From an Oil Services client in Texas:
“When we were first contacted by American Finasco, our company was facing over $6 million in past due accounts payable and we were facing numerous lawsuits and judgments from creditors. In the first three months after hiring American Finasco, they settled $1,400,000 of past due debt for $680,000 including their fee.
"We must admit that we had some concerns as to whether they could handle an assignment of our size and deal appropriately with the many lawsuits and judgments. We have been pleasantly surprised on all counts. American Finasco has not only handled our account very promptly and professionally, but has also produced a financial result far greater than we anticipated. In fact, by the end of the assignment they settled 4.5 million of our debt at a total cost of 2.5 million, or 55% of our initial debt.
"By the end of their assignment, they had dealt with over 500 vendors. We can highly recommend their service to any size company experiencing problems with past due accounts payable.”
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