Integrated debt management systems have been in use by various financial institutions and are used in their daily operations to maintain cash reserve requirements but, until recently, have not been accessible at the consumer level to provide mortgage payoff assistance due to the cost of developing and supporting these specialized cash flow management systems.
People in other parts of the world have had access to various forms of debt management systems providing mortgage payoff assistance. In this country, however, it is a relatively new opportunity to systematically manage our personal and consumer debt. We now have access to affordable technology to assist with management of mortgage and consumer debt.
Just like the bank model, modern debt management systems are integrated with your daily and monthly financial transactions. They are dynamic. Modern debt management systems have the ability to analyze and manage all of your debt, including your mortgage debt, side by side in a single environment and make strategic adjustments based on your daily or monthly cash flow.
How much money will you save?
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Provided by an agent of United First Financial, #849551
United First Financial, its independent agents and subsidiaries provide Web-based software and support services. United First Financial does not provide accounting, tax, legal, real estate,mortgage, or investment advice. Interested parties should seek and consult with persons or entities licensed and qualified in those areas for advice relating to those matters. United First Financial is not liable or responsible for claims or representations made by any party and which are not included in the Money Merge Account Limited Guarantee.
First, let me explain what a modern debt management or mortgage payoff assistance system is not.
It is not a self help or a “How To…” book which simply overstate the obvious; instructing us to “quit spending so much money”, or “pay off our credit cards”. It is not a “makeover” plan which painfully alters our daily spending habits.
It is not an Excel spreadsheet or written plan for debt reduction which does not consider our day to day financial activities.
It does not require the refinancing of existing mortgage debt or consolidating smaller debts into larger long term debts.A modern debt management system is relatively effortless to operate and does not require significant changes to your daily or monthly spending patterns. It can be fine tuned to aggressively pay down debt, or to maintain a certain level of debt but reduce the carrying cost, or fund a retirement or college savings plan.
