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Success and Compliance

Success and Compliance. State Requirements. Past Present and Future Company Certification – ISO 9000 Employee Certification Bonds Insurance Background Check Financial audits. Present. What states require a License Where to get a comprehensive list What is the impact of not be licensed

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Success and Compliance

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  1. Success and Compliance

  2. State Requirements • Past Present and Future • Company Certification – ISO 9000 • Employee Certification • Bonds • Insurance • Background Check • Financial audits

  3. Present • What states require a License • Where to get a comprehensive list • What is the impact of not be licensed • The Process • The step by step guide – Saving Time and Money • Why did states choose a certain path • The History of the UDMSA • http://www.law.upenn.edu/bll/archives/ulc/ulc.htm

  4. Present • Multi State reviews -here is one example • Texas – SB 141 • Can companies afford to lose a major Market • What can be done • Stake Holder Meetings • Senate Committees – Sen, Eltife • Crafting the Law • House Finance Committee – Rep Truitt • Working with the Administrator Comm. Pettijohn

  5. Bill Tracking View

  6. Future • Potential for unfavorable legislation • Working with Consumer Protection Groups • Industry input • Audited 3rd party data • Preparing for the Future • Staying informed of Hearings • Access to Legislature Calendar • Multi Year plan • Strategic Planning Committee

  7. Creditors • Issuers • Agencies • Debt Buyers • Law Firms

  8. Issuers • Opportunity • Developing a working relationship • What value does DS provide to them • How Settlement performance will create more Revenue • Pilot Programs – increase participation • Requirements of the Banks • Company Certifications • Audited Data

  9. Agencies • Why they are a necessary • How can they be leveraged • Will they view Debt Settlement as competition • What directives do they receive from Issuers • Secondary Markets

  10. Debt Buyers • 85% of consumer debt serviced by the debt buyer • Arranging Agreements • Increase efficiencies and consumer graduation • Payment Plans increase retention and profits • Ability to customize • More flexible than working with an issuer • How can they lower cost of acquisition • Free leads • Conferences

  11. Law Firms • The negative effect of a consumers success • Utilization of existing laws to fight back • Garnishment laws • FDCPA • State Laws • How to make them a thing of the Past • Establish Debt Settlement as a more effective way of recovery

  12. The 12 Step Guide • Audited Data – 3rd party • Suitability Standards for enrolling consumers   • Company Certification – ISO 9000 • Certification Sales/Consultants/Customer Service • Data Points to be collected • State legislation • Federal Government – CFPB • Issuers Agencies Debt Buyers law firms - projects • Conference Attendance • Bonding • Insurance • Back ground Checks

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