The FTC and Debt Settlement Advocates Forbid the Use of "Red Flag Words" in Advertising

<p>Facing one of the highest unemployment rates since 1948, currently 9.7%, debt negotiation services is a rapidly growing and relevant industry within our struggling economy. NYU, Professor Nouriel Roubini, recently stated "a rising probability of a catastrophic financial and economic outcome. A vicious circle of losses, capital reduction, credit contraction, forced liquidation and fire sales of assets at below fundamental prices will ensue, leading to a mounting cycle of losses and further credit contraction."</p><p>Regardless of the current economic status, debt settlement is a lawful and well needed debt solution. However, with the rise of consumer complaints, attorney general investigations, subpoenas, lawsuits and new legislation on the forefront it is imperative for consumers to know what the FTC and Advocates of Debt Settlement Industry have defined as "Red Flag Words" in relation to advertisements or sales practice.</p><p>You will often see advertisements with the headlines reading "DEBT FREE" or "ELIMINATE DEBT". These terms have been deemed as "Red Flag Names " by the FTC and do not comply with TASC standards,The Association of Settlement Companies.</p><p>The reason the FTC has classified this terminology as Red Flag Words is that no one can guarantee a specific outcome in relation to debt arbitration. Advertisements or debt consultants that imply a debt negotiation program will totally eliminate or leave them debt free is misleading.</p><p>Furthermore, when a debt relief company advertises the amount of debt to be reduced in percentage terms, such as "Reduce Debt by 65%" or "Save up to 50% on what you Owe", such percentages must be based on the actual historical performance of that specific debt settlement services.</p><p>Debt negotiation is an alternative to Bankruptcy and Credit Counseling, however, it is important for consumers to know what to avoid when choosing a debt settlement company. Finding a TASC or USOBA approved settlement company will insure a commitment to promoting good industry practices.</p><p>Epic Debt Relief was founded by Bankers and Lawyers who understand how the current economic crisis has affected millions of Americans including ourselves. We have leveraged our existing business relationships to insure that you, the consumer, will achieve the greatest savings possible for each and every debt enrolled. Our mission is clear! We are here to help settle your existing unsecured debt and put you back on track towards financial freedom. Our core services offer an alternative to bankruptcy, credit counseling, and debt consolidation. <a target="_new" href="http://nhm1.com/debt" rel="nofollow">http://nhm1.com/debt</a></p><p>Epic demands excellence and professionalism from our Debt Consultants. Our debt settlement program is custom tailored around your unique financial situation. When choosing a debt settlement company, you must be sure that your individual situation is understood by your consultant. Our negotiators are licensed and certified by the International Association of Professional Debt Arbitrators and Accredited Members of The Association of Settlement Companies, TASC, so you can be comfortable knowing you are in the best hands possible. <a target="_new" href="http://nhm1.com/debt" rel="nofollow">http://nhm1.com/debt</a></p>