were first contacted by American Finasco, our company was facing over $6 million in past due accounts payable and we were facing numerous lawsuits and judgments from creditors. In the first three months after hiring American Finasco, they settled $1,400,000 of past due debt for $680,000 including their fee.

"We must admit that we had some concerns as to whether they could handle an assignment of our size and deal appropriately with the many lawsuits and judgments. We have been pleasantly surprised on all counts. American Finasco has not only handled our account very promptly and professionally, but has also produced a financial result far greater than we anticipated. In fact, by the end of the assignment they settled 4.5 million of our debt at a total cost of 2.5 million, or 55% of our initial debt.

"By the end of their assignment, they had dealt with over 500 vendors. We can highly recommend their service to any size company experiencing problems with past due accounts payable.”

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From the President of a Gift Catalog Company in Maryland
"I would like to extend my appreciation to American Finasco for the outstanding results of the service that was provided to my company.  I discovered American Finasco through their website during my search for an organization that assisted commercial businesses experiencing financial distress. We assigned 127 creditor claims that totaled $315,643.00.

"American Finasco settled $292,148.00 of these creditor claims for $59,393.00.  In addition, all the creditors' calls to my company, which contributed to our already stressful situation, ceased once American Finasco contacted them on our behalf.   I highly recommend American Finasco's debt resolution services to other companies experiencing financial difficulties and needing assistance with their accounts payable debt."

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From an Attorney in Dallas, TX:
“I have worked with American Finasco for the past eight years as an attorney of record for their many clients in Texas. I have found first hand that their debt management program is extremely effective in helping companies regain their financial health. The combination of the company’s professional approach and experience in handling settlement negotiations with a diverse group of creditors is invaluable in obtaining a realistic solution to their clients aged debt”

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A Medical Clinic in Illinois:
“This communication will tempt to serve as a testimonial to the excellent performance of American Finasco towards debt management of outstanding delinquent accounts concerning my former medical center.

"We engaged your services almost a year and a half ago, and I have been impressed with your professionalism, timeliness of execution while taking into consideration the various sensitivities of our providers.

"I have no hesitation in recommending your firm to any party that may wish to engage your services as far as their debt resolution is concerned.”

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A Steel Fabricator in Illinois:
“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. October 20, 1992, 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.”

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A Telecommunications Company in Utah
"As CEO of an expanding telecommunications company in Utah, I can without reservation recommend the debt restructuring services of American Finasco. They are continuing to successfully reduce our accounts payable and relieve our cash flow, allowing me to concentrate on new product sales and international expansion. They have demonstrated professionalism and integrity in communicating with my staff and our creditors. To date we have received benefits of their efforts by savings of $123,945.00 and reductions of 54%.

"I was referred to American Finasco by a major factoring investment company and have recommended them to other business owners. I would encourage you to consider the benefits of their program and what it can also bring to you and your company."

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A small business in Grand Rapids, Michigan, that replaces damaged glass on automobiles assigned one claim with a high profile yellow page advertising company. This advertising endeavor was not only unsuccessful but the client felt the aggressive yellow pages’ salesman had been deceptive in promises on return of the ad, automatic renewal of the ad, and appearance of the ad.
American Finasco was successful in settling this lawsuit claim, with a total cost to our client of 59%. The claim was assigned to an attorney who answered the lawsuit providing the negotiator additional time to settle before a judgment could be filed.
   
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