Debt Amount Settlement Licensing Over View

Inkasso Vergleich Machen: Some one who recently asked me about whether it was ok to profitably open a debt settlement company and not to work with a back-end service provider since the back-end provider also takes around 50% of the total commissions. My simple answer was I have some more questions than the answers for you. One of the questions that I asked was whether if the person already had one or more of the licenses that actually authorized him to collect the fees from consumers for full debt settlement services?

Some of the states also do not even have any type of out standing debt settlement or the DS licenses but many of the states even have the new licensing mandates and requirements or have had license requirements on the good books for some time as of now. If you are not at all collecting a fee from the consumer, you may not at all need a license. That is why many of us even work with the back-end providers who not only negotiate the full debt amounts but also will handle the collection of the complete fees. The back-end service providers should have the required licenses or the attorney networks in all of the states in which they are actively operating.

As you even look much more closely into the DS’s licenses, many of them in the industry also talk about the Green States and the Red States. When ever talking about those Green States, people are often referring to the states that are the non-attorney states. The Red states are also attorney states where the back-end provider is very typically an attorney of lawyer firm. These Red states have some strict licensing requirements to even engage in the DS services in these particular states. Additionally, these Red States also typically have the restricted the amount and the total types of fees that can also be collected from a consumer in that particular state.

If at all you are working with a solid back-end Debt Settlement service provider then you will also want to know which of the states are the Red states and which of the states are the Green states since the client will be regularly working with a law attorney in the Red states but may not necessarily be working with an attorney in those green states. This actually helps to strengthen your over all sales process in knowing when ever you can tell the client that an attorney will be actually supervising his or her DS program and the total negotiation of the over all debts. In short, Red states are really not bad as compared to the Green states but this is just one more area that you actually need even to educate yourself as and when you move forward with establishing your DS services. Keep on reading the DS guides even to expand your over all knowledge about this particular business.

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