Business

Saxton Associates Poor Review: Credit Card Consolidation

Published

5 years ago

May 11, 2020

Matthew Wiles

Saxton Associates and Credit 9 has been flooding the market with credit card consolidation offers.

Should you respond to Saxton Associates or Credit 9 and trust them with your debt consolidation process?

If you have been thinking about it and you just received a “too good to be true” loan offer in the mail from Saxton Associates or Credit 9 – follow your instincts. Do you really think you qualify for a 3.99% interest rate? Do you really think that reservation code is especially for you?

Credit card consolidation can help you in a number of ways to eventually pay off your entire debt. It can provide you with many benefits, such as reduced overall interest rate, lower monthly payments and simplified payments.

Credit card consolidation combines all of your credit card balances into one grand total. Thus, you have to make one payment each month rather than multiple payments. The right credit card consolidation option payment entails smaller interest expenses, which, in turn, makes debt repayment much easier.

Here are the 5 best credit card consolidation options that you can consider to pay off your credit card balances:

Credit Counseling

Working with a non-profit credit counseling firm is one of the best means of credit card consolidation. These firms first analyze your unique financial scenario and then suggest a plan that will help you to overcome your financial problems. Non-profit credit counseling firms can serve you in a number of ways. They can help you with budgeting, spending habits, debt management and money management.

However, before committing yourself to any credit counseling firm, you must do your research to ensure that it is a reputable organization.

The credit counseling firm will negotiate with your creditors so that you gain concessions to help you pay off debt. All of your credit card balances will be combined into a single amount so that you have to make a single monthly payment. You will make the payment to the credit counseling firm, which will then pay your creditors. Credit counseling firms negotiate with creditors to lower your interest rate, reduce the debt amount, waive fees or gain any other concession.

You may have to pay fees for some credit counseling services. You may also have to agree to certain terms, such as not applying for a new line of credit or using the credit cards that you currently hold.

Personal Loan for Credit Card Consolidation

Personal loans are another means of credit card consolidation. You can take out a personal loan to pay off all your credit card balances. When all your credit card balances are settled, you will need to make only one monthly payment to the creditor that extended the personal loan. This will simplify payments and save you time and effort. A good choice of personal loan may also imply a reduced interest rate.

If you have good credit, your chances of getting lower interest rates on a personal loan may increase. The advantage of personal loans is that many different kinds are available to borrowers. Each one of them has their specific terms and conditions. You can select a personal loan with terms and conditions that can help you with debt management. There are also lenders that submit funds directly to credit card companies to minimize the chance that the loan amount will be used for any other purpose. A prequalification option is also available with many lenders. You can take advantage of this to search for options without bringing down your credit score. This might be a good credit card consolidation option for you.

The biggest drawback to personal loans is that you will have to meet the lender’s criteria in order to qualify. If you have a low credit score, then you may not be able to get an interest rate that is substantially lower than your credit cards. You will also have to watch out for origination fees, which add to the cost of paying back debt. You may have to pay hundreds of dollars as origination fees with some lenders.

Balance Transfer Credit Card for Credit Card Consolidation

With the help of a balance transfer credit card, you can transfer all of your credit card balances into your new account. Most balance transfer credit cards carry a zero percent introductory APR that extends into several months. This zero APR time frame can give you the opportunity to pay back your credit card debt without incurring any interest. Debt payment will be much easier without accumulating interest, making this a viable credit card consolidation option.

However, to take full advantage of balance transfer credit cards, you must pay back the entire debt within the zero APR time period. Otherwise, you will have to pay interest on the balance transfers and the plan will backfire.

One key point to look out for is the balance transfer fee. Some cards impose balance transfer fees that increase the burden of debt payment. You cannot transfer an amount greater than your credit limit.

Take Help from Friends and Family for Credit Card Consolidation

You can also think about getting money from your friends or family members if that is possible. However, before obtaining funds this way, make sure that you work out the details of repayment terms so that there is no dispute later on about payments.

The biggest advantage of this credit card consolidation method is that you do not have to meet the eligibility criteria to qualify, as is the case with financial firms. The interest rate may also be likely lower.

One major drawback is that it can possibly strain your relationship if you fail to pay back on time.

Home Equity Loan for Credit Card Consolidation

Before going any further into the details, you should know that this is the riskiest method since you can possibly lose your home. Thus, you should think about it only if you have exhausted all options and are certain that you have the means of paying back the loan in time.

You can take out a home equity loan with your home as collateral. That is, your home equity serves as a security for the loan. There are two advantages to this. First, you are putting your home equity to use. Second, since this is a secured loan, the interest rate may be lower than your credit cards, which are unsecured loans. The lower interest rate may be a big boon for debt repayment.

The major disadvantage of this credit card consolidation method is that if you are not responsible enough, then you could end up losing your home. Defaulting on repayments will give your creditor the right to press for a foreclosure on your home to regain the amount that you owe.

Business

13 Reasons Investors Are Watching Phoenix Energy’s Expansion in the Williston Basin

Published

7 hours ago

April 23, 2025

Matthew Wiles

As energy security becomes a growing priority in the United States, companies focused on domestic oil production are gaining attention from investors. One such company is Phoenix Energy, an independent oil and gas company operating in the Williston Basin, a prolific oil-producing region spanning North Dakota and Montana.

Phoenix Energy has established itself as a key player in this sector, expanding its footprint while offering structured investment opportunities to accredited investors. Through Regulation D 506(c) corporate bonds, the company provides investment options with annual interest rates ranging from 9% to 13%.

Here are 13 reasons why Phoenix Energy is attracting investor interest in 2025:

1. U.S. energy production remains a strategic priority

The global energy landscape is evolving, with a renewed focus on domestic oil and gas production to enhance economic stability and reduce reliance on foreign energy sources. The Williston Basin, home to the Bakken and Three Forks formations, continues to play a critical role in meeting these demands. Phoenix Energy has established an operational footprint in the basin, where it is actively investing in development and production.

2. Investment opportunities with fixed annual interest rates

Phoenix Energy bonds offer accredited investors annual interest rates between 9% and 13% through Regulation D 506(c). These bonds help fund the company’s expansion in the Williston Basin, where it acquires and develops oil and gas assets.

3. Record-breaking drilling speeds in the Williston Basin

Phoenix Energy has made significant strides in drilling efficiency, ranking among the fastest drillers in the Bakken Formation as of late 2024. By reducing drilling times, the company aims to optimize operations and improve overall production performance.

4. Expansion of operational footprint

Since becoming an operator in September 2023, Phoenix Energy has grown rapidly. As of March 2025, the company has 53 wells drilled and 96 wells planned over the next 12 months.

5. Surpassing production expectations

Phoenix Energy’s oil production has steadily increased. By mid-2024, its cumulative production had exceeded 1.57 million barrels, outpacing its total output for 2023. The company projected an exit rate of nearly 20,000 barrels of oil equivalent per day by the end of March 2025.

6. High-net-worth investor offerings

For investors seeking alternative investments with higher-yield opportunities, Phoenix Energy offers the Adamantium bonds through Reg D 506(c), which provides corporate bonds with annual interest rates between 13% and 16%, with investment terms ranging from 5 to 11 years, and a minimum investment of $2 million.

7. Experienced team with industry-specific expertise

Phoenix Energy’s leadership and technical teams include professionals with decades of oil and gas experience, including backgrounds in drilling engineering, land acquisition, and reservoir analysis. This level of in-house expertise supports the company’s ability to evaluate acreage, manage operations, and execute its long-term development plans in the Williston Basin.

8. Focus on investor communication and understanding

Phoenix Energy prioritizes clear investor communication. The company hosts webinars and provides access to licensed professionals who walk investors through the business model and operations in the oil and gas sector. These efforts aim to help investors better understand how Phoenix Energy deploys capital across mineral acquisitions and operated wells.

9. Managing market risk through strategic planning

The energy sector is cyclical, and Phoenix Energy takes a structured approach to risk management. The company employs hedging strategies and asset-backed financing to help mitigate potential fluctuations in the oil market.

10. Commitment to compliance

Phoenix Energy conducts its bond offerings under the SEC’s Regulation D Rule 506(c) exemption. These offerings are made available exclusively to accredited investors and are facilitated through a registered broker-dealer to support adherence to federal securities laws. Investors can review applicable offering filings on the SEC’s EDGAR database.

11. Recognition for business practices

As of April 2025, Phoenix Energy maintains an A+ rating with the Better Business Bureau (BBB) and is a BBB-accredited business. The company has also earned strong ratings on investor review platforms such as Trustpilot and Google Reviews, where investors often highlight clear communication and transparency.

12. A family-founded business with a long-term vision

Led by CEO Adam Ferrari, Phoenix Energy operates as a family-founded business with a focus on long-term investment strategies. The company’s leadership emphasizes responsible growth and sustainable development in the Williston Basin.

13. Positioned for long-term growth in the oil sector

With U.S. energy demand projected to remain strong, Phoenix Energy is strategically positioned for continued expansion. The company’s focus on efficient drilling, financial discipline, and structured investment offerings aligns with its goal of building a resilient and growth-oriented business.

Final thoughts

For investors looking to gain exposure to the U.S. oil and gas sector, Phoenix Energy presents an opportunity to participate in a structured alternative investment backed by the company’s operational expansion in the Williston Basin.

Accredited investors interested in learning more can attend one of Phoenix Energy’s investor webinars, which are hosted daily throughout the week. These sessions provide insights into market trends, risk management strategies, and investment opportunities.

For more information, visit the Phoenix Energy website.

Phoenix Capital Group Holdings, LLC is now Phoenix Energy One, LLC, doing business as Phoenix Energy. The testimonials on review sites may not be representative of other investors not listed on the sites. The testimonials are no guarantee of future performance or success of the Company or a return on investment. Alternative investments are speculative, illiquid, and you may lose some or all of your investment. Securities are offered by Dalmore Group member FINRA/SIPC. Dalmore Group and Phoenix Energy are not affiliated. See full disclosures.

This article contains forward-looking statements based on our current expectations, assumptions, and beliefs about future events and market conditions. These statements, identifiable by terms such as “anticipate,” “believe,” “intend,” “may,” “expect,” “plan,” “should,” and similar expressions, involve risks and uncertainties that could cause actual results to differ materially. Factors that may impact these outcomes include changes in market conditions, regulatory developments, operational performance, and other risks described in our filings with the U.S. Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance, and Phoenix Energy undertakes no obligation to update them except as required by law.