Does The Face To Face Debt Settlement Model Work For Debt Settlement Affiliates?

April 22, 2012 - PRLog -- Debt Settlement is moving in a new direction.   YES there is a still lot of money to be made, but only collected when earned.  What’s wrong with that?

Some companies out there unfortunately want to keep things the way they were 5 years ago.   NOT GOOD!  You cannot charge all FEES up front, like companies did 5 years ago.

http://www.prlog.org/11820877-golden-financial-services-discusses-the-future-of-debt-settlement.html

A majority of the back-end and well known debt settlement companies are participating in what’s known as “a face to face debt settlement model.”  Talk about walking on the edge of a cliff.  The idea is that if a representative from the debt settlement company meets with the consumer FACE TO FACE, walking the consumer through signing the client debt settlement agreement, they will be compliant with the law and can still charge upfront fees.   NOT GOOD!  Remember the law says “for-profit companies that sell debt relief services over the telephone may no longer charge a fee for the debt settlement program before they settle or reduce a customer’s credit card or other unsecured debt.”

http://usdebtsettlementaffiliates.com/

I was introduced to 1 of the GFS affiliates that tried this face to face model, before coming onto the Golden Financial Services team.  This is what he had to say.

“We tried the face to face model for about a year and it just was not working.  45% of the potential clients that should have signed up, never signed up, or were not approved for the program, for one reason or another.   45% or more of our business went down the drain.   Consumers more than often would not answer the door when our company representative arrived.  Then we would often have consumers make appointments for the face to face meetings, and then would cancel their appointment right before the meeting.  Then of course we had our share of consumers, that would provide us wrong addresses for the place to meet or they would provide us correct directions, but would not show.  We still had to pay company representatives to take these trips. Sometimes it would take us a month to get a client approved for the program.  It was not efficient.  The entire experience was NOT FUN.  We lost most of our company savings, and thankfully Golden Financial Services connected with us.  http://www.goldenfs.org

Melissa Arguelles at Golden Financial Services, who is a manager, said the following.
“At the end of the day, are you 100% compliant? Will your model be around for 10 years or longer?   Will most of the clients graduate to be debt free?   If your answer is “yes” to all of the above, then that means you will most likely be successful.  Guess what?   Money will follow success!”

Golden Financial Services has what works.  Their clients are educated with more than 15 educational services in the first 30 days, the clients get defense from lawsuits, and clients graduate!  The educational services include an insolvency analysis, asset preservation analysis, review of all the federal collection laws, as well as the laws in the client’s state to help them use the FDCPA Enforcement program and more!  The services are aimed towards ensuring that the client is financially fit at the end of the program.  

Affiliate director at Golden Financial Services stated “with the service the customers get the retention is better than ever, and I believe this is solid long term business once again.  We signed on a few of the larger debt settlement offices over the last 2 years, that had been working on a face to face debt settlement model prior to coming on board with us, and they all seem very satisfied with their business today.   The money starts coming in faster than you would think, and a lot of it, especially when you have aggressive negotiators’ working on settlements. We are growing on a monthly basis, we have fewer refunds we have to deal with, lawsuits are handled by the attorneys that Golden Financial Services connect to the consumer and the future is looking bright.” https://twitter.com/#!/gfsfinancial

The good news is at the end of the day, consumers win, reputable debt settlement companies win and the banks win with debt settlement!

http://www.prlog.org/11832945-golden-financial-services-provides-value-to-debt-resolution-affiliates-and-tax-resolution-affiliates.html