TASC – Just Another Marketing Gimmick
“If you tell a lie that’s big enough, and you tell it often enough, people will believe you are telling the truth, even when what you are saying is total crap.” – Richard Belzer This is the 4th in a series of 5 articles aimed at educating consumers on what I believe to be the true motivations behind The Association of Settlement Companies (TASC). If you have read my...
Read MoreTARF – The Association of Red Foxes
As an aside to the 5 part series that I am writing on the Association of Settlement Companies, I wanted to provide a simple way to understand the thinking behind the formation of TASC, as I see it. Sometimes it is very difficult to explain interwoven thought processes in the confines of a 1000 word article. Hopefully this will help consumers understand why (in my opinion) TASC currently has...
Read MoreDebt Settlement – FTC could put 84% of Companies out of Business!
Currently the FTC is considering a proposal to Ban the large upfront fees that most debt settlement companies charge. USOBA – The United States Organization for Bankruptcy Alternatives, recently submitted testimony to the FTC that such a ban could put up to 84% of their member debt settlement companies out of business. USOBA is a trade association for the Debt Negotiation Industry....
Read MoreThe Association of Settlement Companies – TASC – An Introduction
One might wonder what is motivating me to write a series of posts dedicated to The Association of Settlement Companies (TASC). I must confess that it is in part for the selfish reason of saving myself some time. One of the core principles behind the founding of Damon Day and Associates was to first and foremost educate consumers, by providing honest and straightforward financial advice as it...
Read MoreTASC – The Association of Settlement Companies – A Closer Look
I started writing this article a number of months ago and it has sat collecting digital dust until some recent events at the FTC caused me to pick it back up. My intent is to provide a perspective on a Debt Settlement industry organization known as The Association of Settlement Companies (TASC). I will tell you right up front that my perspective will be very different than the one you will get...
Read MoreCredit Solutions of America – Sued by Florida Attorney General
Credit Solutions of America is another of a long line of Debt Settlement companies currently in hot water with State Attorney Generals throughout the Country for unfair and deceptive business practices. As is almost always the case, the unfair and deceptive practice stems form the structure and the amount of fees charged to consumers upfront. In the case of Credit Solutions of America, after 17...
Read MoreDebt Settlement Nightmare for Phoenix Woman
AZfamily.com reported today the story of Rosie Stewart who found herself in $175,000 worth of credit card debt after her business fell victim to the economic downturn. Like many people she turned to a debt settlement company that was big on promises but short on results. Essentially she paid this company Ram Financial Services over $12,000 dollars and received nothing but a lawsuit form one of...
Read MoreGet Out of Debt – What Strategy Makes the Most Sense?
Help!!!! I am on information overload. Can you look at my financial circumstances and tell me exactly what debt reduction strategy will make the most sense for me? Sound familiar? You are not alone. Thousands of people ask this question every day and set out on the Internet looking for the answer. Unfortunately instead of honest and unbiased advice they typically encounter salesmen that...
Read MoreDebt Help – Who can You Trust
You are in Debt, you are struggling, you can’t pay your bills. What do you do? Like most people, you turn to the Internet. After all, the Internet has all of the answers. It is true that you probably can find the answers you are looking for online. However, you are definitely going to also find all of the wrong answers, and no shortage of websites, sales people, and hucksters more than...
Read MoreDebt Settlement Companies – Top 5 ways they can Screw you!
Debt Settlement Companies are the solution to all of your debt problems. No matter how much you are struggling or what the circumstances are, they will step in and resolve all of your problems. Just turn everything over to them and rest easy knowing your financial future is secure. Sounds a little far fetched don’t you think? Well if you have ever seen, heard, or read any of their...
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