Frequently Asked Questions

If you have credit card debt or personal loan debt of $20,000 or more and you're living paycheck-to-paycheck and struggling to make payments, you’re likely a good fit for Beyond Finance.

If you don’t have a stable or regular income, are looking for help with federal student loans, or have debt less than $10,000 we are unfortunately not the right fit.

Beyond Finance, with the help of our brand Accredited Debt Relief, can evaluate you for a variety of solutions including a debt consolidation loan, a debt resolution program, and credit counseling.

• When you get approved for a favorable debt consolidation loan, the lender will fund enough for you to pay off your higher interest debts, and sometimes offer the option for lower payments.
• When you enroll in a debt resolution program, a debt consolidation company consolidates and lowers your payments, helps limit the impact of interest, and works with your creditors to secure more affordable repayment terms. A typical debt resolution program lasts 2–4 years.
• With credit counseling, a counselor may assist you with budgeting, financial planning skills, or a debt management plan. A debt management plan involves the counselor working with your creditors to reduce interest and waive fees. In this sense, it’s similar to debt resolution but you will ultimately pay the whole debt, not a reduced amount.

Typically Beyond Finance clients see their eligible monthly payments lowered by at least 40%.

Typically, Beyond Finance clients can expect to eliminate their eligible debt in 24–48 months.

This is a great question, and one you should be asking. Beyond Finance has been in business since 2011, and has since grown to become the number one company in the debt consolidation industry.

We’re accredited and have an A+ rating with the BBB, and through our thousands of 5-stars reviews, have achieved an Excellent rating with Trustpilot. We’ve won numerous awards, including for our overall process, customer service, and financial wellness.

One more reason to trust Beyond Finance — many of our employees choose to address their own debt through our services after seeing how well it works for other clients. Check out our About Us page to meet some of them.

Beyond Finance is focused on the overall financial wellness of our clients. In fact, clients rate their financial habits at an average of 5.9/10 before seeking our help, and at 8.2/10 after working with Beyond Finance.

Our two financial therapists Dr. Erika Rasure and Nathan Astle hold 5 financial wellness sessions a week to address all aspects of our clients’ financial health. 

Clients (and anyone else interested) can check out our Financial Wellness page, where you can find resources on budgeting, saving, understanding your relationship with money, and more. 

There are different kinds of debt consolidation, but all involve consolidating multiple debts into one.

A debt consolidation loan can help you pay off your higher interest debts, leaving you with one (sometimes) lower payment.

Another kind of debt consolidation, debt resolution, also involves consolidating to a single lower payment. With debt resolution, a debt consolidation company will contact your creditors and work to make agreements with them, reducing your balances and locking in affordable payment terms.

A credit card balance transfer is yet another kind of debt consolidation. This process allows you to move your higher interest debt to a low interest credit card (usually with a 0% introductory rate), so you can work to pay off your debt quickly before that optimal rate expires. You will need a certain credit score to qualify for lower interest rates.

Debt consolidation can be a good idea for someone who is struggling to keep up with high interest debt. It can also make things significantly simpler with a single payment.

Most people don’t realize this, but making minimum payments can keep you stuck paying for decades, and have you ultimately paying double or triple what you currently owe.

For example, someone making minimum payments on $30,000 of credit card debt would ultimately end up paying over $100,000 over the span of roughly 23 years.*

In fact, credit card companies are legally obligated to share on your statements how long it would take to pay off your debt (and how much it would cost), by just making minimum payments.

*Assumes an APR of 25% and 2.75% minimum payment.

Bankruptcy is the right answer for some. But it’s generally considered a last resort, so it’s important to think about the long-term consequences before you decide to go this route.

Chapter 7 bankruptcy involves the liquidation of your assets to pay towards your debts. After this, the remaining eligible debt is discharged. For some, this can offer a fresh start, but it can be difficult to qualify for. In addition to this, a Chapter 7 bankruptcy can stay on your credit report for up to 10 years, potentially affecting your ability to get a new home, a car, or employment.

Chapter 13 bankruptcy is a court-approved repayment program. Like debt resolution, it aims to restructure your debts but this process could have most of your paycheck going to your debt for the next 3–5 years. Chapter 13 can also leave a long-term bankruptcy mark on your credit report.

Both of these types of bankruptcies can be very expensive, costing you thousands of dollars in attorney and filing fees.