Time to Boycott all TASC and USOBA Members – The Emperor Has No Clothes

TASC and USOBA do Great Work

An Emperor who cares for nothing but his wardrobe (Debt Settlement Companies) hires two weavers (TASC and USOBA) who promise him the finest suit of clothes from a fabric invisible to anyone who is unfit for his position or “just hopelessly stupid”. The Emperor cannot see the cloth himself, but pretends that he can for fear of appearing unfit for his position or stupid; his ministers do the same. When the swindlers report that the suit is finished, they dress […] Read more »

Free Advice to Usoba and Tasc members, get out or you will be put out on your ass

TASC and USOBA members

If I had to guess, I would say that I am probably unanimously disliked by every Debt Settlement company who is a member of TASC and USOBA and pretty much most of those who are not.  Spend 5 minutes on my blog and you will know why.  I call it like I see it, and what I see is a whole bunch of bullshit programs ripping off consumers.  What really gets me going though is when these guys pretend that […] Read more »

Credit Answers Runs Misleading Ad, TASC Does Nothing – Big Surprise

Debt Settlement Ad

I was watching TV last Friday and a commercial from Credit Answers comes on and asks me “if I know if I qualify for the credit card bailout program.”  Well I am usually pretty much up to speed on the programs available to help consumers in debt, but I certainly haven’t heard of a credit card bailout program. Of course, there is no such thing as a credit card bailout program. In my opinion, Credit Answers is just running a misleading ad, […] Read more »

TASC Throws USOBA on the Sword, Runs to Next Industry to Plunder


For the past few weeks I have really been scratching my head and trying to figure out just what the heck is going on over at TASC and USOBA.  It seems as if they are the only ones that didn’t get the memo that the days of the rip off, “front loaded fee” debt settlement company are over.   On one hand you have USOBA running around telling any legislator that will pretend to listen that “front loading” their fees is the only way debt […] Read more »

Debt Settlement Consumer Protection Act – So Much Protection it Actually Hurts

debt settlement consumer protection act 2010

I recently read the Debt Settlement Consumer Protection Act of 2010 and I have some major concerns about how this bill will effect consumers in a negative way.  Much of the opposition to this bill is coming out of very low credibility organizations like TASC, USOBA, and rip off settlement companies concerned that they will be shortly run out of town.    I certainly see a lot of finger pointing going on between the settlement and the credit counseling industry.  From […] Read more »

USOBA and TASC Set Industry Standard – Don’t Trip Over The Bar

Usoba and Tasc set the bar low

A few days ago a debt settlement salesperson went into a public forum and basically told me I was full of it for saying TASC and USOBA are not really looking out for consumers.  As evidence, he claims that he was secretly shopped by TASC and it was found that he didn’t lie to the undercover consumer. Now I have never said TASC and USOBA didn’t do anything.  Some of the requirements they have are certainly better than nothing.  Of […] Read more »

Mass Exodus in Debt Settlement Industry, Take Heed or BE TRAMPLED

Debt Settlement Companies will close in Mass

If you only have the time to read one of my articles pertaining to debt settlement, then you must read this one if you are considering hiring a debt settlement company. I believe that we are about to witness a mass exodus of debt settlement companies closing their doors and leaving their existing clients in very bad financial shape. I have been warning consumers for years that these companies who front load all of their fees are very bad news.  It seems […] Read more »

TASC Fails to Protect Consumers, Regulators Take Notice

TASC Fails to Protect Consumers

Today TASC issued a statement claiming that Illinois Attorney General Lisa Madigan’s proposed Bill HB 4781 would hurt consumers.  I agree that there might be a little validity to that statement in a sense that regulating specific fees on what companies can charge can be a very slippery slope and many times will not solve the problem it was intended to solve. However, I believe that Madigan and other AG’s proposing similar legislation are doing what they feel is best […] Read more »

TASC – Just Another Marketing Gimmick

Debt Settlement Salesman

“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 previous 3 articles, you have likely come to the same conclusion […] Read more »

TARF – 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 nothing to do with legitimately protecting consumers and everything to do […] Read more »

TASC – Debt Settlement Lobby or Protector of the People?

Debt Settlement Advocate

We have now established that TASC is first and foremost a trade organization for the Debt Settlement industry and its number one goal is the protection of its own TASC Debt Settlement member companies.  In this article we will examine whether or not TASC can protect consumers at the same time it is busy lobbying to protect its members. I believe the answer to this question is that Yes, they can protect consumers, however, they fail miserably. TASC claims to […] Read more »

The Association of Settlement Companies – TASC – An Introduction

Tasc - The Association of Settlement Companies

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 relates to all of the options available for getting out of debt. At least […] Read more »

TASC – The Association of Settlement Companies – A Closer Look

Tasc Exposed

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 from a salesman of a TASC member company. […] Read more »