Debt Settlement is a true alternative to bankruptcy and the Debt Settlement industry is very different in its scope of services than Credit Counseling or Debt Consolidation.

 

The Debt Settlement industry is one of the fastest growing segments of the financial services sector because of the many benefits afforded debtor clients not found with other options.

 

 

Legislation Information

 

The Uniform Debt-Management Services Act (UDMSA) is under consideration in a number of state legislatures and proposed for enactment in all 50 States.

   
   

**Note: Selecting the right cases to take on is an important component of a successful debt settlement practice, our members operate in all 50 States and 10 Provinces. We provide our members with access to the most up to date information available regarding legal compliance in all 50 States and 10 Provinces.

   
 
 
IAPDA Educational Partner
   
MSTARS Virtual Training Systems

The MSTARS marketing and compliancy focused virtual training sessions and workshops cover everything from entry level sales training, advanced agent sales training, professional communications development, compliant sales training regarding the marketing of a debt settlement program and are designed for all debt settlement industry professionals. Compliant sales training takes the known laws regarding the marketing of a debt settlement program and teaches debt settlement professionals how to not misrepresent the facets of their program. The MSTARS virtual training sessions and workshops are recommended for IAPDA members as additional and ongoing industry specific education.

   
   
Trade Associations
 
The IAPDA supports the excellent and ongoing work of the following two Debt Settlement industry trade associations on the complicated issues of legislation and legal compliance on the state and federal level.
   

United States Organizations for Bankruptcy Alternatives

 

USOBA was founded by leading members in the debt negotiation industry seeking representation outside of credit counseling and bankruptcy law. USOBA brings individual representation together as a united front to protect the debt negotiation industry and to secure its future.

   
   

The Association of Settlement Companies

 

TASC’s™ goals are to promote good practice in the debt settlement industry, protect the interests of consumer debtors, and lobby on behalf of debt settlement companies on the federal and state level.