Credit Counselors: Change is Coming
Legislation has been passed by Congress that will completely transform the debt counseling industry – are you ready? Global Debt Systems has developed a comprehensive training program for consumer debt counselors that will ensure your company is able to adapt and prosper under the new guidelines.
The Goal: Increase Consumer Successes
Too many consumers are signing up for debt settlement and credit repair programs then dropping out before completing the process. The majority of those people should have never enrolled in the program, but were convinced to do so by an unscrupulous debt counselor. Instead of helping people who are in trouble with debt, companies offering consumer debt solutions are actually pushing more people towards insolvency. The new legislation intends to reverse that trend.
There’s a Better Way
Global Debt Systems is part of the solution, not the problem – and your firm can be too. Simply have your credit counselors complete our online course, Facilitating Win/Win Debt Settlements, and adopt the professional practices it recommends. When the new regulations are implemented, your firm will be ready.
Topics Covered by the Course Syllabus Include:
- The history of credit card lenders and their various business models
- The role of credit bureaus vis-à-vis lenders and government
- Regulatory restrictions on lenders and borrowers (creditors, collections, & consumer)
- Credit CARD Act of 2009 & Uniform Debt Management Services Act
- Consumer Delinquent Debt Market Knowledge
- Disclosure and sales policies for ethical credit counselors
- Debt settlement best practices when representing clients to creditors
You Will Learn:
- How credit card companies earn huge profits
- How the details of your life – even non-credit issues – are documented in a credit report
- How the debt settlement industry has earned regulators
- How to correct a credit file
- How to stop illegal collection practices
- Why laws enacted to protect consumers have failed
- Why, despite tougher bankruptcy laws, more people are filing than ever
- That most debt settlement programs fail
Tuition Includes:
- Unlimited access to the e-Learning course for 90 days
- Sample Forms & Letters
- Regulation & Law Guidelines
- Certification testing
- Certificate of Training delivered upon successful completion of the course
- Information updates via e-mail regarding new laws, regulations, and court decisions
- Instant Q & A Support