Can TASC Save Debt Settlement Affiliates - What's Your Plan B?

May 5, 2010 - PRLog -- With Mayors, Senators and Attorney Generals hot on the trail of unregulated debt settlement companies that have seemingly grown viral by setting up debt settlement affiliates, the end looks near.  As soon as next week or at  latest, June 15th 2010.   Talk about the rug being pulled out from beneath you if you're still dependent on the remaining 20 debt settlement "green states".  Their claim, explained in the Reader's Digest version; debt settlement sales agents promoting debt settlement services have been recorded saying, "stop paying your credit cards, I can settle your debt for 25 cents on the dollar," and apparently, that's a no-no.

>>> Make the Move to the Attorney Based Debt Resolution Model - http://www.TaxDebtNetBranch.com - Call 888.505.1792 for Immediate Attention.

111TH CONGRESS
2D SESSION S. 3264
To amend the Consumer Credit Protection Act to provide for regulation
of debt settlement services, and for other purposes.

Sen. Charles E. Schumer (D-N.Y.) is planning to introduce a bill this week that would prohibit the debt settlement industry's advance fees and cap the total amount charged to as little as 5% of the settled debt and a $50 maximum setup fee.  It would also allow consumers to cancel the program and receive a refund.  http://www.MerchLeads.com

It would probably be in your best interest that your debt settlement sales agents weren't claiming to be affiliated with government agencies or federal stimulus programs, as they too have been recorded by Federal Agencies says the Washington Post.
At this point, if you're still hard wired for the debt settlement business vs. the attorney based debt resolution program, you might find yourself being frowned upon by friends and business associates, as daily news stories are being publicized by major periodicals like Reuters, The New York Times, The Washington Post, CNN, CNBC, ABC, NBC, FOX just to name a few, exploiting the amount of consumer complaints.

Let's get specific.  "It is appalling beyond words," Sen. John D. Rockefeller IV (D-W.Va.), who heads the committee, said at the hearing. "These debt-settlement companies are kicking people when they are down."

Friday, April 23, 2010, "A government investigation into the burgeoning debt-settlement industry has found that many firms misled consumers by claiming to be affiliated with federal stimulus programs and exaggerating their ability to reduce consumers' loans," reported the Washington Post.

Fast forward to not having to deal with this problem.  Your larger scale call centers, mortgage offices, credit repair companies, loan modification companies, tax relief affiliates, and the like have already made the move from the once thriving debt settlement green state model, to the more widely accepted and consumer friendly attorney debt resolution model.  

The advantages of becoming an attorney debt resolution affiliate include the ability to service 48 States while your clients are properly represented by a debt resolution attorney in every state.

And get this, upon your client finding value in your fully explained attorney based debt resolution program, they immediately receive a call from a paralegal welcoming them to the program. Your client is now a client of a law firm that that has a fiduciary responsibility to their clients as per their law license.  Lastly, the paralegal give your customer their contact information and informs them to call them directly in the future.  Wow.  This is icing on the cake next to not being shut out of the debt settlement industry all together.

Then again and in all likelihood, the debt settlement industry won't just go away, but regulation, as proposed by the aforementioned information may squeeze out the under capitalized back end debt settlement affiliates says, Richard Preisig - http://TaxResolutionAffiliates.com

"This shake up in the debt settlement arena is good for the industry
and will likely reinforce the values practiced by the quality debt
settlement companies out there," states Rich Preisig - more.

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Richard Preisig aka Rich Preisig promotes consumer advocacy across the board.

Mr. Rich Preisig is a published author and debt settlement affiliate and attorney based debt resolution program expert. Be sure to view his many articles at http://www.richardpreisig.com. Thank you for reading!