Divorce is scary and stressful enough. We want to be part of the solution, and help clients transition into their new life ahead. It’s the right thing to do, and this program will change lives for the better.
Jacksonville, FL (PRWEB) May 11, 2016
QDRONow.com, which specializes in preparing QDROs for divorce attorneys across the country, has launched a groundbreaking program called “Bridging the QDRO Gap” that provides financial support for divorcing clients awaiting funds from a QDRO -- which is a period that can last for up to 24 months.
“It’s not uncommon for clients who are receiving $25,000 or more from a QDRO to find that they need funds to cover urgent expenses, which could include car payments, first and last month’s rent on a new home, or a portion of their legal bill,” commented QDRONow.com’s founder Dr. Robert Hetsler Jr., J.D., CPA, CVA, FCPA, CFF, MAFF, CMAP. “Now with our help, these clients don’t have to sell personal assets at a loss, or enter the alternative lending marketplace where they can face punitive interest rates – assuming they can get a loan in the first place, which for most non-financial spouses won’t be possible since they have little or no credit history.”
Qualified clients who take advantage of the Bridging the QDRO Gap program can secure financing through a financial firm and strategic partner of QDRONOW.com. Once approved, clients are only required to pay interest for the first six months (one payment per month). After that, principal plus interest costs are paid monthly, but amortized over 24 months rather than 18 months. As such, clients have 30 months from the day they first receive funds to pay back the loan.
In addition, unlike conventional bank loans, clients who wish to make extra payments to reduce their overall interest costs may do so without incurring pre-payment penalties. Conversely, clients who find themselves struggling to make payments can apply for a temporary “payment holiday” or term extension. Applications are evaluated on a case-by-case basis.
Furthermore, QDRONow.com is a recognized credit bureau reporting agent. As such, clients who make timely payments in -- or who, as noted above, proactively contact QDRONow.com to negotiate payment solutions in the event of cash flow difficulties -- will increase their credit score by participating in the program. This is particularly beneficial for clients who need to establish a credit history, so they can finance a home or car in the next few years, lower the interest rate on their credit cards, and so on.
“Bridging the QDRO Gap is not a revenue-generating program for us,” added Dr. Hetsler, who earlier this year pioneered the role Divorce Transitional Support Advisor, which is a specialist who works as a complimentary part of the overall divorce team and fulfills a role akin to that of clients’ personal Chief Financial Officer during their divorce. “We are categorically not doing this to make money or grow our bottom-line. Our purpose here is to support clients when they need it most. Divorce is scary and stressful enough. We want to be part of the solution, and help clients transition into their new life ahead. It’s the right thing to do, and this program will change lives for the better.”
For more details on QDRONow.com’s Bridging the QDRO Gap program, visit: https://www.qdronow.com/personalloan.
For all other information, including media inquiries, contact Dr. Hetsler at 844-234-QDRO (7376) or email Robert(at)qdronow(dot)com.
QDRONOW.com is a wholly-owned division of Qualified Intermediary Capital Advisors. The company is led by Dr. Robert Hetsler Jr., J.D., CPA, CVA, FCPA, CFF, MAFF, CMAP, who has been preparing retirement division orders for over a decade. Dr. Hetsler is a financial specialist in the division of retirement and pension accounts in divorce cases. Because of his unique set of financial skills, Dr. Hetsler is often called upon during divorce proceedings by attorneys and mediators nationwide to provide expert assistance in the division of retirement accounts. He has testified as an expert witness in divorce cases involving the valuing of retirement and pension accounts. He has also been retained to provide pension valuations and prepare qualified domestic relations orders (QDRO’s) for 401(k) accounts, military retirement divisions, pensions, 403(b) accounts, FERS, non-qualified plans and many other types of retirement accounts in thousands of divorce cases.
Learn more at https://www.qdronow.com.