North Huntingdon, PA (PRWEB) October 31, 2013
Century Negotiations, Inc. (CNI) was founded by Dave Leuthold in 2003 to specialize in debt settlement and negotiation services, and since then has negotiated over $600 million dollars of debt for their clients. At the October 2013 AFCC Debt Settlement Conference in Las Vegas, Century Negotiations, Inc. announced a groundbreaking fee program offered to its sales affiliates.
Traditionally, back end service providers have had to haggle over the fee split between CNI and the sales company. In response, CNI has come up with a fee structure that is sure to benefit the sales company, allowing more flexibility and opportunity in the relationship between the two.
In announcing “no more variable splits with your back end provider” and “a simple flat rate” for servicing clients, CNI recognizes that the debt settlement industry paradigm has shifted. For a maximum $1,200 flat fee, no matter the total debt amount, CNI will service the client for the duration of the client’s program. With the $1,200 flat fee program CNI sales affiliate companies can earn a majority of the revenue.
Consequently, the affect of this change will allow CNI affiliate companies to place an increased focus on attracting new business. With higher profit potential and a more transparent business model, CNI and their sales affiliates are poised to take on a greater segment of the market.
CNI only accepts affiliate companies who are on the “no-advance fee” model proscribed by the FTC in 2010. That is, CNI and its sales affiliates earn a fee only upon the successful negotiation and initial payment of a debt. There are no upfront fees or monthly fees. The fee is paid at time of settlement and is prorated based on the total enrolled debt amount.
CNI was formed in 2003 as a back end service provider in the debt settlement industry, and since that time has been recognized as an industry leader. Dave Leuthold, its CEO, was instrumental in the formation of The Association of Settlement Companies (TASC) and is currently on the Board of the successor organization, the American Fair Credit Council (AFCC). CNI has settled over $600,000,000 of consumer debt, and is currently settling for its clients over $3,000,000 a week.