Posted by GWest on 10/22/10 5:19pm
Msg #357821

Debt Settlement Presentations

I received an email today regarding Debt Settlement Presentations. Without directly quoting the contract, it states that we are not Independent, but an Authorized Representative of the Debt Settlement Operator. The reason for this is to satisfy the requirements of the Presentations contained in the FTC Regulations, to be exempt from the advance fee ban.

That is enough for me to say NO THANK YOU!

Reply by Lee/AR on 10/22/10 5:29pm
Msg #357823

Thanks for that info, GWest. Good to know my spidey-sense is still working just fine.

Reply by CopperheadVA on 10/22/10 5:42pm
Msg #357825

I agree - I'm staying away from ALL of these debt settlement appointments!

Reply by John Schenk on 10/22/10 6:53pm
Msg #357831

VERY good to know! Thanks! n/m

Reply by PAW on 10/23/10 7:45am
Msg #357871

I don't think there's any reason why you can't be an "independent contractor" AND an "authorized representative" of any organization. Being a representative doesn't mean you have to be an employee of the company. For example, take mortgage brokers. Many are independent contractors with representative agreements with lenders.

Of course, I agree with your reasoning NOT to proceed with the assignment.

Reply by MW/VA on 10/23/10 8:28am
Msg #357874

I'm staying clear of these too. It's a lot like to loan mod apps., and is about collecting the
upfront fees. From what I understand, it can't be collected except in person.