Dallas, TX (PRWEB) October 05, 2013
On October 1, Debt Consolidation USA focuses on the Telemarketing Sales Rule through a published article entitled, “3 TSR Qualifications Before Hiring A Debt Professional.” The debt relief site reveals 3 important qualifications that debt professionals must have before consumers hire them.
The article begins by discussing how debt professionals can be very beneficial to consumers who want to solve their debt problems. Of course, there are debt solutions that consumers can do on their own. But despite that, there are some people with enough funds who prefer to work with experts. This allows them to focus on earning more so they can increase their debt payment fund. The article also points out that debt professionals are quite helpful when it comes to negotiating with creditors.
However, the article mentions how consumers must be careful when hiring debt relief companies to help with their credit problems. They are encouraged to know the debt relief laws that apply to them as consumers. Most of these are laws protecting them from abusive companies.
One of these laws is the Telemarketing Sales Rule or the TSR. This law specifically regulates how debt relief companies should work and consumers must know about this so they can protect themselves against scammers.
The article mentions that the Telemarketing Sales Rule includes three points that consumers should look for in debt relief companies.
1. No charging of upfront fees. The first qualification is that the debt relief company must never ask for upfront fees. The company is only allowed to ask for a fee if they have proof that they already helped the consumer with their debt relief goals - even if it is just partial.
2. No misrepresentation of services. The next qualification is the right representation of services. The TSR specifically states that the debt relief company must not make promises that they cannot keep. They are only allowed to advertise results that they have control over. For instance a lower interest rate is within the power of the creditor alone. That means debt professionals must never promise a specific interest reduction to consumers just to entice them to get their services.
3. Full disclosure of programs and fees. When a consumer asks for information about the company, program and service fees, it must be provided by the debt relief company. The article mentions how transparency is very important - especially when it comes to the debt relief process and charges.
Debt Consolidation USA encourages consumers to read the whole Telemarketing Sales Rule so they can differentiate the legitimate company from the not. They believe that no legitimate company will go against the TSR.
To read the whole article, click on this link: http://www.debtconsolidationusa.com/debt-relief-2/3-tsr-qualifications-before-hiring-a-debt-professional.html. Visit Debt Consolidation USA for more information about debt, debt relief and personal finance.