Debt Settlement
Jul 16, 2012OUTCOME: Clients gets out of debt once through the program. The major negatives are a decrease in the clients credit rating and having to pay tax on the amount saved, unless an exception applies.
Enroll client's debt using TSR guidelines. Settle the debt at a discount only collecting fees when the debt is actually settled. Client pays monthly payments into a trust account until debts are sett ... led on a debt by debt lump sum basis.
