From Guest Blogger Jenny Richards: Green Finance Could Work Hand In Hand with Debt Relief Companies to Help Save the Environment

Green finance is very important these days as more and more individuals, companies, organizations and governments begin to realize the importance of saving the environment for current populations and for posterity’s sake.

In previous generations, getting green financing was an almost impossible endeavor. This is mostly because it was not possible to prove indisputably the science behind some of the environmental impacts that man makes on the environment.

These days the science is becoming more and more irrefutable and individuals and organizations are being encouraged to do their part to save the environment.

The increase of green funding has therefore become more common place. As you know, anytime there is a lender this almost automatically brings with it debt issues or challenges. Like with most, more traditional debt relief companies, the green industry, which is relatively young could learn from more established and reputable companies. Click here to know more.

How debt relief companies can help

Debt relief companies could hedge the financing and investment risk of new and innovative green technologies that if proved to be achievable could help to save the world from a dependence on old technologies that ruin the environment.

If the financed green technologies fail and are not able to generate a return on investment and therefore are unable to re-pay the green financing institutions, debt relief companies should come into action.

It may seem counter intuitive to bring on board debt relief companies to the table when discussing green funding but below you can find a highlight of the benefits of doing so.

• From the get go, individuals, companies and other organizations seeking green funding will be made aware that the green funding money should be taken very seriously and should not be used on projects that don’t have high chances of success.
• Debt relief companies will do as much as they can to return money that would otherwise have been lost back to green financing institutions.
• Green individuals, companies and other organizations that look for these green funds, learn how to think about their green projects in a financially sustainable ways.
• If the green projects fail, the skill and expertise of debt relief companies will help the individuals, green companies and green organizations work through the debt and pay it off eventually.

In the event a debtor does not repay a debt owed to a green financing company according to the agreed terms, the options or methodologies that a debt relief companies could use include:

• Reduction of the periodic payments in order to make the debt more manageable to the debtor.
• Reduction the overall repayable amount wholly or partially especially if the debtor will not be able to pay the loan at all.
• Financial recourse and instruments to save the debtor from creditors for example filing for bankruptcy and credit defaulting. These can be a last resort if the debtor cannot pay back the debt at all or if the debtor will incur too much damage on repayment of the financing.

Hopefully, the ideas above will be taken on board sooner than later in order to save the environment.