Fidelity Debt Solutions Blog | Fidelity Debt Solutions

Fidelity Debt Solutions Cautions Over Debt Consolidation Programs

Fidelity Debt Solutions — Wed, 30 Sep 2009 03:50:00 GMT

Fidelity Debt Solutions, a debt settlement company headquartered in Southern California, has issued a cautionary statement about credit consumers looking to consolidate their credit card debt. With more and more Americans struggling to keep up with their payments, many are resorting to debt consolidation plans or borrowing from one credit card to pay another. Fidelity Debt Solutions warns against such tactics, which may potentially make matters worse for consumers in the long run.

“Consolidating all your debt into one monthly bill may seem like a great idea, but we urge consumers to be careful," said TJ Belfanti, chief operating officer for Fidelity Debt Solutions.

“In all too many cases, we see individuals ending up with higher monthly payments due to higher APRs and lack of discipline when credit becomes available on the old cards after the consolidation process,” he said.

Many debt consolidation programs also involve second mortgages or home equity loans, when individuals put up their homes as collateral. Fidelity Debt Solutions says this strategy can be dangerous because consumers are giving up unsecured debt for secured debt and can potentially lose their homes for non-payment.

If one does feel a consolidation loan in necessary, Fidelity Debt Solutions advises credit card consumers to close out their old accounts after the consolidation takes place to avoid using the cards again. Belfanti noted that many times, those who fall behind again after a consolidation end up paying off one line of credit with another.

“You are essentially robbing Peter to pay Paul,” he said. “It’s a shell game that eventually catches up with people.”

Fidelity Debt Solutions offers consultation and multiple programs for consumers in such situations and works with those who are struggling to keep up with their credit card payments in the current economic downturn.

For more information on Fidelity Debt Solutions, visit http://www.fidelitydebtsolutions.org or call 1-888-241-2416.

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Main Site of Fidelity Debt Solutions

Fidelity Debt Solutions — Wed, 05 Aug 2009 13:26:00 GMT

You have reached the blog for Fidelity Debt Solutions. To visit our main site, please go to: http://www.fidelitydebtsolutions.com

Fidelity Debt Solutions Vision and Values

Fidelity Debt Solutions — Tue, 04 Aug 2009 16:16:00 GMT

Fidelity Debt Solutions | Vision & Values

- To use our unrivalled experience and unique Debt Negotiation Process to get our Clients back on their financial feet as soon as possible
- To ensure that Fidelity Debt Solutions' Customer Service continues to be rated #1 in the industry
- To be the best Debt Relief and Debt Assistance organization in America
- To keep the character of our business in tact – real people will always be available to speak with our clients about their issues
- To make the path to debt free living as stress free and comfortable as possible
- To provide the highest quality of service and support at all times

The negotiation process with Fidelity Debt Solutions has been tested and developed over years of experience by a team of professionals in the field of finance and credit card debt. The professionals at Fidelity Debt Solutions are highly skilled in each of their fields of expertise. Through the established relationships that Fidelity Debt Solutions has with creditors and financial institutions, we are able to successfully negotiate the debts of our clients at a substantial discount. Creditors are willing to negotiate a debt with Fidelity Debt Solutions, on behalf of our clients, with the understanding that the settled amount will be paid in a timely manner. Furthermore, creditors are always looking to avoid the ineffective and costly efforts of an outside collection company.

Fidelity Debt Solutions continually develops relationships with creditors throughout the country, and always maintains a very professional and cooperative relationship with them in order to reach the most favorable settlement offer for clients.

We work directly, and 100% for you.

Welcome to the Blog for Fidelity Debt Solutions

Fidelity Debt Solutions — Sat, 01 Aug 2009 20:02:00 GMT

Welcome to the blog for Fidelity Debt Solutions. Fidelity Debt Solutions is a California-based debt settlement company that works with those with 15K or more in unsecured credit card debt and have some means to continue payments.

Fidelity Debt Solutions is currently an accredited debt settlement company with BSI. This accreditation ensures that consumers are dealing with a legitimate debt settlement company and that best business practices are being implemented.

For more information, visit http://www.fidelitydebtsolutions.com

Fidelity Debt Solutions
510 Market Street, 2nd Floor
San Diego, California 92101

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