Gemach Chasdei Yosef is pleased to announce the launch of its extensive new website. The company is a Jewish organization dedicated to providing compassionate and effective financial solutions tailored to clients’ needs. Professional guidance counselors are focused on helping clients take the first step toward financial freedom. Comprehensive solutions include interest rate reduction, credit card settlement, and assistance with credit card debt lawsuits.
The agency serves clients in 14 states, including New Jersey, New York, California, and Florida. Its mission is rooted in Jewish values of chesed (kindness) and tzedakah (charity).
Rabbi Ben Sion Abadi founded the agency in honor of Maran Chacham Ovadia Yosef zt”l. Under Rabbinical guidance, all practices adhere to Halacha.
Founder Rabbi Ben Sion Abadi explained in a recent interview, “Debt is not a life sentence. I began Gemach Chasdei Yosef to honor the memory of Maran Chacham Ovadia Yosef zt”l by leading individuals and businesses through financial and economic hardships to a life free of debt and financial pressure. Since then, we have been making waves and changing lives – one life at a time. In our daily activities at Gemach Chasdei Yosef, we value the opinions and principles of Rabbinical leaders. We follow all Halachic requirements in rendering our debt relief, which is almost in conformity with the borders of the Torah.”
An Interest Rate Reduction program lowers the Annual Percentage Rate (APR) on a credit card, reducing the interest rate and minimum payments on the outstanding balance. This makes monthly payments more manageable and helps to pay down debt faster. APR reductions are often negotiated through third-party assistance and provide a structured way to reduce debt costs without a settlement or impacting the overall credit report.
Debt credit card settlement is a financial negotiation process where the cardholder works with a creditor to reduce the total amount owed on outstanding credit card balances. The creditor may agree to a lump-sum settlement payment for less than what is owed. This arrangement guarantees the creditor will receive a percentage of the debt instead of potentially standing to lose the entire debt. This option can help individuals manage overwhelming debt but may negatively impact their credit score because debt settlements from creditors might not agree to the best deal. The professional team can help clients assess a settlement and obtain the best possible deal for the client.
Unlike Interest Reduction Programs, where you pay back 100% of the debt but at a lower negotiated rate, a Debt Settlement involves negotiating with the credit card issuer to reduce the total debt. Instead of paying the entire balance, the debtor settles the debt for a lower amount, which can help alleviate financial stress, especially for individuals struggling with high interest rates and late fees.
Gemach Chasdei Yosef’s team is dedicated to helping individuals and families regain control of their finances with compassion and sensitivity. Every team member is highly qualified and knowledgeable about effective strategies for overcoming credit card debt and deeply motivated to support each person’s unique journey toward financial stability. The professionals understand the challenges of debt and approach every case with respect, patience, and a commitment to finding the best solutions for lasting relief.
With expert support, clients can better manage their situation, explore options for debt resolution, and potentially avoid or lessen legal consequences. This support helps ease the stress of legal proceedings and provides clients with strategies for resolving debt more effectively.
Prominent Rabbanim, who deeply value the Jewish community’s economic stability, endorse the Gemach’s work and provide ongoing guidance to ensure strict adherence to Halacha in all aspects of the company’s efforts.
ABOUT:
Rabbi Ben Sion Abadi founded Gemach Chasdei Yosef after experiencing overwhelming debt challenges. He worked his way out of his financial issues and dedicated himself to helping others recover from debt. The practices and strategies are legal and customized. Additional details are available at gemachchasdeiyosef.com.
Media Contact
Company Name: Gemach Chasdei Yosef
Email: Send Email
Phone: (315) 636-2900
Address:13 Ponderosa Drive
City: Lakewood
State: NJ 08701
Country: United States
Website: gemachchasdeiyosef.com