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Tag Archives: tasc

Is This the Right Time For TASC and USOBA Members to Vote With Their Dues?

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My friend and fellow debt coach, Damon Day, had a recent article that raises a very good question. In the article he said: TASC and USOBA are funded directly through debt settlement company membership dues. Settlement companies that are members of these associations often pay thousands of dollars a month and that money is used directly by TASC and USOBA ... Read More »

TASC Does Not Seem to Get It. Quote Makes Me Question Their Version of Reality.

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In an article on CreditCards.com, Dave Leuthold, the executive director of The Association of Settlement Companies (TASC) and the CEO of Century Negotiations, Inc. (CNI) is quoted as making the following statement. “We’re disappointed that the FTC came out with this ruling, especially with regards to the advance fee ban,” Leuthold said in a telephone interview. “It’s just a fact ... Read More »

TASC Adjusts Member Standards to Prohibit Upfront Fees, But Not Front Loaded Fees

The Association of Settlement Companies today released the following press release. My comments are in [ ]. TASC Enhances Consumer Protection Association Revises Member Standards to Prohibit Upfront Fees And To Require Strict Marketing Guidelines WASHINGTON, July 20 /PRNewswire-USNewswire/ — The Association of Settlement Companies (TASC) today announced aggressive new requirements for its members to better protect consumers who enroll ... Read More »

Eagle One Debt Solutions – Reps Needed – Best Compensation for Closing Debt Settlement Leads

Eagle One Debt Solutions Help Wanted

A tipster (send in your tips here) sent in the following ad Eagle one Debt Solutions is running. Eagle One Debt Solutions claims they are a proud member of TASC, IAPDA, and Global Client Solutions. – Source What is interesting about the help wanted advertisement is you’ll notice it is not focused on providing best advice to consumers in trouble, ... Read More »

CRL Says TASC and USOBA Harm Ordinary Families at the Hands of Debt Settlement Companies

CRL Image

Here is another letter sent to the FTC in support of banning advance fees for debt settlement programs. It is notable for it’s strong statements and its well documented footnotes. Get Out of Debt Guy – Twitter, G+, Facebook Comments of Michael Calhoun, President, of the Center for Responsible Lending to the Federal Trade Commission Notice of Proposed Rule-Making: Telemarketing ... Read More »

The Truth About TASC

The Truth About TASC

Now here is an interesting web site. Who knew TASC had made so many friends that someone even put this web site out there. Thanks for the anonymous tip from one of the site readers. You can visit the site here. Archive Get Out of Debt Guy – Twitter, G+, Facebook I can always use your help. If you have ... Read More »

The Latest Delivery of TASC and USOBA Debt Settlement Horseshit to the FTC.

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There were some recent interesting meetings over at the Federal Trade Commission. These involved the proposed telemarketing sales rules the Federal Trade Commission is going to put forward. The first meeting was with representatives of The Association of Settlement Companies (TASC) and the United States Bankruptcy Alternatives (USOBA) in attendance. At the June 3, 2010 meetings from TASC were: Andrew ... Read More »

National Debt Settlement Bureau Rips Off TASC Web Site. Now That’s Funny!

Thanks to a tipster (send in your tips here) (Rachel) I just learned about the National Debt Settlement Bureau (ndsb.org). Apparently Nima Momayez is the president of the National Debt Settlement Bureau. – Source NDSB describes themselves as “NDSB is a consumer-protection association specifically committed to promoting fair and ethical business practices by debt settlement companies.” – Source But here ... Read More »

TASC and USOBA Members. You Are Only as Strong as Your Weakest Link.

Just back from a lovely ride on the motorcycle and all along the two hour ride I was thinking about a frequent complaint I hear from members of The Association of Settlement Companies (TASC) and United States Organization for Bankruptcy Alternatives (USOBA), “We are a member but we are a really good company and not like the groups you write ... Read More »

Why Do We Need Both TASC and USOBA? My Vote On Who Needs to Go.

TASC Wins Over USOBA

Just an observation. As the debt settlement industry fights back against legislation and regulation does the industry really need two trade groups? Isn’t that just more expensive and less efficient? They must be coordinating some efforts anyway. It seems that The Association of Settlement Companies (TASC) and the United States Organization for Bankruptcy Alternatives (USOBA) are rallying together more and ... Read More »

Senate Hearing on Debt Settlement Industry – April 22, 2010. Ouch! That’s Going to Leave a Mark.

Debt Settlement on Fire

The U.S. Senate held hearings today on the practices of the debt settlement industry. You can watch the entire video of the hearings below. It might be slow in the beginning but take your bathroom break before the halfway point. It gets good and you don’t want to miss a moment of it. Debt Settlement Senate Hearing 4-22-2010 from GetOutOfDebt.org ... Read More »

Transcript of Undercover Calls to Debt Settlement Companies by Government Investigators

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Here is a copy of the undercover calls government investigators made in their examination of fraudulent and deceptive practices by debt settlement companies. Get Out of Debt Guy – Twitter, G+, Facebook TRANSCRIPT OF UNDERCOVER GAO CALLS TO DEBT SETTLEMENT COMPANIES Telling consumers to stop paying their creditors. (Industry trade groups say their members do not do this.): Clip 1: ... Read More »

TASC, Are You Kidding Me With FreeDebtReductionHelp.com?

The Association of Settlement Companies (TASC) just sent out a press release (source) that contains the following statement: Going to a website like http://www.freedebtreductionhelp.com will ensure that consumers are paired up with a legitimate and TASC certified debt settlement company. Consumers that have at least $10k in unsecured debt and that can prove a financial hardship will qualify for a ... Read More »

TASC & USOBA Here It Comes. You’ve Got Nobody But Yourselves to Blame.

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Lot’s of items are all coming to a head this week regarding the debt settlement industry. The debt settlement trade associations have been called, on short notice, to a hearing to be held by the U.S. Senate on April 22, 2010 where my bet is they will not be met with party favors and a cake. I bet the Senate ... Read More »

Here’s How Debt Settlement Companies Plan to Get Around New Consumer Protection Rules – Go Offshore!

Debt Settlement Companies Move Offshore

Here is a recent debt settlement company trade association presentation from The Association of Settlement Companies (TASC) that appears to suggest to TASC members to consider circumventing new consumer protection rules to come from the FTC by avoiding traditional phone lines, moving operations offshore like gambling and payday operations, and selling discounted medical & health products with the debt settlement ... Read More »

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