Fintrack

What does Fintrack do for me?

Fintrack is a finance management service in which we create a financial plan and manage your ongoing budget with one easy payment. We also review your loans for better alternatives, provide tips and hints, educate you about money and best of all teach you how to generate income. Fintrack is dedicated to eliminating debt to allow YOU to escape the slavery of debt. We work for YOU!

Is it a loan?

No, we don't continue the debt cycle. Fintrack manages you out of debt and if you need consolidation we will point you in the right direction. We do not write loans as this would mean being paid by the lender and thus causing a conflict of interest as we work for YOU and not the Lenders.

Why is it that you can manage my finances better than I can?

We do this for a living and know what is required and how we can save money and generate income.

Will I lose control of my finances?

Absolutely Not. In fact you will have more control. Your plan is a 'live' and dynamic budget. If you have an emergency come up or want to make a change to your budget you simply contact your Fintrack Finance Consultant and your budget and payments are adjusted automatically.

How do I know I will have enough to live on?

During our preliminary planning, the very first thing we focus on are your living necessities. We feel your ongoing household needs play an important part of your satisfaction with the plan. As those needs vary, we can alter your plan.

What if my expenses are greater than my income?

This is very common and we will negotiate with your creditors to obtain the lowest monthly payment obligation that fits within your family budget.

What if I get an unexpected bill?

Just send it to us and we will either use contingency savings set up for just this purpose or will re-juggle your budget to accommodate payment of the bill.

What bills can I include to be managed?

Any obligation you have should be brought to our attention. This includes private loans from parents and family, and one-off bills such as veterinary, car repairs, gap payments, as well as normal payments such as loans, credit cards, rent, electricity, etc.

Will bill collectors still call me and how do you help?

For the most part, your calls should stop as we contact your creditors and advise them we are managing your Financial obligation. If a collector does call, just give them our telephone number and we will handle the rest.

How will I know my bills are being paid?

We send you a monthly progress report detailing all transactions made on your behalf.

How much does it cost?

We charge a monthly membership fee based upon the service level you require. You can cancel at any time, no obligations!

What is the benefit of using a Fintrack?

Financial Freedom - Many of our clients feel immediate satisfaction as we begin managing their budget and guiding them on their way to meet their financial goals. Live & dynamic budget - Your budget is a 'live' budget, which means that as your situation changes, so does your budget, automatically and without you having to worry about it. Make the right financial decisions - You will be able to make the right financial decisions while maintaining total control of your spending.

What is an Informal Agreement?

Fintrack reviews and prepares offers on behalf of you for approval by their
creditors as an alternative to a formal arrangement.

What is a Debt Agreement?

Debt Agreements were introduced into the Bankruptcy Act in 1996 as a mechanism for an alternative to Bankruptcy. The Debt Agreement is a deal between you and your creditors that has terms and conditions regarding payments to be made, interest to be charged and is a better alternative than Bankruptcy both for you and for the creditors.

Can I quit?

You can quit anytime!

Does Fintrack offer me financial advice?

No. We are not financial advisers. We never offer or sell you financial product advice and we offer recommendations only in relation to your budget and repayment plan.