| Overview | |
|---|---|
| What is GFS? | Golden Financial Services is a debt settlement company that focuses on settling credit card and student loan debt with creditors for less than what is owed. |
| Who is this program for? | People with over $7,500 in unsecured debts who can’t meet their minimum monthly payments. |
| How long will it take? | GFS’ program takes 3-5 years |
| How must will it cost? | They do not disclose their pricing. |
| How much will I save? | Based on the calculator they provide, you will pay back around 65% of what you currently owe. |
Pros
Low Minimum Debt Requirement
Credit Card Lawsuit Help
Positive Reviews
View the best debt management companies
Cons
Unclear Pricing
Small Company
Our Recommendation
Their lack of pricing and accreditations cause to not recommend them at this time.
Golden Financial Services lacks some accreditation which many consumers look for in a settlement business. A free consultation is offered to determine which program is available in each state.
We feel it’s important to ensure consumers taking advantage of the consultation to be thoroughly informed about the dynamics of the services offered in their state. Ask questions.
Obtain documentation of what is being purchased before purchasing due to the lack of concrete information existing on the website. View Top-Rated Companies
Golden Financial Services FAQs
How much does Golden Financial Services cost?
Undisclosed. Detailed information about your specific debt situation can be obtained through a free consultation.
Are there any up-front fees?
No. There are no upfront fees.
What types of debt relief does Golden Financial Services offer?
The company’s main service is a debt settlement program. They will also counsel on a wide variety of topics:
- Bankruptcy
- Credit card lawsuits
- Debt consolidation
- Small business loans
- Student debt assistance / consolidation
Another perk is a credit card debt calculator located on the website. All you need to do is enter in your current level of debt, interest rate, and the amount you can afford to pay each month. Then the calculator shows a table comparing debt settlement, consumer credit counseling, and how things would turn out if you continued to pay off the debt on your own.
You get to see how long it will take to pay off the debt via each of the three options, the interest rate, and the monthly payment.
Can I get a free consultation?
Golden Financial Services provides free over-the-phone consultations. They will talk through your debt problems, say which solution is best for you, and provide estimates on how long it will take to pay off your debt. They also have services for those who are in credit card lawsuits. They offer a free consultation that could help you get set up with a lawyer and plan to resolve any legal issues.
Does Golden Financial Services offer a money-back guarantee?
Yes. If a settlement is not reached, then the company will refund any payments that you have made up to that point. In the case of settlements, the funds are held in a 3rd party account that you have control of.
What types of debt do they work with?
The company only provides services for unsecured loans.
How long have they been in business?
Golden Financial Services has been in business since 2004.
Can I cancel?
If you are at any time dissatisfied with the service, you can pull out of the program without having to pay a cent more and you’ll get to keep funds accrued for settlement.
What is the minimum debt I can enroll?
The minimum debt accepted for debt settlement is $7,500
What accreditations do they have?
- They do not have AFCC accreditation.
- They are accredited with the IAPDA and AFSLR (Association for Student Loan Relief)