FAQ's | Para Financial Group

Q: What is credit repair?

A: Credit repair is the process of identifying errors or inaccuracies on your credit report and working to correct them. It can also involve working with creditors and credit bureaus to negotiate the removal of negative items from your report.

A: The time it takes to repair your credit can vary depending on the complexity of your credit situation and the effectiveness of the credit repair services you choose. However, most credit repair services can provide results within a few months to a year.

A: The cost of credit repair services can vary depending on the provider and the level of service you choose. However, the cost of credit repair services is often a small investment compared to the long-term benefits of having good credit.

A: Yes, by improving your credit score and creditworthiness, credit repair services can increase your chances of getting approved for loans, credit cards, and other forms of credit.

A: Credit repair services can benefit you by helping you identify and remove errors and inaccuracies from your credit report, which can improve your credit score and increase your chances of being approved for credit.

Q: What is debt settlement?

A: Debt settlement is a process of negotiating with creditors to settle debts for less than the full amount owed. This typically involves making a lump sum payment to the creditor in exchange for the forgiveness of a portion of the debt.

Q: How does debt settlement work?

A: A debt settlement company negotiates with creditors on behalf of the debtor to reduce the amount owed. Once a settlement is reached, the debtor typically makes a lump sum payment to the creditor to settle the debt.

Q: Is the debt settlement right for me?

A: If you are struggling with unmanageable debt, debt settlement may be a good option for you. It is important to work with a reputable debt settlement company that can help you navigate the process and negotiate with your creditors. Debt settlement can be a good alternative to bankruptcy, and can help you regain control of your finances and improve your credit score.

Q: How long does debt settlement take?

A: The length of time it takes to settle a debt varies depending on the creditor and the amount owed. It can take several months to reach a settlement, and during that time, creditors may continue to pursue collection efforts.

Q: What are the benefits of debt settlement?

A: Debt settlement offers several benefits, including reducing your overall debt amount, stopping collection calls and creditor harassment, and avoiding bankruptcy. It can also improve your credit score in the long run by helping you pay off your debts and become debt-free.

Q: What types of business funding options do you offer?

A: We offer a variety of funding options, including business loans, lines of credit, and business credit cards. We work with a wide range of lenders to find the best options for each client's unique needs.

Q: How can business consulting help my business?

A: Our team of experienced business consultants can provide valuable insights and guidance on a wide range of topics, including financial planning, marketing strategy, operations, and more. By working with our consultants, you can gain a better understanding of your business and develop strategies for growth and success.

Q: How does the business funding process work?

A: Our funding process is designed to be fast and simple. After an initial consultation, we will work with you to gather the necessary documentation and information needed to apply for funding. From there, we will work with our network of lenders to find the best funding options for your business.

Q: How can I improve my chances of being approved for business funding?

A: There are several steps you can take to improve your chances of being approved for funding, including maintaining good credit, having a solid business plan, and providing thorough and accurate documentation. Our team of experts can provide guidance on how to improve your chances of being approved.

Q: How do you determine the best business funding options for my business?

A: We take a personalized approach to business funding, considering each client's unique needs and circumstances. Our team of experts will work with you to understand your business and its funding needs, and then recommend the best options based on your goals and financial situation.