TASC’s goals are to promote good practice in the debt settlement industry, protect the interests of consumer debtors, and lobby on behalf of debt settlement companies on the federal and state level.

Debt settlement companies act on behalf of consumer debtors to help them clear their debts. They do this by entering into direct negotiations with creditors in order to facilitate the repayment of debts. In return for their services, debt settlement companies are generally paid a fee by the consumer debtor. In order to avoid any hint of impropriety, TASC members do not handle, manage, or otherwise control their client’s funds.



Jun 13, 09
Credit Counseling Companies Backed by Faulty Industry
Consumers need to proceed with caution as they consider credit counseling as a means of debt relief.
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Jun 13, 09
Many Consumers Better Served by Debt Settlement Companies TASC finds credit counseling can fall short on debt relief
Consumers seeking to manage their debt have higher success rates when using credible debt settlement companies rather than credit counseling services...
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May 27, 09
Debt Settlement Industry Works Toward Regulation
TASC announced its efforts on both a state and national level to have legislation passed that regulates debt settlement companies...
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President of TASC, Chris Kesterson, writes to Consumer Reports Magazine
"We all know these are challenging economic times when people are forced to make difficult decisions, which is why your article "Financial Traps are Flourishing" (March 2009) concerns us..."

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Downturn Drives Growth in Debt-Settlement Services
The economic crisis is fueling growth among debt-settlement firms as more troubled borrowers seek help in reaching repayment agreements with creditors.

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President of TASC, Chris Kesterson writes in response to the BBB position on debt settlement

Mr. Kesterson writes on behalf of The Association of Settlement Companies (TASC) regarding the Better Business Bureau?s policy on the rating of debt settlement companies.

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