{"id":2461,"date":"2024-06-20T19:21:05","date_gmt":"2024-06-20T19:21:05","guid":{"rendered":"https:\/\/www.beyondfinance.com\/blog\/?p=2461"},"modified":"2025-05-06T18:41:43","modified_gmt":"2025-05-06T18:41:43","slug":"how-richard-p-found-relief-with-beyond-finance","status":"publish","type":"post","link":"https:\/\/www.beyondfinance.com\/blog\/how-richard-p-found-relief-with-beyond-finance\/","title":{"rendered":"How Richard P. Found Relief With Beyond Finance"},"content":{"rendered":"\n<p>A recent study revealed that American <a href=\"https:\/\/siepr.stanford.edu\/news\/americas-medical-debt-much-worse-we-think\" target=\"_blank\" rel=\"noreferrer noopener\">collections agencies held $140 billion in unpaid medical bills<\/a>. Considering the current health crisis and teetering job market, these debts are expected to climb even higher.<\/p>\n\n\n\n<p>Richard P., a Texan who fell into debt a few years ago after a medical emergency, was struggling to stay afloat. Fortunately, he was able to regain control of his finances with the help of a customized debt resolution program. Now, he\u2019s putting his debts behind him while benefiting from a consolidated, lower monthly payment. We sat down with Richard to hear more about his debt resolution journey and his experiences with Beyond Finance.<\/p>\n\n\n\n<!--more-->\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"776\" height=\"300\" src=\"https:\/\/www.beyondfinance.com\/blog\/wp-content\/uploads\/2021\/10\/BeforeAfterRichard_MonthlySavings.jpg\" alt=\"\" class=\"wp-image-2472\" srcset=\"https:\/\/www.beyondfinance.com\/blog\/wp-content\/uploads\/2021\/10\/BeforeAfterRichard_MonthlySavings.jpg 776w, https:\/\/www.beyondfinance.com\/blog\/wp-content\/uploads\/2021\/10\/BeforeAfterRichard_MonthlySavings-300x116.jpg 300w, https:\/\/www.beyondfinance.com\/blog\/wp-content\/uploads\/2021\/10\/BeforeAfterRichard_MonthlySavings-768x297.jpg 768w\" sizes=\"auto, (max-width: 776px) 100vw, 776px\" \/><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\">\u201cEverything was working out, then boom \u2014 the bottom fell out.\u201d<\/h2>\n\n\n\n<p>In 2015, Richard and his wife, who are both educators, were doing fairly well financially. Suddenly, his wife was diagnosed with a major illness, which led to her early retirement. Down a source of income, Richard and his wife then started to receive the medical bills.<\/p>\n\n\n\n<p>\u201cEverything was working out, then boom \u2014 the bottom fell out,\u201d Richard explained. \u201cWe had insurance, but insurance did not cover 20% of $25,000. That\u2019s what we would have had to pay, and that got really expensive.\u201d<\/p>\n\n\n\n<p>While Richard was able to manage his monthly payments with the help of his teaching salary, changes in his school district resulted in the loss of his job. The looming pressure of significant medical debt grew, and Richard turned to his IRA savings to help make ends meet. Unfortunately, there wasn\u2019t enough to keep them afloat for long.<\/p>\n\n\n\n<p>\u201cIt got to the point where I was getting less and less money to be able to pay expenses,\u201d he recalled. \u201cThen I made the fatal error of trying to use credit cards to help me through this, and that\u2019s what really sunk me. It got to the point where we were swamped.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u201cWe didn\u2019t want to lose the cars or house.\u201d<\/h2>\n\n\n\n<p>Richard explored other debt help options before partnering with Beyond Finance, but he was struggling to find fair, trustworthy options that fit his needs.<\/p>\n\n\n\n<p>\u201cWe were looking into the possibility of bankruptcy, but we didn\u2019t want to lose the cars or the house,\u201d he explained. \u201cI made arrangements myself for some of my creditors, but others were still demanding full payment. I couldn\u2019t even make the minimum payment.\u201d<\/p>\n\n\n\n<p>Richard also attempted to work with a financial relief company, but ultimately didn\u2019t have success. \u201cThey promised a lot and they did not deliver anything,\u201d he noted. \u201cThat got me a little frustrated.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u201cI\u2019d never done anything like this before.\u201d<\/h2>\n\n\n\n<p>Richard eventually came across Beyond Finance while looking for debt help online, but he researched everything he could about the company before making his first move. \u201cI compared, I checked out testimonials, and I checked out everything I could check out,\u201d he said.&nbsp;<\/p>\n\n\n\n<p>Satisfied with what he read on review sites, he then made the call.&nbsp;<\/p>\n\n\n\n<p>\u201cI spoke with somebody and gave them a low-down on what my situation was, and they assured me they could connect me with someone in the company who could help me out,\u201d Richard recalled. \u201cThey basically set it all up. It had to have been a good feeling, otherwise I wouldn\u2019t have continued.\u201d<\/p>\n\n\n\n<p>When asked what made him decide to choose Beyond Finance over other debt solution companies, Richard says it was the company\u2019s honesty. For example, of the six outstanding bills he asked for help with, Beyond Finance\u2019s Client Success Team identified four that they were confident they could resolve as part of a custom debt resolution program.<\/p>\n\n\n\n<p>\u201cIt was a gamble because I\u2019d never done anything like this before,\u201d Richard explained. \u201cIt\u2019s like, I am going to have to put my trust in this company because I think that\u2019s what\u2019s best for us.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u201cAny time I\u2019ve called, they\u2019ve been helpful.\u201d<\/h2>\n\n\n\n<p>When a new client joins Beyond Finance, members of the Client Success Team lead them through an onboarding process, answering questions and ensuring they understand how to access their online Client Dashboard. Richard shared that the team was patient and quick to help when he had trouble logging into his Client Dashboard the first few times.<\/p>\n\n\n\n<p>\u201cI probably pestered them to death until I got it figured out, but they were cool every time,\u201d he noted. \u201cAny time I\u2019ve called, they\u2019ve been helpful; I\u2019ve never had a bad experience on the phone with them.\u201d<\/p>\n\n\n\n<p>After receiving login support, Richard bookmarked the Client Dashboard on his browser for easy access.&nbsp;<\/p>\n\n\n\n<p>\u201cOnce I understood how to get into the website and check my account, it was a piece of cake, Richard said. \u201cI can go to it any day at any time. It tells me where I am, what I\u2019ve paid, and how much is left before my program is over.\u201d<\/p>\n\n\n\n<p>The Client Success Team also provided Richard with additional tools to help make the debt resolution process easier.&nbsp;<\/p>\n\n\n\n<p>\u201cI felt pretty confident,\u201d he recalled about his onboarding process. \u201cAny time I received any kind of communication, Beyond Finance said to send it to them. After I sent the letter to everybody, there were maybe one or two times someone sent me a letter about an account. I sent all of that stuff to Beyond Finance, and I haven\u2019t really worried about it.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u201cIt all fell into place.\u201d<\/h2>\n\n\n\n<p>Most Beyond Finance clients receive their first Resolution Offer within four to six months of starting their program. When Richard received his first offer, he and his wife were incredibly excited.\u00a0<\/p>\n\n\n\n<p>\u201cAnother load was lifted,\u201d he recalled. \u201cWe were really pleased to get that. That first one took a while, but then all of the sudden, \u201cbang, bang, bang.\u201d I got two or three, one after the other. It all fell into place.\u201d<\/p>\n\n\n\n<p>Looking at the numbers, Beyond Finance was able to reduce Richard\u2019s monthly debt payments significantly.&nbsp;<\/p>\n\n\n\n<p>\u201cJust on credit cards and the personal loan alone, I used to pay around $2,500 a month,\u201d he explained, noting that he was able to keep up with his old payments before losing his job. Now, Richard makes a monthly deposit of about $775, which is nearly a third of what he paid before.<\/p>\n\n\n\n<p>According to Richard, one of the greatest benefits to the Beyond Finance program is that he hasn\u2019t had to worry about making multiple monthly payments to separate accounts. Instead, Richard makes a single monthly deposit into a FDIC-insured bank account that he controls. Once Beyond Finance secures new terms with his creditors and Richard approves them, funds from his account are sent to those creditors.<\/p>\n\n\n\n<p>\u201cOne payment is going to all,\u201d he explained. \u201cIt\u2019s kind of a one-stop thing.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u201cI had no idea it could be done!\u201d<\/h2>\n\n\n\n<p>Richard is still working through his program, but he\u2019s made significant progress. As of writing this article, Beyond Finance has helped Richard resolve and pay off all of his enrolled credit card debt. He still has one personal loan left to go, but Richard is able to see the light at the end of the tunnel while enjoying the savings he has now.<\/p>\n\n\n\n<p>\u201cI\u2019m surprised with how much Beyond Finance was able to reduce my debt,\u201d said Richard. \u201cI had no idea that it could be done!\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u201cBeyond Finance just felt right.\u201d<\/h2>\n\n\n\n<p>When asked what he would say to someone who\u2019s considering starting their own Beyond Finance program, Richard says it\u2019s important to think through all of your options.&nbsp;<\/p>\n\n\n\n<p>\u201cWe were a little hesitant too,\u201d he admits. \u201cWe had to consider in our hearts what we felt would be the best company. We looked at a few, and Beyond Finance just felt right. You need to consider all of your options. What are the pluses, what are the minuses? What fits you financially?\u201d<\/p>\n\n\n\n<p>Richard also recommends talking openly with specialists about your finances so you can get a clear picture of what they can offer.<\/p>\n\n\n\n<p>\u201cYou\u2019ve got to let them know what you\u2019re in, and then they can give you an estimate of what it\u2019s going to cost you monthly,\u201d he explained. \u201cIf you feel like that\u2019s fair and you can afford it, then maybe that\u2019s the company for you. You\u2019ll feel that sense of relief when you feel like you\u2019ve made the right decision.\u201d<\/p>\n\n\n\n<p><em>Richard was provided with a gift card in exchange for his time and for sharing his honest opinions about his Beyond Finance experience.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent study revealed that American collections agencies held $140 billion in unpaid medical bills. Considering the current health crisis and teetering job market, these debts are expected to climb even higher. Richard P., a Texan who fell into debt a few years ago after a medical emergency, was struggling&#8230;<\/p>\n","protected":false},"author":4,"featured_media":2471,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kadence_starter_templates_imported_post":false,"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[133],"tags":[],"class_list":["post-2461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-client-support"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How Richard P. 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