Providing industry orientation, training and certification for individual Debt Settlement Professionals...over 2000 IAPDA members!

 

...a 2010 top rated career & business opportunity in one of the nation's fastest growing industries, a career providing vital financial help and hope to millions of consumers...

 

 

The Debt Settlement industry is growing very rapidly...      

  • Recent changes in Bankruptcy laws make it more difficult for consumers to clear debts.       
  • Housing prices are dropping causing a decrease in available cash for consumers.
  • American consumers are over $2.56 Trillion in Debt, mostly credit card and other unsecured debt.   
  • Credit card companies are teaming up to track late payments by consumers.  Because of the universal default clause contained in their terms and conditions creditors are able to raise consumer's interest rates even if they paid on time with them but paid late with a different creditor.

CreditCards.com says - "Total U.S. consumer debt (which includes credit card debt and noncredit-card debt but not mortgage debt) reached $2.56 trillion at the end of 2008, up from $2.52 trillion at the end of 2007. (Source: Federal Reserve's G.19 report, February 2009)

 

As of March 2009, U.S. revolving consumer debt, made up almost entirely of credit card debt, was about $950 Billion. In the fourth quarter of 2008, 13.9 percent of consumer disposable income went to service this debt. (Source: U.S. Congress' Joint Economic Committee, "Vicious Cycle: How Unfair Credit Card Company Practices Are Squeezing Consumers and Undermining the Recovery," May 2009)"

 

A profession that truly makes a difference...

 

IAPDA membership is comprised of independent business professionals at firms of all sizes from small (under 5 staff members) to many of North America's leading and largest Debt Arbitration & Settlement firms. We are the only Certification programs focused on Certifying individual Debt Arbitration & Settlement Professionals. See our Member Links page for firms with individual IAPDA Certified members.

"The IAPDA Training and Certification Program is dedicated to serving it's members by defining and validating the profession of Certified Debt Specialists through practical industry knowledge, debt and credit education and by certification of professionals successfully completing the program."

 

Be a part of this exciting industry...

 

IAPDA Certified Debt Specialists are trained using the industry standard of training programs and are skilled debt arbitration & debt settlement professionals. Our members are current with the laws pertaining to debt, credit and collection and represent their debtor client's best interests during sensitive debt negotiations with creditors and collectors.

 

Consumer and Business Debt Arbitration/Negotiation and Settlement is one of North America's fastest growing financial segments and is among the Top Rated Career Opportunities of the New Millennium.

 

 
   

You can start today...

 

IAPDA members are individuals who enjoy an exciting career as Certified Debt Specialists with many of North America's leading Debt Arbitration & Settlement firms. See our Member Links page for the company contact information of many of our Certified Debt Specialist members.

 

A complete training and certification program...

 

Our training system and methods are complete, based on knowing the consumer laws governing the debt and credit Industry and fully understanding the client's current financial situation. IAPDA members are thoroughly trained and have learned non-confrontational negotiation skills to arbitrate debt settlements with creditors, collectors and attorneys on behalf of their debtor clients. As Certified Debt Specialists they facilitate a Win/Win resolution to debt and credit problems.

 

A financially rewarding career helping others for lifetime...

 

IAPDA Certified Debt Specialists are respected professionals in the Debt Settlement industry. Clients, creditors/collectors and collection attorneys all recognize the commitment of our members to training, certification and membership in the IAPDA. Leading Debt Settlement professionals fully understand the value and the return received for their initial business investment in training, certification and membership.

 

 

 

IAPDA membership is granted for lifetime and all future course upgrades are included with no further costs - ever !

 

 

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Our Featured Question & Answer of the Day For Tuesday

 

Q. Is Debt Settlement like Bankruptcy?

 

A: There is a major difference between Debt Settlement and Bankruptcy in many areas. Chapter 7 Bankruptcy remains on your credit report for a minimum of 10 years, whereas your charged-off accounts (the derogatory accounts) may remain on your credit file for only 7 years. Sometimes, these may be removed by a competent credit repair firm earlier. But be advised that most credit repair companies will just take your money and not deliver the promised results.

 

Never enter a Debt Settlement program, under the assumption that you will get the negative accounts removed in less than 7 years. To be safe, base your decision on the 7 year rule, then, if you are successful in removing negative accounts earlier, it will just be frosting on the cake. 

 

Bankruptcy reporting on your credit file may also affect other areas of your life. Bankruptcy is a PUBLIC RECORD. Most counties report recent bankruptcies in the newspaper every month or every quarter. The is also a publication that most lenders subscribe to the provide them all the recent filings. Bankruptcies filings can be found at the county registry as it is considered public information.

 

So its important to understand that a bankruptcy is not easy to hide from and is considered public information.Most employers pull credit files on potential candidates. It is likely that the candidate without bankruptcy will have a better chance at the position. Additionally, some employers will not hire an individual with a bankruptcy on their credit file, period. Lastly, some positions will absolutely exclude a candidate with a bankruptcy. This is especially true for security jobs, high level management jobs, jobs at banks and financial institution and many other types of positions.

 

Bankruptcy can also cause issues with renting. Many landlords will not rent to individuals with a bankruptcy file. While, landlords cannot discriminate, they may legally not rent to someone based on their credit profile.

 

Bankruptcy can also exclude you from loans in the future. While its true that some creditors will grant credit after a person files bankruptcy, (although there is typically a waiting period) some creditors will not grant a loan to anyone with a bankruptcy on their credit file. Most loan applications ask if you have filed bankruptcy in the past 10 years, and some actually ask if you have ever filed for bankruptcy. Although the question – have you ever filed for bankruptcy may not be a lawful question, nonetheless, if you do not answer it, it will raise a red flag and if you answer “no” you will not be truthful.

 

No matter how you cut it, bankruptcy can affect many areas of your life and should be avoided at all cost. It should be your last resort. You should not file bankruptcy until all your options have been exhausted or at the very least explored. Unless you have come to the decision that you have no other viable options.