S&N Embraces Findings of American Fair Credit Council Debt Negotiation and Settlement Report
PR Web |
The AFCC (
Prior to the release of "Options for Consumers in Crisis: An Economic Analysis of the Debt Settlement Industry," in 2013, it was relatively easy for critics to question the efficacy and viability of debt negotiation and settlement because there were no significant in depth industry studies available to demonstrate the strong role debt settlement plays in turning around the lives of hardworking, but financially struggling, Americans. Now we have such a report.
The AFCC engaged
http://www.americanfaircreditcouncil.org/wp-content/uploads/2014/04/ftc_cfpb.pdf
In order to protect consumers from deceptive sales practices, including companies that charge fees in advance of providing any services, in 2010 the FTC amended its Telemarketing Sales Rules to prohibit the charging of fees in advance of actually settling the related debt. The AFCC, as the leading industry debt negotiation and settlement association, embraced those changes; AFCC membership is limited to companies like S&N Debt Solutions that do not charge advance fees, unlike nonmembers who may not support the FTC's conditions and requirements.
S&N believes that one easy thing a consumer can do is to check to make certain that the company they have chosen to settle their credit card debt is a member of the AFCC. Membership means that they subscribe to the associations "Best Practices" and apply those standards every day of the year.
About S&N Debt Solutions
S&N is one of the leading unsecured and credit card debt settlement companies in America. Since its inception, S&N has focused on providing its clients with an unparalleled program that allows individuals to pay-off unsecured and credit card balances for negotiated amounts, frequently 50% less than what they owe.
S&N's mission is to help hard working Americans who have suffered during this financial crisis of high unemployment and lower wages to regain financial independence.
S&N offers a sound alternative to bankruptcy, debt consolidation and consumer credit counseling by providing programs and services that are both professional and compassionate.
S&N Debt Solutions is a for-profit, private company and is not affiliated with the credit reporting agencies or the credit industry. As a result, our services are unbiased and independent, which allows us to better serve the consumer. It is our goal to improve the quality of life for our clients. S&N is a supporting member of the American Fair Credit council.
About
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800-722-7270 ext 122
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