Your finances are a very private matter.
That's why, before contacting a debt settlement company to pay off your debt, you must make sure the business is a reliable organization you can trust in.
There are different elements that can help you determine if a company is trustworthy or not, such as how long it's been in the industry for and if it counts with a trained staff of Debt Consultants willing to assist you.
Another relevant fact to take into account when choosing a debt settlement company is if it's a member of TASC and USOBA.
These two acronyms stand for two organizations that, although you probably aren't familiar with, you should know about.
Why? Because they help guarantee quality service in the field of debt negotiation.
What is TASC? The Association of Settlement Companies (TASC) is a non-profit association with the objective to promote fair practice in the debt settlement industry as well as protect the interests of the consumer.
TASC is regarded as the leader in the field of debt settlement by many different organizations, including: o the American Bar Association o the Wall Street Journal o MSNBC o the National Association of State Legislators Two other key facts to keep in mind: o more than 80% of TASC dues are devoted to ensure fair and effective regulation in the field of debt negotiation.
o if a debt negotiation company is a member of TASC, as a client, you're guaranteed that the company will comply with TASC Bylaws.
What Are TASC Bylaws? Thanks to extensive analysis made by States' Legislators, lenders, and debt settlement companies, TASC Bylaws were established.
These Bylaws encourage debt negotiation companies to provide high quality services to guarantee the well-being of consumers and creditors.
Moreover, thanks to an exclusive agreement with the leading Law Firm in the industry, Greenspoon Marder, TASC members have access to specialized resources, such as compliance seminars and guidance.
What Is USOBA? The United States Organization for Bankruptcy Alternatives (USOBA) has the objective to advocate for fair regulation in the field of debt settlement as well as protect consumers.
When each State discusses or introduces a new law regarding debt negotiation, USOBA cooperates by informing and educating Legislators and State Officials about the fine details of this field.
Last August 13th, for example, USOBA released a study analyzing the debt settlement industry.
This study is meant to promote the discussion of how to guarantee consumers assistance from reliable debt negotiation companies when trying to settle their debt.
The study will be made available to Congress and the Federal Trade Commission (FTC) so as to keep working together, as a team, to improve fair practices in the field of debt settlement.
Why Is Being A Member Of TASC and USOBA Important? By contacting a company that is a member of TASC and USOBA, you'll be making sure you're trusting your finances to a business that knows how to effectively get the job done and who is backed up by two organizations that look out for your interests.
Double-Check The Debt Settlement Company's Accreditation Before contacting a debt negotiation company, visit their website and check if they're accredited members of both TASC and USOBA.
I also advise you to visit TASC's website ( http://www.
tascsite.
org/findamember.
php ) and USOBA's ( http://www.
usoba.
com/verify ) so as to make sure it's still a member.
Your finances are a very important and delicate matter, so make sure you trust them to a reliable company that can effectively help you get out of debt.