TASC Warns Consumers of Credit Card Rate-Reduction Scam

FTC filed a complaint adjoin companies alms a acclaim agenda amount abridgement Our top antecedence has consistently been to assure consumers, so it was important that we aggregate this advice with those gluttonous debt relief

Madison, WI December 11, 2009 —The Association of Settlement Companies (TASC), the arch barter affiliation for the debt adjustment industry, today is admonishing consumers of a betray by companies alms a acclaim agenda amount reduction.

The Association of Settlement Companies The Federal Trade Commission afresh filed a complaint and accustomed an admonition adjoin one or added of these companies, which accept acclimated ambiguous approach in authoritative representations and accouterment warranties to consumers guaranteeing to accept the absorption rate(s) on their acclaim card(s) lowered, thereby essentially abbreviation the antithesis on the consumer’s acclaim agenda account.

TASC wants consumers to apperceive that the casework accepting offered by these companies are not debt adjustment programs and that none of its associates action this blazon of service. Furthermore, all TASC companies are accurately banned from accouterment this service, alternating with the added casework such as mortgage modification programs and acclaim adjustment services, as a action of their associates in TASC.

“Our top antecedence has consistently been to assure consumers, so it was important that we aggregate this advice with those gluttonous debt relief,” Dave Leuthold, Executive Director of TASC, said. “Consumers who feel they accept been victimized by this blazon of artifice should acquaintance their acclaim agenda issuer and the FTC immediately.”

To book a complaint in English or Spanish, appointment the FTC’s online Complaint Assistant or alarm 1-877-FTC-HELP (1-877-382-4357).

About The Association of Settlement Companies
The Association of Settlement Companies (TASC) promotes fair business practices, chump aegis and industry standards for the debt adjustment industry. TASC, founded in 2005, serves to assure consumers through an alignment allowance that represents best practices and standards of acclaimed companies. The alignment aswell protects its affiliate companies through lobbying efforts at the accompaniment and civic levels, as able-bodied as acquaintance initiatives to brainwash consumers on debt adjustment as a banking solution. All TASC affiliate companies agreement acquiescence to austere affiliation bylaws administering business practices and ethics. For added information, appointment www.tascsite.org.