US Debt Resolve Announces Compliance with Telemarketing Sales Rule

DALLAS – On July 29, 2010 Federal Trade Commission Chairman Jon Leibowitz and Vice President Joe Biden announced a new rule to protect consumers of debt relief services at a Middle Class Task Force event at the White House. Following the Chairman’s announcement, Vice President Biden discussed the administration’s consumer protection agenda and the importance of consumer protection to middle-class families.

US Debt Resolve, provider of Debt Relief Services, announces compliance with TSR put in place by the FTC Months before DUE DATE.

USDR announced that the company has received recommendation for recertification of the ISO 9000. ISO 9001:2008 is a family of standards The ISO 9000 is maintained by the International Organization for Amendments

Telemarketing Sales Rule Prohibiting Debt Relief Companies from Collecting Advance Fees Will Take Effect in October 2010

The following are a few points of the TSR. For the entire Telemarketing Sales Rule click here http://www.ftc.gov/opa/2010/07/tsr.shtm

Starting on October 27, 2010, for-profit companies that sell debt relief services over the telephone may no longer charge a fee before they settle or reduce a customer’s credit card or other unsecured debt.

“At the FTC we strive every day to make sure America’s middle class families get straight deals for their dollars,” Chairman Jon Leibowitz said. “This rule will stop companies who offer consumers false promises of reducing credit card debts by half or more in exchange for large, up-front fees. Too many of these companies pick the last dollar out of consumers’ pockets – and far from leaving them better off, push them deeper into debt, even bankruptcy.”

On the subject of Open and Transparent: “Disclosures should be how well your company has performed with a particular creditor or their retention and completion rates…The consumer is saying, let me choose the company that gives me the best chance to get out of debt.” CEO of US Debt Resolve Scott Johnson said.

Additional comments http://www.ftc.gov/os/comments/tsrdebtrelief/543670-00319.pdf

Three other Telemarketing Sales Rule provisions to take effect on September 27, 2010, will:

• require debt relief companies to make specific disclosures to consumers;
• prohibit them from making misrepresentations;
• extend the Telemarketing Sales Rule to cover calls consumers make to these firms in response to debt relief advertising.

The Final Rule covers telemarketers of for-profit debt relief services, including credit counseling, debt settlement, and debt negotiation services. The Final Rule does not cover nonprofit firms, but does cover companies that falsely claim nonprofit status. Over the past decade, the FTC and state enforcers have brought a combined 259 cases to stop deceptive and abusive practices by debt relief providers that have targeted consumers in financial distress.

About US Debt Resolve
US Debt Resolve (USDR) in Dallas, Texas provides debt settlement services for consumers coast to coast. To learn more about USDR, go to http://www.usdebtresolve.com/bsi-case-study.pdf. To speak with a member of the Consulting Staff about your financial situation call 1-866-991-3328. To discuss compliance with the TSR guidelines our audit department can be reached at 1-888-991-3328.