The Debt Settlement Discussion

In many ways, Debt Settlement has become part of the “new normal” in collection and recovery. Whether you hate it, deal with it, or think it’s a great option for consumers, certainly opinions vary. Some say with its high fees and questionable results – it’s having a negative impact of both the consumer and the entire credit marketplace. Others say Debt Settlement is misunderstood, and it is just a part of the cycle, or “collection waterfall” if you will, for “certain types” of consumers, – like credit counseling, bankruptcy or debt settlement. Some argue it answers a need. Just like first placements, second placements, legal strategies, and selling debt, has debt settlement become part of the cycle – or should debt settlement be considered in this way? Even the definition of what debt settlement is seems to vary based on individual and company – with its own supporters and distractors, as some consider it “credit repair” and others feel it doesn’t help the consumer in any way, or educate the consumer to help in the future.

Certainly regulators are taking a good look at today’s Debt Settlement model. What are the “unintended consequences” and long-term effects of this fast-increasing method of settlement – for both the protection of the consumer, their financial situation, and their future financial well-being? In addition to the consumer who settles, is it impacting or undermining our system of credit and repayment? Is the Debt Settlement model sustainable? Should it be?

Join us at Debt Settlement Strategies and Solutions Session as we delve deeper into what it is, or what it could be, as we look to resolve some of the issues, challenges and concerns inherent in the Debt Settlement model.

Tuesday - September 10, 2018
Time Event
1:30 p.m. – 2:15 p.m. Debt Settlement Overview and Regulatory Perspective
2:15 p.m. – 2:40 p.m. Understanding the Option and Educating the Consumer
2:40 p.m. - 3:00 p.m. Break
3:00 p.m. – 3:50 p.m. Operational Challenges and Concerns
3:50 p.m. – 4:20 p.m. Transparency, Suitability and Standardization - Can We Resolve the Trust Issues?


Debt Connection Symposium and Expo

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