Andover, Massachusetts October 29th, 2010 – Every person fights a constant battle against the consumer mentality of this country. If your neighbor has a new car, you might feel society’s pressure to purchase a new car for yourself. This phenomenon is often referred to as “Keeping Up with the Joneses”. This is just one trait of our “Buy Now” mentality, and the following list includes 6 money pits or habits that will make you go broke if you are not careful.
- Window Shopping. This should be an obvious one, the more time you spend looking at goods you want to purchase, the more likely you are to actually make those purchases. This habit has only gotten more expensive over the past decade as virtual window shopping through online retailers has allowed millions of Americans to spend money they don’t have without ever leaving their cozy homes.
- Saving Your Info with Online Vendors. An add on to the previous item, whenever you have your checkout information saved by a vendor it makes it that much easier for you to make a purchase. Don’t have a wallet handy or a credit card within reach, no problem since all your information is already stored online. It’s the ultimate way to make purchases you don’t need without having to do anything except click a computer mouse!
- Carrying Lots of Cash. Just as having to many credit cards can lead you to overspending, carrying around excessive amounts of cash can lead to the same problem. Studies have been done that show money that is carried around in a wallet or purse is much more likely to be spent than money that is left at home or in a bank. Basically, don’t carry around more cash than you absolutely need each day. The less you carry around, the less you can spend!
- Clipping Unneeded Coupons. Much like carrying to much cash, clipping coupons for items you don’t need invariably leads to more spending than you would have done without the coupons. So while you may be saving 10% on your purchase, you are still spending more money because your purchase is 30% larger than it should be.
- Shopping with Emotions. Whenever people go shopping for a reason other than for necessity money will be wasted. Consumers who go and shop because they are having a bad day or to reward themselves for a job well done will not only spend a lot of money, but typically they will purchase goods that they don’t need. Emotions can be a powerful factor when shopping, so make sure you aren’t shopping for the wrong reasons.
- Not Planning Ahead. This is a tip I have mentioned before when it comes to grocery shopping. The better you are at planning your week’s expenses, the less likely you will be to waste money on unnecessary or expensive items. If you don’t plan your grocery shopping in advance, you will most likely order out or eat in a restaurant on a weekday because you will not have the time to go shopping after a busy day of work. Surveys have shown that the typical American family spends over $4,000 a year on eating out, imagine if you invested $3,000 of that in a Retirement account and the other $1,000 on a weeks vacation. Isn’t that a better use of your $4,000 than eating Chinese food and Burritos on Friday nights?
Readers, have you been guilty of any of these pitfalls? What have you done to fix your situation or are you just ignoring it?
Preferred Financial Services is a debt reduction firm certified by the CFC (Center for Financial Certifications) and accredited by U.S.O.B.A. (United States Organizations for Bankruptcy Alternatives). Headquartered in Andover, Massachusetts, Preferred Financial Services has been a leader in the debt reduction industry since 2003. Preferred Financial Services has acquired some of the best experience in the industry over the past 7 years. In 2009 alone Preferred Financial Services reduced over $16.5 million worth of consumer debt for just $6.4 million, for a savings of about 60%- and over 2,900 accounts were settled on behalf of their clients.
For more information, please visit www.pfsdebtrelief.com or follow us on our blog at www.pfsdebtrelief.com/blog/ .
Contact:
Stephan Tavernini
Marketing Coordinator
Certified IAPDA Debt Arbitrator
Preferred Financial Services
stavernini@pfs1.net
Share on Facebook
Personal Finance
Andover, Massachusetts October 28th 2010 — Last week saw a significant drop in first time applications for unemployment benefits and once again beat expectations. Not only that, but the new seasonally adjusted total of 434,000 is the lowest it has been since July and is in fact the second lowest number for claims all year. Clearly, this is great news and we could be on our way to that significant 400,000 figure, but we need to see claims continue to fall over the next few weeks to say with certainty that this was a tipping point.
Claims fell by 21,000 in the week ending October 23rd and helped spur the market this morning because economists had predicted a slight increase in the rate. We are now inching closer and closer to stability in the job market which would be showcased by a rate under 400,000 per week. I do expect this rate to fall below 400,000 by the end of the year due to seasonal holiday hiring, the real test will be in early 2011 when companies will decide what to do with all those seasonal workers. If holiday sales exceed expectations and companies expect consumer spending to increase throughout 2011 they will chose to make these employees permanent. This would be a huge boost for American confidence and would certainly jump start the recovery above the 1.7% GDP growth we experienced in the 2nd quarter of 2010.
Preferred Financial Services is a debt reduction firm certified by the CFC (Center for Financial Certifications) and accredited by U.S.O.B.A. (United States Organizations for Bankruptcy Alternatives). Headquartered in Andover, Massachusetts, Preferred Financial Services has been a leader in the debt reduction industry since 2003. Preferred Financial Services has acquired some of the best experience in the industry over the past 7 years. In 2009 alone Preferred Financial Services reduced over $16.5 million worth of consumer debt for just $6.4 million, for a savings of about 60%- and over 2,900 accounts were settled on behalf of their clients.
For more information, please visit www.pfsdebtrelief.com or follow us on our blog at www.pfsdebtrelief.com/blog/ .
Contact:
Stephan Tavernini
Marketing Coordinator
Certified Educator in Personal Finance
Certified IAPDA Debt Arbitrator
stavernini@pfs1.net
Share on Facebook
Financial News
Andover, Massachusetts October 27th, 2010 – If you have followed this blog or the shape of the economy over the past two years you know that one of the biggest issues that is keeping consumer and investor confidence low is our growing and increasingly burdensome national debt. Due to this, the President created a Debt Commission to study the debt and find a solution to it. The results are expected to be released in early December but some of the ideas that are being considered are already being leaked. While most Americans realize that drastic cuts will have to be made to many of the programs that millions depend on, these smaller changes and eliminations of tax breaks will be a good place to begin our path towards a balanced budget.
The tax breaks being considered for elimination include five of the most popular that also cost the government the most. In total, over 200 different tax breaks/credits cost the federal government over 1 trillion dollars in lost revenue every year. Our budget deficit in 2010 was 1.3 trillion dollars, so clearly eliminating these tax breaks could be a significant step towards a balanced budget. The following is a list of the 5 most expensive breaks that are being considered for elimination and what exactly they do for Americans come tax season.
- Mortgage interest deduction. Currently, interest payments on mortgages are tax deductible up to 1.1 million dollars of borrowing. This tax credit has been extremely popular and is a huge reason why millions of Americans have embraced home ownership. The flip side of this is that many Americans are purchasing homes they shouldn’t be just to get a tax deduction. The proposal on the table is not to eliminate this entirely but instead to lower the borrowing limit so those that are financially well off do not receive this benefit while those in the middle class would continue to receive it.
- Tax free income workers get from employers to pay for health insurance. Currently, employees receive tax free income when their employers contribute to their insurance costs. While it has encouraged companies to offer health insurance it has also allowed expensive insurance plans to become the norm. By phasing out this tax credit for the rich and converting the payment to a refund at tax time for the rest of America, the commission expects employers to be less likely to enroll employees in gold standard health plans, thus saving money not only in terms of tax revenues but also in terms of health care.
- Deductions for State and Local Taxes. Currently, certain state and local taxes that are paid by Americans can be deducted from their federal income taxes. While it’s a great money saver for Americans, this one will almost certainly be eliminated all together. All the more reason to move to a state where taxes are lower!
- Deductions for charitable contributions. Another great program that in better times would never be eliminated. However, with the budget deficit being such a huge political issue, it appears as if this deduction will at least be scaled back.
- Tax breaks for retirement savings. I was surprised to see this was on the table for revisions. Shouldn’t we be encouraging consumers to save for retirement, especially when we know Social Security might not be around for the younger workers of today? While some changes may be in order here, I think it would be politically impossible to eliminate these tax breaks that encourage workers to plan for the future.
Readers, where do you stand on this issue? Are you worried about the deficit, and if so, what are you willing to give up to help tackle the problem? Would eliminating these current tax breaks change your behavior in regards to saving for retirement or contributing to charities?
Preferred Financial Services is a debt reduction firm certified by the CFC (Center for Financial Certifications) and accredited by U.S.O.B.A. (United States Organizations for Bankruptcy Alternatives). Headquartered in Andover, Massachusetts, Preferred Financial Services has been a leader in the debt reduction industry since 2003. Preferred Financial Services has acquired some of the best experience in the industry over the past 7 years. In 2009 alone Preferred Financial Services reduced over $16.5 million worth of consumer debt for just $6.4 million, for a savings of about 60%- and over 2,900 accounts were settled on behalf of their clients.
For more information, please visit www.pfsdebtrelief.com or follow us on our blog at www.pfsdebtrelief.com/blog/ .
Contact:
Stephan Tavernini
Marketing Coordinator
Certified IAPDA Debt Arbitrator
Preferred Financial Services
stavernini@pfs1.net
Share on Facebook
Financial News
Andover, Massachusetts October 26th, 2010 – Almost everything nowadays has some sort of fee associated with it. Websites that charge for content, schools that charge for students to play sports, and even extra fees for texting on cell phones are just the tip of the ice berg. When it comes to your finances, banks and credit card companies continue to come up with new and innovative ways of charging you, the consumer, an arm and a leg. While many expected financial fees to increase after the landmark 2010 Credit Card Act, this has not occurred. While some fees are becoming more common, the following 5 fees should be avoided at all costs and can be done so quite easily and without much effort.
- Checking Account Maintenance Fees. This fee used to be almost unheard of before the financial crisis when free checking accounts were the norm. While this has changed somewhat in the last two years as banks have tried to increase revenues from their current customers, it should still be something you do not have to pay if you are in good standing with your bank. If they require a minimum in your account, just shuffle some of your funds from your savings to your checking’s account. The interest rate advantages that used to make savings accounts more appealing have all but disappeared as interest rates are at record lows. If you don’t have the funds to shuffle around, shop around, there should still be local banks or credit unions in your area that would love to have you has a client and will offer you a free checking account.
- Annual Credit Card Fees. While these fees have been around for decades, the savvy consumer has always been able to avoid these fees if they wanted to. Typically annual fees are reserved for consumers who are looking for high end services such as the concierge service offered by some American Express cards or for consumers who have a bad credit history and need to pay to be able to rebuild their credit history with a new card. Either way, if you don’t want to pay for a card, you should be able to find one that doesn’t charge an annual fee. If your current card recently had a fee added onto it, don’t be afraid to call the credit card company and ask them to remove it. If you can make the case that you have been a loyal client of theirs they will most likely waive the fee.
- Credit Card Payment Insurance. Another product designed by creditors to get as much money out of you as possible while paying out as little as possible. This product offers you the peace of mind that in case you lose your job or for some other reason can’t pay your credit card bills each month that this insurance will cover your monthly payments until you are back on your feet. Sounds great right? Well, the reality isn’t quite that rosy. Typically, these insurance plans have many conditions that need to be met and even then the payouts are not what you think. Almost none of them pay your monthly bill in full, many only pay the minimum amount or a certain percentage of the bill. On top of that, almost all of these plans run out after a certain short period of time. While most people don’t expect to be unemployed or without income for a long time period, the recent recession and ongoing unemployment crisis shows that this isn’t always the case.
- Lost Wallet Protection. This has to be one of the most ridiculous services being offered by creditors. This “insurance” offers to make the phone calls to your other creditors in case you lose your wallet. Not only is this service a waste of money, but typically you don’t lose dozens of cards. So, can you really not make a couple of phone calls in the off chance you lose your wallet? Save the money each month and treat yourself to a nice dinner or pay down some more debt instead.
- Credit Report Monitoring. I have written about this extensively in the past and how much of a scam these services are. Most of you have heard the catchy jingles that offer free credit reports on TV. What many of you don’t know is that to get that “free” report, you need to sign up for a credit report monitoring service. Basically this service keeps an eye on your credit report every month and will notify you if something unusual pops up on it. What makes this service unnecessary is the fact that most credit card issuers already do this. This is why your card could be frozen if you travel overseas without advising them of your trip. They already lookout for credit card fraud and you really should not need this quite expensive service. Stay Away!
Readers, have you used these services in the past? Do you disagree with me and actually found some value out of these? Let me know, I could be convinced that some of these services are a good value for consumers!
Preferred Financial Services is a debt reduction firm certified by the CFC (Center for Financial Certifications) and accredited by U.S.O.B.A. (United States Organizations for Bankruptcy Alternatives). Headquartered in Andover, Massachusetts, Preferred Financial Services has been a leader in the debt reduction industry since 2003. Preferred Financial Services has acquired some of the best experience in the industry over the past 7 years. In 2009 alone Preferred Financial Services reduced over $16.5 million worth of consumer debt for just $6.4 million, for a savings of about 60%- and over 2,900 accounts were settled on behalf of their clients.
For more information, please visit www.pfsdebtrelief.com or follow us on our blog at www.pfsdebtrelief.com/blog/ .
Contact:
Stephan Tavernini
Marketing Coordinator
Certified Educator in Personal Finance
Certified IAPDA Debt Arbitrator
stavernini@pfs1.net
Share on Facebook
Personal Finance
Andover, Massachusetts October 25th, 2010 – After a rough summer that saw the worst home sales numbers in over a decade, September turned out to be a boost for the battered housing sector. Sales grew by 10% compared to August to a seasonally adjusted annual rate of 4.53 million homes, which is significantly higher than the lows we saw in July of 3.84 million homes. While this is good news for the housing market, it will be overshadowed over the next 3-6 months as the entire “Mortgage Freeze” fiasco gets sorted out. Real Estate agents nationwide have already seen a drop in the demand for foreclosed homes as many buyers are hesitant to invest in a property that is under review for documentation fraud. While this fiasco is certainly a big problem, it does not invalidate the underlying mortgages in any way. Speculation that the mortgages could be deemed invalid were quickly squashed last week as the banks have come out and stated emphatically that while documents could have been filled out incorrectly during the foreclosure proceedings, these errors will not impact the existing mortgage agreement that the homeowner signed when they purchased the property. In other words, those that are currently in the foreclosure process who were hopping to walk away from their responsibilities will be out of luck. They will still have to either pay their mortgages bills or see their homes become bank property again. Stay tuned as the foreclosure document fiasco continues to evolve. Just today, the Federal Reserve said it would look intensively to see if policies, procedures or internal controls led lenders to improperly foreclose on homeowners.
Preferred Financial Services is a debt reduction firm certified by the CFC (Center for Financial Certifications) and accredited by U.S.O.B.A. (United States Organizations for Bankruptcy Alternatives). Headquartered in Andover, Massachusetts, Preferred Financial Services has been a leader in the debt reduction industry since 2003. Preferred Financial Services has acquired some of the best experience in the industry over the past 7 years. In 2009 alone Preferred Financial Services reduced over $16.5 million worth of consumer debt for just $6.4 million, for a savings of about 60%- and over 2,900 accounts were settled on behalf of their clients.
For more information, please visit www.pfsdebtrelief.com or follow us on our blog at www.pfsdebtrelief.com/blog/ .
Contact:
Stephan Tavernini
Marketing Coordinator
Certified IAPDA Debt Arbitrator
Preferred Financial Services
stavernini@pfs1.net
Share on Facebook
Financial News
Andover, Massachusetts October 22nd, 2010 – This past year was the first time since the Cost of Living Adjustment (COLA) policy was enacted in 1975 that seniors were not given an increase in their monthly social security payments to compensate for rising prices. The reasoning was that since the Consumer Price Index did not rise in 2009, there is no inflation so there should not be a COLA. Obviously many seniors felt the pinch not just because certain goods had in fact increased in price but also because many had based their personal budgets on a yearly increase in the COLA. Seniors who had planned out their retirement with a built in COLA were now facing a shortfall in income with no real solutions to the problem. If all of that wasn’t bad enough for our nation’s seniors, the government has announced recently that there will be no COLA for 2011 either. The same argument is being given this time around again; there was no increase in the CPI so there will be no increase in social security payments. As you can expect, seniors are not only angry about this but worried as well.
Many seniors have expressed outrage at the fact that the CPI does not take into account correctly their rising health care and housing costs. Either way, seniors now have to make due with another year of no increase in income while certain goods and services have in fact gone up in price. Seniors who barely made ends meet last year now must face another 12 months of penny pinching and living paycheck to paycheck. Over 58 million Americans receive social security each month, so this is obviously a huge problem for a vast part of our population. As such, the political implications, especially so close to the midterm elections, couldn’t be greater. Seniors are the most reliable voting bloc in the country and they will be taking out their frustrations about a lack of a COLA on incumbent politicians. This means Democrats can add another large and growing problem to their list, and should lead to some dramatic changes in Washington come November 3rd.
Readers, if you are a senior, how are you dealing with these issues? Did you budget your retirement based on a COLA each year? How did you adjust your lifestyle last year without a COLA?
Preferred Financial Services is a debt reduction firm certified by the CFC (Center for Financial Certifications) and accredited by U.S.O.B.A. (United States Organizations for Bankruptcy Alternatives). Headquartered in Andover, Massachusetts, Preferred Financial Services has been a leader in the debt reduction industry since 2003. Preferred Financial Services has acquired some of the best experience in the industry over the past 7 years. In 2009 alone Preferred Financial Services reduced over $16.5 million worth of consumer debt for just $6.4 million, for a savings of about 60%- and over 2,900 accounts were settled on behalf of their clients.
For more information, please visit www.pfsdebtrelief.com or follow us on our blog at www.pfsdebtrelief.com/blog/ .
Contact:
Stephan Tavernini
Marketing Coordinator
Certified Educator in Personal Finance
Certified IAPDA Debt Arbitrator
stavernini@pfs1.net
Share on Facebook
Financial News
Andover, Massachusetts October 21st, 2010 – Another week has passed and another jobless claims report has come out. The result: We are back to where we were 2 weeks ago. The temporary rise 2 weeks week has been offset by a drop of 26,000 last week. This means we are still hovering around that stubborn 450,000 number. The leading indicators for the economy point to continued slow growth that should bring this number down over time. What could throw all of these projections out the door however is politics. Depending on who wins the midterm elections and how the markets react to it could throw a huge cloud of uncertainty over the economy. Only 11 Days to go, stay tuned!
Share on Facebook
Settlements
Andover, Massachusetts October 20th, 2010 – While there is a small minority that did not feel the pain of the Great Recession, for the vast majority of us it was the biggest economic decline of our lives so far. Due to this, many of the things we took for granted are no longer expected and the way we used to live is not how we are living our lives today. Everything from how we think about Money to how secure we feel in our futures is being questioned and debated, which is a huge change from the boom years of the last decade when any worries about money were extremely rare in the era of cheap credit and huge personal debt. Check out the following list that includes 5 issues or topics where we have changed our views to more closely reflect the economic realities of today.
- Frugality. This word used to be laughed at by the majority of Americans as it was never “cool” to be frugal and make every dollar stretch as far as possible. But, with record foreclosure rates, high unemployment, and stagnant income growth, more and more Americans are accepting the frugal lifestyle and learning to live without spending a lot of money.
- Jobs. Well this is an obvious one, if you haven’t been impacted by it yourself I am sure you know of at least someone who has either lost their job or had their hours cut back dramatically. The current job market is by far the worst in recent memory, and all the signs point towards a long and slow recovery in regards to job growth. If you have a job consider yourself lucky, and if you don’t, keep applying, keep educating yourself and don’t give up!
- The Family. There have been both positive and negative impacts on the family due to this recession. The drop in disposable income means that more and more families are staying in and at home on weekends. This has led to a stronger family dynamic as people are making due with less than in the past. On the flip side, the lack of disposable income also means that new marriages are at a recent low as more and more couples are putting off this life changing event due to monetary concerns. An average wedding isn’t cheap, and many couples are passing on this expense to fortify their emergency fund or to bolster their savings.
- Credit Cards. Has your relationship with your credit cards changed since the beginning of the recession? If you say yes, then you are in the majority. Industry data indicates that consumers are turning away from credit cards and embracing debit cards more and more. Average balances on credit cards are also dropping and consumer are making a fundamental shift in financial behavior away from debt accumulation and towards debt elimination.
- Want vs. Need. I love talking about this topic because it is building block for any personal finance makeover. And as expected, this recession has definitely changed how people feel about certain goods and items. Things that used to be considered “needs” such as Cable TV have now become “wants”. Has your behavior changed? Have you decided to live with certain services that you used to consider absolutely necessary to a happy life? Are you less happy now that you don’t have this service?
Readers, I would like to hear how any of these 5 subjects have changed for you over the past 2 years. Are you like the majority of Americans or are you bucking the trend? Leave a post on my blog, anonymous or not. I am looking to create some conversations with all of you to make this a bit more interactive!
Preferred Financial Services is a debt reduction firm certified by the CFC (Center for Financial Certifications) and accredited by U.S.O.B.A. (United States Organizations for Bankruptcy Alternatives). Headquartered in Andover, Massachusetts, Preferred Financial Services has been a leader in the debt reduction industry since 2003. Preferred Financial Services has acquired some of the best experience in the industry over the past 7 years. In 2009 alone Preferred Financial Services reduced over $16.5 million worth of consumer debt for just $6.4 million, for a savings of about 60%- and over 2,900 accounts were settled on behalf of their clients.
For more information, please visit www.pfsdebtrelief.com or follow us on our blog at www.pfsdebtrelief.com/blog/ .
Contact:
Stephan Tavernini
Marketing Coordinator
Certified Educator in Personal Finance
Certified IAPDA Debt Arbitrator
stavernini@pfs1.net
Share on Facebook
Personal Finance
Andover, Massachusetts October 19th, 2010 – September saw a slight increase in home construction based on an increase in single family home construction. These homes make up 80% of the market and any increase in this group is certainly a positive development. It would have been a much higher number had condominiums and apartment constructions not seen a 10% drop compared to August. This same trend occurred in the number of building permits issued for new homes in the future. The rate dropped overall by 5.6% which on the surface looks like a troubling issue for the future. However, when analyzed more closely, the reason the rate dropped is because condominium and apartment permits dropped by over 20% while permits for single family residences rose by .5%. These numbers are the complete opposite of August when Condo sales and permits far outpaced single family homes. For builders this is a positive development as they would rather see a rebound in the much larger and more important single family home market instead of the condo and apartment market. Overall, this information is positive but as with most information coming out recently, not positive enough. Builders remain extremely pessimistic about the outlook for the foreseeable future but they all agree that the industry is slowly turning the corner. What’s their number one reason for concern? The massive backlog of foreclosed homes that remains on the market or under bank control. Until this inventory can be cleared out of the system, new construction will remain weak as already built homes will provide stiff competition for new homes in this extremely competitive housing market.
Preferred Financial Services is a debt reduction firm certified by the CFC (Center for Financial Certifications) and accredited by U.S.O.B.A. (United States Organizations for Bankruptcy Alternatives). Headquartered in Andover, Massachusetts, Preferred Financial Services has been a leader in the debt reduction industry since 2003. Preferred Financial Services has acquired some of the best experience in the industry over the past 7 years. In 2009 alone Preferred Financial Services reduced over $16.5 million worth of consumer debt for just $6.4 million, for a savings of about 60%- and over 2,900 accounts were settled on behalf of their clients.
For more information, please visit www.pfsdebtrelief.com or follow us on our blog at www.pfsdebtrelief.com/blog/ .
Contact:
Stephan Tavernini
Marketing Coordinator
Certified Educator in Personal Finance
Certified IAPDA Debt Arbitrator
stavernini@pfs1.net
Share on Facebook
Financial News
Andover, Massachusetts October 18th, 2010 – The Federal Reserve today reported that industrial production which includes mines, factories, and utilities fell in September by .2% compared to August. Companies that had been restocking their inventories and replacing worn out machinery over the past 4 months have pulled back on this as consumer demand remains weak and inventory levels are at normal levels again. This is the first decline in production among these important sectors of the economy since the recession ended in June 2009 and could point towards continued weakness in manufacturing.
While this may seem like all bad news many economists knew that this would happen. The trend over the past 30 years indicates that every economic recovery shows rapid gains in production for 6-12 months after exiting a recession and then it levels off. This same pattern happened in the early 1980’s as well as in 2001. Since we expect consumer demand to remain tepid at best, are we looking at a prolonged slump in industrial production as well? The answer is no and we can thank the global economy for that. Our exports have become increasingly more competitive over the last year as the US dollar has lost some of its value compared to foreign currencies. Electrical components as well as airplanes have seen record exports over the past 6 months. What this means is that our US made products are becoming cheaper and more competitive on the international scene. This is causing a boom in exports and should see our industrial production expand over the next 6-12 months. Stay tuned, not only does consumer demand impact this statistic but as I just mentioned our currency’s value does as well which makes this an extremely complicated and interesting situation to keep an eye on.
Preferred Financial Services is a debt reduction firm certified by the CFC (Center for Financial Certifications) and accredited by U.S.O.B.A. (United States Organizations for Bankruptcy Alternatives). Headquartered in Andover, Massachusetts, Preferred Financial Services has been a leader in the debt reduction industry since 2003. Preferred Financial Services has acquired some of the best experience in the industry over the past 7 years. In 2009 alone Preferred Financial Services reduced over $16.5 million worth of consumer debt for just $6.4 million, for a savings of about 60%- and over 2,900 accounts were settled on behalf of their clients.
For more information, please visit www.pfsdebtrelief.com or follow us on our blog at www.pfsdebtrelief.com/blog/ .
Contact:
Stephan Tavernini
Marketing Coordinator
Certified Educator in Personal Finance
Certified IAPDA Debt Arbitrator
stavernini@pfs1.net
Share on Facebook
Financial News