Crossroads Financial Technologies review: Important reminder about working with debt resolution companies

Important Reminder About Working With Debt Resolution Companies

If you're considering working with a debt resolution company like Beyond Finance, it’s essential to understand how the process works and what it might cost you in the long run. Typically, 25% of your total enrolled debt will go directly to the company as their fee. For example, if you have $15,000 in debt with one creditor, you could end up paying $3,750 to Beyond Finance — on top of your negotiated settlements.

Your account is often managed through a third-party trust account, such as CFT, where your monthly payments are deposited. These payments are then disbursed — first to cover fees, and eventually toward individual creditor settlements. This means your creditors may not be paid until months or even years into the program, which can negatively impact your credit score, especially since you’re generally advised to stop making payments to your creditors during this time.

From my personal experience, I strongly recommend trying to work directly with your creditors first. Most are surprisingly willing to negotiate or arrange payment plans — especially if you’re proactive, honest, and consistent. Direct communication can help you avoid hefty fees, protect your credit more effectively, and resolve your debts faster.