However, now there are new FTC rulings and sure to come new legislation that appears to show a strong preference for the attorney-based debt resolution model, as opposed to the non-attorney debt settlement model. Well actually, the debt settlement industry and all those who are not affiliated with an attorney based debt resolution model are done, finished, and scrambling to the attorney model.
The long and short of it is the traditional green state debt settlement model (down to 20 states) is a defunct model as of Oct. 27th 2010.This is incredible considering that the loan modification companies, credit repair companies, mortgage offices, call centers and the like were just about to make life changing money, but no fear there's always a plan b. Lead generation companies are scrambling for answers, as the demand for debt settlement leads must shift quickly to providing debt resolution leads.
The FTC Ruling states clearly, "Debt-settlement companies will now only be able to charge a fee once a customers debt has been reduced, settled or renegotiated. With competent debt resolution training, you will start to close a transaction each day, per agent.
Expert Debt Settlement Attorney Program For Green States and Red States
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