A List of the Most Frequently Asked Questions
Below is a list of questions that have been asked by those exploring a new career in the Debt Settlement industry, the IAPDA and Arbitrain™ Training Systems.
Please contact us directly if your question is not answered here.
Q. What is Debt Arbitration & Settlement?
A. Many people and businesses have difficulties in paying their debt on time. Debt Settlement is an aggressive approach to credit card debt reduction. It is most appropriate for consumers who are continually struggling with their basic financial obligations and owe at least $10,000 in unsecured debts. These consumers are under considerable financial strain, and are considering bankruptcy as a viable alternative. The process through which a debt settlement service is able to reduce the unsecured debts owed is called “debt arbitration or negotiation”.You as a Certified Debt Arbitrator will save the debtor up to 90% of his / her debt by using the Arbitrain™ system and methods of negotiation and arbitration, reaching settlement with the creditor/collector.
Q. What is the IAPDA ?
A. The International Association of Professional Debt Arbitrators grew from the commitment of its members to the establishment and maintenance of the highest standards of ethics, professional conduct, and responsible trading, for members operating in the Debt Arbitration industry.
Our membership is comprised of firms of all sizes from small (1-4 consultants) to some of North America's leading and largest Debt Settlement firms...more
Q. Who should register for the IAPDA Certified Debt Arbitrator or Certified Debt Specialist program ?
A. Business persons starting in the debt settlement industry who will interact with consumer debt clients on debt & credit issues and/or negotiate with creditors and collectors to reach a professional settlement of a client's problem debt. Certified Debt Arbitrator training is suited to independent debt professionals just starting out and Certified Debt Specialist training is ideal for all debt settlement company settlement and customer service staff.
Q. How long does it take to complete the training program ?
A. The training course is completed entirely at your own pace, you will receive access to the materials at a password protected website and you have unlimited access for lifetime. Most members take 1 - 2 weeks working part time to complete the training and submit their certification exam but it can be completed much faster (as quickly as one full day of study) if desired.
Q. Is the training program completed online ?
A. The training course is completed entirely online at your own pace and the certification exam is submitted online when you are ready. We do not offer in person training.
Q. Do you offer volume registration price discounts other than what is published on the website ?
A. No, we have a "Fairness in Pricing" policy and do not discount beyond this. This way all members can be sure they have received our best pricing.
Q. Do I need licensing from a Government Agency ?
A. Currently legal compliance (licensing) is not required in approx. 50% of States*, the Uniform Debt-Management Services Act (UDMSA) is under consideration in a number of state legislatures and proposed for enactment in all 50 States.
We established the International Association of Professional Debt Arbitrators (IAPDA) as a member based training and certification program for approval by legislative bodies. Those who successfully complete our program are granted membership in the IAPDA, adhere to our Code of Ethics and are granted the professional Certified Debt Specialist (CDS) or Certified Debt Arbitrator (CDA) designation.
Our Certification training program content complies with the accreditation training requirements set out in the draft version of the new Uniform Debt-Management Services Act (UDMSA) - the proposed legistlation governing the Debt Settlement Industry in all 50 States. We are an approved accreditation program of the State of Colorado, which is the first state to recognize Debt Settlement professionals separately in their State's new Uniform Debt Management Services Act.
*Note: Our members operate in all 50 States and 10 Provinces. As legal compliance requirements State by State can change often we provide our members with access to legal experts and the most up to date information available regarding legal compliance in all 50 States and 10 Provinces.
Q. Is there a market for this service ?
A. There are literally millions of debtors out there who need help. There is a large demand for Certified Debt Arbitrators and Certified Debt Specialists. Creditors have Collection Agencies and Lawyers on their side. The one the debtor has is a Certified Debt Professional, a skilled and trained, arbitrator/negotiator.
Q. Why will my service be needed ?
A. The debtor must act sooner rather than later, otherwise they may find themselves in lengthy, costly and stressful lawsuits. A Certified Debt Arbitrator and Certified Debt Specialist provides a simple, cost effective solution for the debtor.
Q. What are my chances of being successful in a business of my own ?
A. Good question! Not everyone is cut out to run their own business. While there is really no definitive way of knowing if you have what it takes, there are a number of entrepreneurial tests that can provide you with an insight. Click here to open a new window and take a simple ten-question quiz. It may help you with your decision.
Q. Do you provide support with membership and training ?
A. The support while you grow your professional practice is ongoing and second to none, we provide all of the support you will ever need while you set up and grow your professional Debt Arbitration practice. The training never stops.
*Question Not Answered Here ?, please send us an e-mail at: answers@iapda.org , we will respond promptly.
|
