Are There Specific Industries More Prone to Constructive Dismissal Cases?
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With mayors, senators and attorneys general on the trail of unregulated debt settlement companies that have apparently grown vitally by establishing debt settlement affiliates, the end seems near. As early as next week or at the latest on June 15, 2010, your customer debt settlement may be a thing of the past. Talk about the rug being pulled under you if you’re still dependent on the remaining 20 debt settlement “green states”. His claim, explained in the Reader’s Digest version; Debt settlement sales agents promoting debt settlement services have been recorded as saying, “Stop paying your credit cards, I can settle your debt for 25 cents.”
Now think about it, stockbrokers, financiers, realtors, etc. they all have to be licensed and regulated as a means of protecting the public, so why aren’t these phones terrorist? There are unscrupulous telemarketers taught to read scripts who have no idea of the impact debt settlement can have on your credit rating, tax consequences, etc.
Senator Charles E. Schumer (DN.Y.) plans to introduce a bill this week that would ban early fees from the debt settlement industry and limit the total amount collected. It would also allow consumers to cancel the program and receive a refund.
It would probably be in your best interest if your debt settlement sales agents do not claim to be affiliated with government agencies or federal stimulus programs, as they have also been registered by federal agencies. Emails are even popping up with copies of sales scripts urging sales agents to tell prospects that they have been monitoring their credit score and that it has dropped rapidly in recent months when, in fact, this is anything, minus the truth. People’s lives are at stake, and when a confident sales professional equipped with the answers to the questions they already know customers are going to ask, it’s clear who has the upper hand.
At this point, if you are still slated for the debt settlement business vs. lawyer-based debt resolution program, your friends and business partners may disapprove, as major periodicals such as Reuters, The New York Times, The Washington Post, CNN, CNBC, ABC, NBC, carry the news FOX Daily just to name a few, exploiting each and every word being said about the debt settlement industry.
Let’s be specific. “It’s hideous beyond words,” Sen. John D. Rockefeller IV (DW.Va.), who chairs the committee, said at the hearing. “These debt settlement companies are kicking people when they are down.” It’s no wonder that the American reputation is known for cannibalizing each other and is likely to find prey in the next emerging industry.
Friday, April 23, 2010, “A government investigation into the burgeoning debt settlement industry found that many companies misled consumers by claiming to be affiliated with federal stimulus programs and exaggerating their ability to reduce consumer loans.” the Washington Post reported.
Fast forward so you don’t have to deal with this problem. Many call centers, mortgage offices, credit repair companies, loan modification companies and the like have already made the switch from the once prosperous
Green Status Model to the most widely accepted and consumer-friendly attorney-based debt resolution model. Advantages include the ability to serve 48 states while a debt resolution attorney compensates you in each state.
Once your client finds value in your fully explained attorney-based debt resolution program, they immediately receive a call from a paralegal who welcomes them to the program. Your client is now a client of a law firm that has fiduciary responsibility to its clients under his attorney license. Lastly, the paralegal gives his client his contact information and advises him to call him directly in the future. Woof. This is the icing on the cake so you don’t get shut out of the debt settlement industry altogether.
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