Debt Settlement as an option if you are in a financial crisis
Debt Settlement is an alternative approach for consumers dealing with being over burdened with too much debt and may serve as an option for those considering bankruptcy.
Debt Settlement companies negotiate with your creditors, on your behalf, in an effort to settle your unsecured debt for a drastically reduced amount. Skilled program advisers have consistently negotiated unsecured debts down to as little as 35-55% of the current amount owed.
Debt Settlement Association Shares Concerns, Promotes Protection
(MADISON, Wis.) – The Association of Settlement Companies (TASC) is committed to providing a valuable service to people in financial distress and is reminding consumer’s and critics that it continues to promote fair business practices, consumer protection and industry standards for the debt settlement industry.
TASC is a non-profit watchdog organization for debt settlement companies, priding itself on holding its member companies to the highest of business ethics and standards, as evidenced by its member guidelines. These guidelines, which can be found on www.tascsite.org, steer companies on how to best help consumers manage debt and get them back on their financial feet.
Debt Settlement Industry Works Toward Regulation
(MADISON, Wis.) – The Association of Settlement Companies (TASC), the non-profit watchdog organization for self-regulating the debt-settlement industry, today announced its efforts on both a state and national level to have legislation passed that regulates debt settlement companies.
TASC has been working actively with legislatures and regulators to get fair legislation passed to encourage responsible conduct among debt settlement companies and to ensure debt settlement remains a positive, viable debt relief solution for consumers seeking an alternative to bankruptcy.
Consumers Better Served by Debt Settlement Companies
(MADISON, Wis.) – Consumers seeking to manage their debt have higher success rates when using credible debt settlement companies rather than credit counseling services, The Association of Settlement Companies (TASC) revealed today in its analysis of both industries.
TASC, the non-profit watchdog organization for self-regulating the debt-settlement industry, gathered the information from various sources, including the Consumer Federation of America and National Consumer Law Center, the Executive Office for the U.S. Trustees and testimony by credit counseling companies.