After primarily focusing on credit card debt consolidation, — Derby Advisors is slowly changing its operations to become a well-rounded shop for anyone seeking debt-related assistance. This means that the company will now also accept clients whose liabilities may not solely consist of credit cards. Thus, the eligibility criteria will become a lot looser, and the approval rates will begin increasing.
As a company that works in debt consolidation, Derby Advisors' business model revolves around lending money to customers who need to pay off their existing liabilities. The main reason why most of them choose the service is to reduce the interest rate that they are presently paying. For example, if someone's credit card debt is accompanied by a gigantic APR, there is a good chance that the amount owed will rise as fast as one makes their payments. By working with Derby Advisors, however, people can take out loans that will have a much lower interest rate. Then, they can repay the current balance and focus on paying off the new loan without worrying about the constant increase in debt due to the skyrocketing interest rates.
To reach the goal of becoming a one-stop service, the company is also launching a brand-new website that will combine contemporary design with timeless features. Examples include a blog that will highlight posts about debt consolidation, a debt-reduction calculator, both video- and paper-based tutorials, and customer reviews. Those who are interested in consolidating their outstanding balances should take advantage of the said tools to learn more about the amount that they might be able to save and get familiar with the overall application process.
Individuals who are ready to apply, regardless of the nature of their debt, will also use the website to create their profile and estimate their current payments. This is where the income verification, a detailed analysis of the current debt, and someone's assets will come into play. Courtesy of the online system, however, applicants will be notified about their status within a few business days, if not sooner.
If you are interested in finding out more about the company's expanded offering, the necessary documentation, or the timeline related to the application process, the easiest solution would be to reach out to a Derby Advisors' spokesperson.
Release ID: 88927635