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AFCC Releases Report Praising Debt Settlement But There Are Big Holes

The American Fair credit Council (AFCC) recently released a couple of documents they hoped would persuade people about the value of debt settlement. I was asked to review the findings in the documents and offer my opinion. The first presentation is one that was supposedly given to the Federal Trade Commission and Consumer Financial Protection …

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The Truth About The Success Rates, Failure Rates and Completion Rates of Credit Counseling, Debt Settlement, Bankruptcy, and Debt Consolidation Loans

This is a story that I’ve been working on for a few weeks. I’ve been asking people and groups for feedback and information to write this, but I’ve run into a wall. I have received some feedback from groups and people that don’t wish to be publicly identified to protect themselves, but what I have …

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TASC American Fair Credit Council Lay Out The New Branding Attempt

A tipster (send in your tips here) sent in the following presentation. Below you will find the rebranding presentation that was sent out by TASC along with their open letter announcing their new name of AFCC. The new buzzwords are NAFDS (“No Advance Fee Debt Settlement”), they need us, we are consumer advocates, and “Our …

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TASC / American Fair Credit Council Say They Are The Only Ones With Credibility

A tipster (send in your tips here) sent in the following letter from TASC. May 12, 2011 AN OPEN LETTER FROM THE TASC BOARD OF DIRECTORS: We’d like to extend an enormous “thank you” to the more than 170 attendees at the “2011 Mission Possible” TASC Industry Conference.  The event was successful beyond our expectations and …

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Reliant Support Services and the 11-REL 2011 Debt Reduction Plan Mailer – Let’s Play Another Round of Do They Comply!

For a while we’ve been playing our little game of “Do They Comply” where we review marketing material from debt relief companies to see if it looks acceptable to you. A tipster (send in your tips here) sent in the following mailer and said: My brother got this and we called the company. They said …

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Report From the TASC Conference. Attendee Sends in Their Notes,

Just in, an attendee at the TASC conference just held in Las Vegas has sent in their notes of what they felt was the highlights for readers. TASC – THURSDAY BOB LINDERMAN: GENERAL COUNSEL OF FREEDOM DEBT RELIEF GOALS AND OBJECTIVES: “THIS IS A CONSUMER CENTRIC, REGULATOR SENSITIVE, BUSINESS FRIENDLY ORG THATS GOING TO MAKE …

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American Fair Credit Council (AFCC) Rumored to be the New Name for The Association of Settlement Companies (TASC)

I received a tip today that earlier it was announced at The Association of Settlement Companies (TASC) conference in Las Vegas that TASC is going to be changing their name to American Fair Credit Council (AFCC). Let the rebranding begin.

TASC Back At It Again. Fighting Back Against Delaware HB 72 With Fiction.

A tipster (send in your tips here) forwarded me a copy of the April 6, 2011 correspondence by The Association of Settlement Companies (TASC) on the proposed amendment of the Delaware code relating to debt management services. The Delaware Debt Management Services Act (source) was modeled after the uniform act developed by the National Council …

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Why is TASC Saying Consumers Pay Really High Interest Rates in Credit Counseling?

A tipster (send in your tips here) just brought this video to my attention. It features Dave Leuthold the executive director of TASC, until recently. I’m not sure what happened over at TASC but it looks like they cleaned house. In fact as of today they are down to 58 members and I can’t find …

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The Association of Settlement Companies (TASC) Makes Move That Will Eliminate Members

The Association of Settlement Companies (TASC) has just made an announcement below that will result in a significant reduction in their membership. Dear TASC Members, I want to update you on an important decision that the Executive Board voted on yesterday. We recognize these are trying times for our industry, and in trying times is …

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