In the past companies could display our logo and advertise that all of their consultants are IAPDA certified. Consumers can now easily verify this claim...
Los Angeles, CA (PRWEB) March 7, 2011
This is a pivotal time for the debt settlement industry, both from a regulatory and an economic perspective. With the economy putting many consumers deeper in debt, it is important that Federal and State legislators look out for consumer interests and enforce limits and consumer protections on the debt settlement industry. Consumers need protection and Consumers need better decision making tools. The IAPDA is supporting this effort by providing better online search tools for consumers, providing full transparency of it's membership, certification and continuing education requirements. Consumers and legislators can now search the IAPDA 3000+ member database online by either name, company name or city to learn the current membership and certification status of all 3000+ IAPDA members.
Laurence Larose, executive director of The International Association of Professional Debt Arbitrators (IAPDA) says “The IAPDA fully supports all new legislation and the effect that this will have on the Debt Settlement Industry and our members. We also believe strongly that our members, their companies and clients will recognize the benefits and very positive results of our full membership transparency initiatives. ”
Larose also says “In the past companies could display our logo and advertise that all of their consultants are IAPDA certified. Consumers can now easily verify this claim and see exactly which company staff members, if any, have received thorough IAPDA training and certification”
Today, Americans owe approximately $2.5 trillion in consumer debt – not including mortgages. The average American with a credit file holds more than $10,000 in credit card debt. Debt settlement is a much needed and effective form of debt relief that allows providers to negotiate directly with creditors on the consumer's behalf to resolve the consumer's unsecured debt balances.
IAPDA offers training and certification in consumer Debt Settlement and Arbitration, which affords individuals the opportunity to become a Certified Debt Specialist (CDS). The CDS designation means the individual debt consultant has undergone thorough training in settling a consumer’s debt, which, as Larose points out, is much different than simply a managed payment plan or bankruptcy: “We certify people to settle a consumer’s debt with their creditors, oftentimes saving them a large percentage of the total owed” said Larose. ”For millions of people, this is by far the best option available. That’s why we're so supportive of all new industry legislation – our new online search tools allows consumers to know that they have a compliant IAPDA-Certified Debt Specialist working for them, they have a consumer focused professional who is specifically trained in debt settlement procedures, knows the rules governing the industry and is there with them for the long haul.”
Larose goes on to say “We are proud to have served the Debt Settlement Industry for over a decade and we look forward to continuing to play a major role in the long and exciting future of Debt Settlement. The IAPDA Certification training program is the industry leader by far and for the benefit of new and existing IAPDA members our training includes complete details and compliance information regarding all new industry legislation.”
To learn more about the IAPDA and their online membership and certification search features, visit them online at http://www.iapda.org/search.php
The International Association of Professional Debt Arbitrators (IADPA) is the debt settlement industry’s leading certification training program. In business since 2000, they have an active membership that exceeds 3,000 members, and offer online-based training to both individuals seeking certification, and companies that want certification for their employees. You can visit them online at http://www.iapda.org.
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