TASC

TASC stands for The Association of Settlement Companies. TASC is a regulatory body overseeing the debt settlement industry.

Why is it important to choose a debt settlement company that is a TASC member? The number one reason - TASC member companies are not allowed to hold client funds. This means the company will open a trust account through a third party bank in your name. This way, if the company was ever to go out of business, your money would be safe.

TASC also requires member companies to disclose all fees and program guidelines. That way you aren’t hit with any sort of hidden cancellation or late fees.

You can find more information on TASC here.