Preparing debt settlement companies for additions to the Telemarketing Sales Rule

Global Debt Systems, a leading training services provider to consumers and debt settlement industry professionals, has completed its debt settlement e-learning curriculum that addresses the new Federal Trade Commission (FTC) rules. Recently, the FTC passed legislation to ban upfront charges for debt settlement service and orders companies to improve their service to delinquent debtors or exit the business. Added provisions to the Telemarketing Sales Rule aim to curb deceptive and abusive practices.

A comprehensive information portal and credit community where consumers can research credit options and share information.

Global Debt Systems, a leading online credit education and debt settlement training provider, is proud to announce the release of its free credit course that runs on Facebook.  Registered members of Facebook have access to the free Credit 101 Course which introduces them to credit and covers general topics of banking, credit cards, and debt collection.  The company’s fan page, www.facebook.com/globaldebtsystems, provides credit tips and redistributes insightful articles that support consumers to proactively negotiate with their lenders or the credit bureaus for the scores they desire.

Global Debt Systems exposes the truth in the battle over regulation of the debt settlement industry

The Federal Trade Commission (FTC) recently announced new regulation of the debt settlement industry, and Global Debt Systems, a leading training services provider to consumers and debt settlement industry professionals, wants consumers to know the truth behind the distortions coming from both sides of the issue.  Despite their pro-consumer claims, the regulations are obviously aligned with the interests of big business.  On the other side, and deserving of regulation, but not of unfair restrictions, are thousands of independent debt settlement firms, represented by several industry trade associations.

Global Debt Systems believes consumers need to self-manage the debt settlement process

A looming crackdown on a debt settlement industry rife with unfair business practices will create a shortage of qualified counselors available to troubled debtors, according to Global Debt Systems, a leading training services provider to the debt settlement industry.  To meet those upcoming needs, the company has expanded its service offerings with a consumer-oriented training curricula designed to empower debtors to self-manage the debt settlement process.

Debt Settlement Consumer Protection Act misleads consumers into false sense of security

Responding to recent federal legislation introduced by US Senators Charles Schumer and Claire McCaskill, Global Debt Systems, a leading training services provider to the debt settlement industry, has announced new curricula that extends its services to the consumer market with training for people facing debt or credit issues.  From its reading of the proposed legislation, Global Debt Systems concludes that consumers will not be protected since non-profit debt service providers and private practice attorneys are exempt from the bill’s regulations. The bill only serves to drive for-profit debt settlement companies out of the business by lowering the fees those companies can charge to an unprofitable level.

Experience immediate results and save thousands of dollars.

The decision to hire a debt settlement company to aid in resolving charged-off debts or go at it alone is heavily influenced by self-confidence.  Consumers should be conscious about the natural advantage they possess when dealing with collection agencies.  To elevate that advantage and save them thousands of dollars, Global Debt Systems has produced a comprehensive do-it-yourself e-learning training program, which is available through globaldebtsys.com.

A free eBook introducing a comprehensive professional training program updated with the best and timeliest information, prepared in the most useful way.

The previous industry certification training for debt settlement professionals have proven futile.  In response to the growing outcry from industry regulators and consumer protection organizations, Global Debt Systems has produced a comprehensive training program for debt settlement professionals. It challenges current practices that regularly fail to produce results promised to consumers.  It builds upon the insight of industry experts and consumer advocates who have collaborated to develop this e-learning curriculum, which is available through globaldebtsys.com.

Professional training program that systematically forecasts the foreseeable future

In these stressful times, debt settlement firms have increasingly come under fire for allegedly deceptive business practices.  Following in the footsteps of failed banks and predatory lenders, the debt settlement industry has recently captured headlines due to a number of investigations announced by states’ Attorney Generals throughout the U.S.

Professional training program is the first step in certification and industry standards

Responding to New York Attorney General Andrew Cuomo’s recent subpoenas to 14 debt settlement firms and the growing outcry from consumer protection organizations over industry practices, debt settlement companies now have access to online employee training that teaches counselors how to run an ethical – and profitable – business that delivers real value to the client.  Industry experts and consumer advocates have collaborated to develop the comprehensive e-learning curriculum, which is available through