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Are Debt Settlement Companies Being Told to Run For Hills by TASC?

I previously wrote about how I thought debt settlement companies might make a move into selling vehicle service contracts as the next big income opportunity. I made the connection through a conference email that was sent out promoting the president of The Association of Settlement Companies (TASC), Robby Birnbaum, as a leader in both industries. Click here to read that previous story.

Today I got a very interesting email forwarded to me at click here that seems to solidify my original opinion of where many debt settlement marketers are going to move when the massive profits and easy money are regulated out.

The email I’m showing you was sent from Max Bruck who is the principal owner of Find Your Customers. Max is also a TASC board member. – Source

Find Your Customers is self-described as “FYC is a member of TASC and USOBA. We support standards for responsible business and advertising practices as well as the Vehicle Protection Association (formerly the Automotive Warranty & Service Contract Association (AWSCA)) standards for Vehicle Service Contract (Auto Warranty) marketing.” – Source

Now as a TASC board member you would assume Max would be all behind the debt settlement industry and TASC beating the proposed and pending regulations that are coming the way of debt settlement. In fact TASC just sent out an email to members that was trying to convince people the debt settlement industry is still in this fight against regulation.

Here is the Kicker

Find Your Customers is also a member of USOBA and the overall relationships are very cozy.

Vehicle Service Contract Relationships

Birnbaum is the president of TASC and described as a leader in the vehicle service contract arena. Bruck is a board member of TASC and a member of USOBA. Bruck sends out an email promoting the vehicle service contract business where Birnbaum is the featured speaker.

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Okay, all that sounds gentle enough. But here is the kicker, the email Bruck sent out to debt settlement companies. It reads like a run for the hills the debt settlement industry is done, message and in part with Birnbaum’s participation and gold sponsorship of the conference it seems like he agrees.

I wonder how many TASC members got this email.

The Email

I could only fit the top part of the email in a captured image. Here it is.

Subject: Do Advance Fee Bans have you looking for other options?

VSCSS Vehicle Service Contracts Sales Summit

Text of the Email

Subject: Do Advance Fee Bans have you looking for other options?

Have you looked at re-tooling your sales room for the Auto Warranty industry?

Do You Have a Question You'd Like Help With? Contact Debt Coach Damon Day. Click here to reach Damon.

Here’s your chance with the first conference designed to equip new entrants into the “Auto Warranty” industry with all the tools they need to be successful.

Find Your Customers is a proud sponsor of the Vehicle Service Contract Sales Summit
– With consumers holding on their cars much longer, FYC started investing in this market back in June of 2009
Leads and calls are abundant at half the cost of Debt leads
Earn $1,000 to $2,000 per sale with acquisition costs of $200 – $300

Also, notably, a familiar face is the Lead Sponsor, see below!

I did have to chuckle at the description of Birnbaum as being able to keep the “regulators away.” I guess he just doesn’t have the same juice in the debt settlement market since regulators are all over debt settlement at the moment.

It certainly appears that the Vehicle Service Contract business is being promoted to debt settlement companies that received the email as the place debt settlement companies need to re-tool their sales room for. Especially when it is promoted with leads half the cost of debt leads and up to $2,000 per sale.

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So what do you think? Are the leaders in the know running for the hills to get in on the next opportunity and trying to encourage debt settlement companies to start focusing on selling a different product?


Damon Day - Pro Debt Coach

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Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
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