TASC Fails to Protect Consumers, Regulators Take Notice
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...
Read MoreAttaBoy TASC – Credit When Credit is Due
I was on the TASC website this evening and noticed a news letter issued by TASC Executive Director, David Leuthold. The letter reads as follows: Deceptive Marketing Mar 05, 2010 Letter from TASC Executive Director, David Leuthold March 5, 2010 Dear TASC member, I want to bring to your attention a recent increase in companies practicing deceptive marketing; specifically, they are using...
Read MoreTASC – 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 MoreTASC – Debt Settlement Lobby or Protector of the People?
TASC Debt Settlement Companies 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...
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...
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