When facing overwhelming debt, choosing the right relief company is crucial. Strategic Financial Solutions, also known as Strategic Consulting, offers customized debt relief solutions to help individuals regain financial stability. In this article, we’ll delve into who they are, how they operate, the services they provide, customer feedback, and recent legal proceedings.

If you’re exploring debt relief options, remember that CuraDebt offers a free consultation to help you determine the best path forward for your financial situation.

What Is Strategic Consulting?

Strategic Financial Solutions (SFS)—also known as Strategic Consulting—was founded in 2007 and is headquartered in New York City. The company specializes in assisting clients with reducing their debt burdens through personalized solutions. They primarily focus on unsecured debts, including credit cards, medical bills, and personal loans. Their mission is to empower clients by creating financial plans tailored to individual needs, emphasizing transparency and personalized service.

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How Does Strategic Financial Solutions Work?

SFS primarily offers debt settlement services, which involve negotiating with creditors to reduce the total amount owed. Their process typically includes:

Initial Consultation: A free session where clients discuss their financial situation, including the types and amounts of debt.

Customized Plan Development: Based on the consultation, SFS creates a personalized debt relief plan aligned with the client’s goals and budget.

Debt Settlement Process: SFS negotiates with creditors to settle debts for less than the original amounts. Clients make monthly deposits into a dedicated account, which is used to pay off the negotiated settlements.

Program Completion: Once all settlements are reached and paid, the accounts are marked as resolved.

The duration of this process varies depending on the client’s debt load and financial situation.

Services Offered by Strategic Financial Solutions

SFS offers the following services:

Debt Settlement: Negotiating with creditors to settle debts for less than the original amounts owed.

Debt Consolidation: Assisting clients in consolidating multiple debts into a single loan with a lower interest rate to simplify repayment.

Financial Consultations: Providing consultations to help clients understand their debt relief options and determine the best course of action.

Educational Resources: Offering online materials to educate clients about debt relief, budgeting, and financial planning.

Strategic Financial Solutions Reviews

Let’s look at what people are saying about Strategic Financial Solutions across various review platforms. These insights provide a balanced view of the company’s service quality and customer satisfaction.

Trustpilot

On Trustpilot, Strategic Consulting holds a solid reputation with an average rating of 4.3 out of 5 stars, showing that many customers are satisfied with their services. Here are a few specific reviews:

Positive Review: “I reviewed several debt consolidation programs. This company explained everything in detail and in a language I could understand. They guided me with the best options for financial freedom for me.”

Positive Review: “I’m so excited to start on the path to being free from all the credit card debt that I had gotten myself into.”

Negative Review: “I recently started a program with them and things were fine until I decided to go a different direction with my finances. I tried writing an email to end my participation in the program and asked for unused money to be refunded. My emails have gone unanswered, so I tried calling, no answer, not even voicemail. My advice is, be sure their service is what you want because you won’t be able to get a hold of them after.”

Google Reviews

Google Reviews reflect an even higher satisfaction rate, with an average rating of 4.7. Here are a few of those reviews:

Positive Review: “I’m so glad I found Strategic Consulting. They handled my case with care and were transparent about the fees and process. I would definitely recommend them to anyone struggling with debt.”

Positive Review: “This is my first time speaking my dealings with this firm, each and every individual I have spoken to has been extremely professional, and makes you feel important.”

Negative Review: “These guys are scammers. They get you to sign a bunch of paperwork, give them your account details, and then you never hear from them again. They don’t pay off your debts, they leave you dry and owing your creditors, all the while your credit goes down the drain.”

Better Business Bureau (BBB)

On the BBB website, Strategic Consulting has an average customer rating of 2.82 out of 5 stars. Some customers expressed frustration with the communication process. Here are a few reviews:

Positive review: “I Haven’t had anything but great experiences with Strategic. They consolidated over 36k in credit card debt from 4 different sources into one payment.”

Negative review: “It’s a scam. I fell for it. I read so many bad reviews and everything sounds like the same lies they told me. Furthermore, I tried to cancel the program, it hasn’t been more than 24hrs, but suddenly no one wants to answer my calls or emails. They ruin your credit and take off with the money. You’re better off struggling to make payments on your own.”

Negative review: “Don’t use. Not a debt consolidation loan as advertised. Several of my credit cards have been hacked ever since I declined their services. Coincidence, I think not! It is a scam and I want all of my personal info removed from their database immediately.”

Legal Proceedings Involving Strategic Financial Solutions

Strategic Financial Solutions (SFS), also known as Strategic Consulting, has recently faced legal challenges that have raised concerns about its operations. In January 2024, the Consumer Financial Protection Bureau (CFPB) and attorneys general from seven states filed a lawsuit against the company. Regulators allege that SFS engaged in illegal debt relief practices by charging exorbitant and unlawful fees, swindling over $100 million from financially struggling families.

The CFPB has accused the company of misleading consumers and failing to deliver the promised financial relief in some cases. As part of the ongoing legal action, regulators are seeking to halt the company’s operations and secure restitution for affected individuals.

While Strategic Financial Solutions has denied the allegations, the case remains active, casting uncertainty over its business practices. Additionally, there is speculation online about whether the company may file for bankruptcy, although no official filings have been reported as of now.

This situation underscores the importance of thorough research when choosing a debt relief provider. Ensuring a company has a solid reputation, transparent practices, and a history of ethical behavior is crucial for consumers seeking financial relief.

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What Are People Saying On Reddit?

Discussions on Reddit about Strategic Consulting provide another perspective. In one conversation, a Reddit user asked whether Strategic Consulting is a trustworthy company. The responses were mixed, with one commenter advising caution, calling the company “a scam” due to the experiences others have shared online. These discussions can be valuable, as they provide real users’ opinions based on personal experiences or what they’ve seen others go through.

CuraDebt Reviews

As a debt relief company committed to customer satisfaction, CuraDebt holds a strong reputation with numerous positive reviews from clients who have successfully reduced or eliminated their debts. Clients often mention our transparent process, knowledgeable staff, and accessible support. Many clients say that working with CuraDebt has helped them regain control over their finances and reduce financial stress.

When it comes to debt relief, you need a partner who prioritizes your financial well-being, which is why CuraDebt offers a free consultation to help you find the best solution for your needs.

Conclusion: Is This Company The Right Choice?

Strategic Financial Solutions (also known as Strategic Consulting) offers debt relief services, but it’s essential to weigh the pros and cons. While they have positive reviews on platforms like Google and Trustpilot, their average rating on the Better Business Bureau and recent legal issues raise concerns.

When choosing a debt relief company, consider the following:

Reputation: Does the company have a strong track record of satisfied clients?

Transparency: Are fees, timelines, and processes clearly communicated upfront?

Legal Standing: Has the company faced any legal actions that could impact its operations?

If you’ve previously worked with Strategic Financial Solutions and are looking for a new path forward, CuraDebt can help. We offer a free consultation to explore personalized options tailored to your situation. With a proven track record of assisting clients in reducing debt and achieving financial freedom, we’re here to guide you every step of the way.

Take the first step toward a debt-free future. Schedule your free consultation with CuraDebt today!