AMA Financial
AMA Financial is based in Scottsdale, Arizona, USA and their stated goal is to, not only help you manage your debt in the short run, but to also take steps which will not hurt your credit rating and score in the long run. They are primarily a debt settlement company as they believe this method of debt reduction to have the least long term damaging effect on your credit score. Their website is www.amafinance.net and it has been up since January 2009.
AMA Financial's website is well laid out with most of the information only a click away. The site displays multiple images and text that are evidently meant to inspire visitors and instill a feeling of hope and relief. The home page is organized with links to a learning resource page, debt reduction steps and a tools page. There is also a link to an announcement page which clearly states what AMA Financial will help you with and what you should expect during the debt settlement process.
AMA Financial also provides:
- A FAQ section
- News in debt section
- Important debt related links
A unique aspect of the website is a link which shows a running tally of the debt that they have settled and the money that they managed to save per month which averages out to about 35%.
AMA Financial provides information on a number of alternatives available to visitors such as debt consolidation and bankruptcy. Advantages and disadvantages of all other methods are highlighted which give the client a good understanding of where they stand and their available options. AMA Financial is also very clear as to which debts it does handle and which it does not. The complete list is provided below:
Debts handled by AMA Financial:
- Credit Card Debt
- Medical Bills
- Department Store Cards
- Unsecured Loans
- Overdue Rent
- Local Merchant Accounts
- Past Due Utility Bills
- Automobile Repossession Balances
- Oil/Gas Cards
- Personal Loans
- Gym Memberships
- Credit Unions
Debts not handled by AMA Financial:
- Secured Loans
- Tax Debts
- Auto Loans
- Mortgages
- Federally Secured Student Loans
- Government Loans
- Military "STAR" Card
When it comes to explaining their own process AMA Financial offers very little information regarding the details. They do not provide any additional information apart from that they will work with your creditors to reduce the overall size of your debt. The exact fee charged to the client is also not listed on the website; all that is stated is that the fees are collected over the first half of the plan and additional details are given in your enrollment paperwork.
They also provide multiple debt planning tools; however all of them link to external websites such as CNN or MSN Money which does not seem to inspire too much confidence. The FAQs provide information regarding a client's rights concerning debt collectors, credit score and ratings but again fails to properly explain in-depth how AMA Financial would help the client.
Visitors are provided with a toll free number and an email address with which they can contact AMA Financial. They can also fill an online form requesting a free 15 minute consultation, at the end of which they are provided with a debt settlement plan. Visitors can also register on their website and answer a few questions to obtain the same plan. However the lack of additional means of communication is clearly evident as there is no online chat or forums where potential clients can post questions.
AMA Financial is a registered member of TASC (The Association of Settlement Companies); however they fail to provide any customer testimonials or feedback regarding their services which might either validate or question their creditability. They do have a BB rating of F and escrow facilties are available.
AMA Financial's legitimacy and services should be explored in further detail by each individual wishing to engage with them. The information provided here is based on data provided from their website and is not meant to act as a referral.
While the lack of information into their process and fees structure might unsettle some users, AMA Financial's focus on their clients' long term credit reports shows them to be a company dedicated to their clients' success and peace of mind.
For more information on Debt Consolidation companys, go to
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