Special to California Business Journal.
As the economy starts to recover, many people affected by the pandemic are left wondering if their finances can recover too. Millions of people were forced out of work with no path back to financial security to be mentioned.
It might take years, if not decades, for individuals and businesses affected by the shutdown to rebound financially. Many people were struggling just to get by even before being plagued by the global pandemic.
Now with credit cards reaching their limits and rent going unpaid, how are these people going to pay off all the debt they accumulated during this crisis?
Unfortunately, most people are just as strapped for debt solutions as they are for cash right now.
Some wait for government relief while others hope for debt forgiveness from the banks. Are these the best debt relief options right now? Passively waiting to be financially rescued?
Fortunately, the answer is NO. Individuals have more options than they think and they don’t have to wait to be saved by outside help. They can take back control of their financial situation and regain control of their lives with the help of companies like Americor.
Debt relief companies have been around for decades. However, Irvine, California-based Americor believes it has “the best approach to eliminating debt and getting finances back on a healthy track right now,” says CEO Benny Ganatra.
Americor’s program is designed to get individuals out of debilitating debt in months instead of the many years it would take making only minimum payments.
“Most people don’t want to be caught in a high interest rate debt trap. Which means getting stuck only being able to make the minimum payment on their cards,” he adds.
This is a seemingly endless cycle of interest payments that barely chips away the principal amount owed. “We do not believe it is fair for these financially stressed individuals to be the ones suffering over something they had no control of,” Ganatra says.
Now more than ever, people are looking to companies like Americor to help them find relief from mounting debts. “By putting people’s needs first, we earn the trust and respect of our customers that has translated into major growth year after year.”
Americor takes an aggressive approach to debt relief so people can fast track their way back to financial security. They combine multiple debt relief tactics to erase debt faster. The first step to the process is settling all debts with credit companies quickly as possible to escape high interest payments.
Americor’s rapid growth as a company hasn’t gone unnoticed. The firm recently ranked 3rd for financial services by Inc. Magazine. It also landed in the 24th spot out of the 5,000 fastest growing private companies in America, on Inc. Magazine’s Inc. 5000 list.
The Inc. 5000 is a prestigious list of growing companies on the rise released by Inc. Magazine each year. This achievement puts Americor in rarefied company including organizations such as Microsoft, Timberland, Vizio, Intuit, Chobani, Oracle and Zappos.com. These well-known names also gained their first national exposure as honorees on the Inc. 5000.
The companies ranking on the 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over one million jobs over the past three years.
“We will continue to fight for the people that have been hurt most during the shutdown,” Ganatra says. “By putting people’s needs first, Americor has found much growth and success in just a few short years. This growth is only expected to continue as people start to realize they have a better option when it comes to debt relief.”