GRT Financial, Inc.

GRT Financial, Inc.: unsecured debt resolution

GRT Financial, Inc. is a licensed debt resolution company headquartered in Southfield, Michigan. Its business focuses on representing clients seeking to negotiate reductions of unsecured debt, with performance-based resolution programs that aim to settle debts with creditors. The company does not offer debt consolidation or credit management services, and it does not pay consumers' debts.

Business model and transparency

GRT Financial ties its own revenue to the results achieved for the client: it charges fees only when it settles a debt, calculated as a percentage of the debt enrolled in the program. The company states that it is transparent about its fees and practices. It is a member of the Association for Consumer Debt Relief (ACDR), an organization that promotes best practices in the debt resolution industry.

Services and advisory approach

The main service consists of negotiating with creditors to reduce unsecured debt. The company performs a personalized financial assessment for each consumer and suggests the debt solutions for which they qualify, so that the client chooses the option that works best for them. GRT Financial does not provide tax, legal, or credit advice; if needed, it recommends consulting a tax specialist or an attorney.

Settlement results

The company publishes examples of settlements reached by its negotiation team. The published cases include the following:

• Julius A: $4,778 debt, $1,950 settled amount, 59% savings.
• Amanda L: $8,889 debt, $3,650 settled amount, 59% savings.
• Muqtadir S: $5,813 debt, $2,506 settled amount, 57% savings.
• Kevin S: $2,251 debt, $879 settled amount, 61% savings.
• Kathryn G: $2,995 debt, $1,350 settled amount, 55% savings.
• Jeffrey B: $3,020 debt, $1,304 settled amount, 57% savings.

The company itself notes that these results are general examples of past performance and are not a guarantee of future results. Debt forgiveness depends on individual circumstances and on creditors' willingness to negotiate, as well as on the client's ability to save funds.

Licenses and regulatory registration

GRT Financial, Inc. is licensed by the Virginia State Corporation Commission as a debt settlement provider with License no. DSP-6. It is also registered with the California Department of Financial Protection and Innovation under the California Consumer Financial Protection Law, with Debt Settlement Services Registration Number 01-CCFPL-1472076-3432946. Programs are not available in all states, and in some states the company may refer clients to professionals who provide the services.

Warnings about credit impact

The company notes that enrolling in a debt resolution plan may adversely affect your credit rating or credit scores. Nonpayment of a debt may lead creditors to increase finance and other charges or to undertake collection activity, including litigation. GRT Financial does not guarantee a particular result and does not discriminate on the basis of race, color, religion, sex, marital status, national origin, or ancestry.

Leadership team

The company's leadership team consists of Keith Schenkel, Chief Financial Officer, and Marty Hortick, Chief Technology Officer.

Location and contact

26711 Northwestern Hwy Suite #375 Southfield, MI 48033 · Phone: 248-469-8700 · Email: info@grtfinancial.com