In order to assist people in paying off their debt and regaining control over their money, Timberline Financial was established in 2014. The program offers a variety of services, such as debt negotiation and settlement, financial coaching, and budgeting. Its mission is to assist individuals and families in increasing their savings, raising their credit scores, and eliminating debt. On timberlinefinancial.com, the business promotes its services.
- 25th best financial firm, USA (INC Magazine)
- Minimum Debt $10,000
- No Minimum Credit Score
- $3 billion+ debt resolved
- BBB A+ Rating
- Minimum Debt $7,500
- No Minimum Credit Score
- $500 million debt resolved
Summary
A lot of research must be done before choosing a debt settlement company. Timberline Financial may not be the greatest option for you, despite the current media exposure it has received. It is crucial that you examine the services they offer in order to make an informed decision. To determine if it is the best fit for your budget, read the description of their services in this article.
We just took a hard look at this company’s processes and website. The main conclusions we reached are outlined in the list below.
- Their approach resulted in an average debt settlement of 47% before fees or 67% to 72% after expenses.
- Because of a variety of factors, including their capacity to save enough money, not all of their clients are able to finish their program.
- They make no promises about the amount, percentage, or timeline in which your obligations will be paid off.
- It does not take over your debts, pay your creditors on a regular basis, or offer tax, bankruptcy, accounting, legal, or credit repair advice.
- This service may not be offered in all states, and prices may change depending on where you live.
Timberline Financial: What Is It?
A financial services company called Timberline Financial specializes in debt refinancing and consolidation. They create debt relief packages that are customized to each client’s particular circumstances and provide solutions for both residential and business clients. Its main objective is to provide exceptional customer service while helping clients reduce their monthly payments and pay off their debt. They may be reached at (855) 250-8329 and are located in New York, NY.
Timberline Financial has not received a rating from the BBB and is not currently accredited. It receives 18 customer reviews, and during the last three years, 41 complaints have been resolved. Consumers have given the business a 1-star rating out of 5 due to the extremely negative reviews.
How Does It Work?
Those who use Timberline Financial Services might bargain for a cheaper debt settlement price. The procedure starts with a free consultation when the client can speak with a certified debt professional about their financial position. Following that, Timberline Financial will design a unique repayment strategy that fits the customer’s spending plan. The customer will then make one lump sum payment to Timberline Financial for the entire outstanding balance. After the debt is settled, Timberline Financial will work with the client to help them thrive financially by helping them build credit.
How To Qualify For Timberline Financial Program?
A person must have at least $10,000 in unsecured debt, which includes credit card debt, medical debt, personal loans, and other obligations not secured by collateral, in order to be eligible for the Timberline Financial program. Also, participants must be able to prove that they have the financial means to make the program’s needed payments and be prepared to commit to the program for at least a year. Last but not least, candidates for the debt settlement program at Timberline Financial need to meet the credit score requirements.
Timberline Financial Reviews And Rating
Timberline Financial is not yet accredited or certified by the BBB. 41 complaints have been resolved over the last three years, with a median of 18 customer evaluations. Customers have given the business a rating of 1 out of 5 because there are so many unfavorable comments.
Here are some reviews about Timberline Financial:
John w 12/03/2022
Mike G 11/02/2022
Doug R 05/20/2022
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FAQs About Timberline Financial
How Much Do Timberline Financial Debt Settlement Services Cost?
According to each client’s demands, Timberline Financial offers debt settlement services. Their rates vary according to the complexity of the problem and the overall amount of debt that needs to be settled. You can discuss the precise amount with a Timberline Financial representative during the initial appointment. Their rates often run from 15 to 25% of the debt cleared.
Are There Any Penalties For Prepayments?
Customers have the option of paying down their debt at their own pace through the debt settlement program offered by Timberline Financial, which has no prepayment penalties. They assert that they can ensure consumers will get the greatest alternative for their ailment through flexible payment options and cost-free consultations.
How Does This Company Impact Your Credit?
Although using debt settlement services may appear to be a sensible strategy to lower debt and improve creditworthiness, it may actually have the opposite impact. Creditworthiness may be harmed by collection actions and legal action taken by creditors or collectors, and the fees and interest incurred may increase rather than decrease the debt. So, it is essential to weigh the benefits and potential drawbacks of using debt settlement services before making a decision.
How Do You Cancel A Debt Settlement Program With Timberline Financial?
It’s simple to stop a debt settlement program with Timberline Financial. To end the program, you must first contact Timberline Financial by phone or email. Don’t forget to provide your full name, phone number, and account information. Timberline Financial will give you a cancellation confirmation number once you have given them all the required information. You may be sure that your debt settlement program has been fully ended once you obtain the cancellation confirmation number. For your records, keep a copy of each document linked to the cancellation.
They may also inform your creditors of the cancellation by getting in touch with them. Please contact Timberline Financial once more to ask about the cancellation of your account and be aware that any fees or overdue sums may still be necessary.
Do you have money problems? Here are some pointers to help you get moving again.
Do you struggle with money? Keeping track of your bills, credit cards, and other spending may be challenging. Yet, you may get back on track and start saving money with a few budgeting techniques. Here are some pointers to help you get moving again.
Start by keeping a one-month log of your spending. You’ll be able to see where your money is going as a consequence. Include everything in your budget, including gasoline and groceries. You can start making changes as soon as you are aware of where your money is going.
Establish a budget. By doing this, you’ll be able to stick to your timetable and your spending limit. Create a budget that accounts for all of your necessary costs, such as groceries, electricity, and rent. Decide on a certain amount to set aside in your budget for discretionary expenses, and monitor your spending to ensure that it stays within that range.
Lessen your expenditures on non-essentials. Identify areas of your spending where you can reduce or stop buying altogether. Going out to eat or shopping for new clothing might be part of this. Cutting back on these unnecessary expenses can help you save a surprising amount of money.
Find ways to save money. Shopping for deals, taking advantage of discounts, and using coupons are just a few ways to cut costs. You should also seek ways to reduce your monthly expenses, such as by changing to a phone plan or an energy supplier with a more affordable rate.
Last but not least, remember to cover your expenses. If you have a lot of debt, you can find it difficult to attain your financial objectives. Pay off your credit card debt and other debts as soon as you can. If you’re having difficulties paying your payments, think about refinancing or debt consolidation.
You can get back on track and start saving money by following this advice. You can make ends meet and reach your financial objectives by sticking to a budget and reducing your spending. Good fortune!
Timberline Financial: Is It A Legitimate Company?
Timberline Financial has offered assistance with debt settlement since 2014. The business has 18 customer reviews and 41 complaints that have been satisfactorily resolved in the last three years, despite not having a BBB rating or accreditation. Customers have awarded the company a score of 1 out of 5 due to the significant quantity of negative reviews.
When selecting a debt settlement company, much research must be done. To ensure you get the most out of your financial investment, check customer reviews, make sure the company has a successful track record, that it is appropriately certified and managed, and make sure the services being offered are open and honest.
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Timberline Financial Review
Since 2014, Timberline Financial has provided aid with debt settlement. Despite not having a BBB rating or certification, the company has 18 customer reviews and 41 complaints that have been satisfactorily addressed in the last three years. Due to the substantial number of unfavorable reviews, customers have given the business a rating of 1 out of 5.
