Credit counseling looks to simply reduce interest rates, while debt settlement works to reduce the total amount owed
Madison, WI. (PRWEB) July 29, 2009
Wesley Young, legislative director for The Association of Settlement Companies (TASC), will be a panelist at the Payment Cards Center Conference held July 30-31 at the Federal Reserve Bank of Philadelphia.
Young is scheduled to speak on Friday at the conference entitled "The Future of Consumer Credit Counseling." The topic of his panel is "Credit Counseling in the Current Economic Environment."
"Credit counseling looks to simply reduce interest rates, while debt settlement works to reduce the total amount owed," Young said. "Thus, I'm looking forward to discussing how debt settlement is a credible option for consumers struggling with unsecured debt."
Young, who has led TASC in getting fair legislation passed to ensure responsible conduct among debt settlement companies, also spoke at the National Conference of State Legislatures Legislative Summit last week.
The other speakers on the panel are Suzanne Boas (Consumer Credit Counseling Service), Joel Greenberg (Novadebt) and Chris Kohl (JPMorgan Chase).
About The Association of Settlement Companies
The Association of Settlement Companies (TASC) promotes fair business practices, consumer protection and industry standards for the debt settlement industry. TASC, founded in 2005, serves to protect consumers through an organization seal that represents best practices and standards of reputable companies. The organization also protects its member companies through lobbying efforts at the state and national levels, as well as awareness initiatives to educate consumers on debt settlement as a financial solution. All TASC member companies pledge compliance to strict association bylaws governing business practices and ethics. For more information, visit tascsite.org.
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