BE Financial’s Debt Settlement Program
is intended for people who have had a severe financial hardship and want to avoid filing for bankruptcy. Below is a general overview of how our program works; however before you make any decisions we strongly recommend that you read and review all of your options. Speak with one of our experienced debt consultants who can explain the program in detail and see if you qualify.

Who is qualified for our program?
BE Financial's debt settlement program is only for people facing financial HARDSHIP. This means people who are late on paying their debts, have little or no ability to pay their debts in the future, and are facing a possible bankruptcy

(Examples of qualifying hardships are a loss of income, medical emergency, death of a member of the household who provided financial assistance, or a divorce, excessive interest rates, failed business, home arrest, reduction in pay/hours, unemployment)
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Who is NOT qualified for our program?
BE Financial does not recommend that any person default on their debts. Our program is not designed to negotiate debts for people who have reasonable means to satisfy their debts. If you are capable of paying your debts in the normal fashion, by making minimum payments, then you should honor your debts and do so. Also, our program is NOT for people who are gainfully employed, have high credit ratings, and can meet their monthly debt obligations.

How will BE Financial Settle My Debts?
You will be asked to put aside and save a set amount of settlement funds on a monthly basis. This amount will be determined in your initial analysis based on total amount of debt and will be in line with your income and expense budget. Once you have accumulated enough settlement funds to make a reasonable offer to your creditors to settle the debt, BE Financial will begin the negotiation process. Each person's situation is different and the negotiation process will begin at different times depending on the amount of your debt. Once the creditors agree to a settlement amount, we will present this offer to you. If you approve of the settlement, we will instruct the creditor to fax over the ‘settlement offer’ in writing. Then have a three way recorded conversation with you, the creditor and us to settle the account. Debts can be settled in two different ways; one lump sum or a term settlement. One lump sum is just that, one payment and the account is paid. A term settlement is a settlement which is paid over an extended period of time until the account is paid. BE Financial then moves through each debt until all of your debts have been paid and you are debt free.

How do you apply & get this process started?
Complete the form online. A debt consultant will review your information and call you to go over your situation. After reviewing your financial situation and hardship, they will determine if you are qualified for our program.