The Debt Alternative Center Now Offering Debt Restructuring with FDCPA Protection

LOS ANGELES, CA, May 16, 2011 (Press-News.org) The Debt Alternative Center today announced that they are now including debt restructuring services with FDCPA protection as part of the services available for their debt affiliate partners to offer to prospective clients.

These new services are designed to protect against creditors or collection companies who use "abusive and deceptive" strategies while trying to collect a debt. In some cases they call outside of 8am to 9pm local time or call an individual's place of employment. Worst yet, they sometimes threaten arrest or legal action or use abusive or profane language. In extreme cases, they communicate with third parties revealing personal matters or even report false information to the credit bureaus. Because of these practices, most people in debt are afraid to answer their own telephone, especially if it is an unknown number.

According to Luigi Mungioli of the Debt Alternative Center, "The Fair Debt Collection Practices Act (FDCPA) was passed to eliminate these abusive collection practices and to define the guidelines under which debt collectors must conduct business." He continued on by saying, "Debt collectors typically will violate the FDCPA laws, and as such the debtor will have the right to sue the creditor or current debt holder and collect punitive statutory damages, which are $1,000 under federal law and $1,000 under state law. Typically collection companies will prey on debtors knowing that they are financial strapped and that they can't afford to retain an attorney to protect them against such harassment, so they violate FDCPA laws regularly."

Since the Oct 27th, 2010 FTC ruling, which prohibits any debt settlement business from collecting fees upfront, most debt settlement companies have ceased to do business. A few are offering what's referred to in the industry as a "performance model" or "no advance fee model" debt settlement, meaning they don't collect their fees until after a clients settlement has been is reached. However, typically while a client is enrolled in a performance model debt settlement program, they are constantly getting harassed by debt collectors and in many cases they have no legal protection and so very often the debt collector will issue wage garnishments or judgments. In these cases, both the client and the debt settlement company offering "debt settlement performance model" are left in a "lose-lose" situation.

The Debt Alternative Center (DAC) is an industry leader in the wholesale debt settlement space, offering backend debt settlement processing nationwide. The company takes pride in now offering the FTC compliant "FDCPA and Debt Restructuring" program. The DAC offers FDCPA attorney representation in all 50 states, while also working on settling their client's debts, typically settling at around 40% of what was originally owed. This new program is geared at helping the client overcome these difficult time in his/her lives while helping the DAC debt settlement affiliate produce more client settlements than ever, thus a "win-win" situation.

About the Debt Alternative Center
The Debt Alternative Center has over 25 years of experience offering back-end debt settlement processing and a debt settlement affiliate program for new and existing companies looking to provide debt resolution. Their National backend service also includes FDCPA protection and Debt Resolution, Attorney and Performance Model Debt Settlement, along with IRS Tax Resolution, Defaulted Student Loans and Bankruptcy as well as debt settlement training.

Website: http://www.debtalternativecenter.com