TASC’s™ goal is to promote good practice in the debt negotiation industry, protect the interests of consumers and debtors, and lobby on behalf of debt negotiation companies on the federal and state level.
Debt negotiation companies act on behalf of consumers and debtors to help them clear their debts. They do this by entering into direct debt negotiations with creditors in order to facilitate the repayment of delinquent debts. In return for their services, debt negotiation companies are generally paid a fee by the consumer.
Membership of TASC™ is reliant upon debt settlement companies being able to show that they comply with the standards set out by TASC™ in the Bylaws.
The Bylaws have been developed in consultation with a number of debt negotiation companies, discussions with different states’ legislators, and major lending institutions. The aim of the Bylaws, and that of TASC™, is to encourage debt negotiation companies to provide services of the highest standards to ensure the public and the credit industry’s confidence.
