First CDM Ahead of the Curve on FTC Guidelines

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First CDM updates its financial services to stay compliant with FTC guidelines and meet current consumer needs.

In an industry that has been tainted by the unscrupulous practices of some, First CDM understands the importance of regulations to ensure that consumer welfare is never compromised. First CDM has recently announced service updates to ensure compliance with the newest FTC guidelines.

First CDM now maintains a 100% attorney-based model for file approval processing and servicing in 49 states, excluding Colorado. First CDM has attorney advisors on staff and today as always, provides educational resources and multiple payment schedule options.

First CDM offers face-to-face enrollment for debt negotiation and credit counseling services to ensure that customers completely comprehend important information about First CDM services. This clearly articulated information includes cost of services and important terms, length of debt payoff, the amount of money customers must save before First CDM will make a settlement offer, the consequences for late payments, and details about customers’ dedicated accounts.

First CDM helps customers open dedicated accounts so that customers can collect and hold fees and payments to creditors in insured financial institutions. Customers possess full ownership and control of the funds and can withdraw the funds at any time and First CDM does not exchange referral fees with account administrators.

First CDM maintains that it has never misrepresented its services or the benefits that customers receive from its services and collects fees after reaching successful results for customers, including customer-centered agreement with creditors, as well as after customers have made first payment to creditors.

For additional information about this service-oriented, ethical debt management company visit http://www.firstcdm.org or call 1-888-878-5395.

About First Consumer Debt Management:

First CDM is an ethical financial services company that provides a wide range of debt relief and financial wellness support on a personalized basis. First CDM employs only the most highly-trained, skilled, experienced and committed specialists, negotiators, advisors, CPA’s, IRS enrolled agents and attorneys. For more information, please visit the company website at http://www.firstcdm.org.

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Preet Grewal
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