Established in 2003, Global Client Solutions is a leading transaction processor in the debt settlement industry. As part of its commitment to best practices in the industry, Global Client Solutions is a member of the U.S. Organizations for Bankruptcy Alternatives.
2. Introduction
Established in 2003, Global Client Solutions is a leading
transaction processor in the debt settlement industry. As
part of its commitment to best practices in the industry,
Global Client Solutions is a member of the U.S.
Organizations for Bankruptcy Alternatives.
Founded by debt-settlement-industry companies to
establish representation options for debt negotiation
beyond bankruptcy and credit counseling law, the U.S.
Organizations for Bankruptcy Alternatives is
headquartered in the Dallas, Texas, area. Committed to
consumer satisfaction and compliance to Federal Trade
Commission regulations, the association works to set the
industry’s ethical standards.
3. Member Requirements
To ensure member companies provide the best possible
consumer services, they are required to be accredited, in-
good-standing members of the Better Business Bureau.
Additionally, member companies must offer consumers
educational materials about the Fair Debt Collections
Practice Act.
Member companies must also comply with the U.S.
Organizations for Bankruptcy Alternatives’ best practices
as they relate to client consulting, financial management,
and client services, among other areas. Some best practices
only apply to companies at the front or back end of the
process. For instance, the negotiations standards, relate
exclusively to consumer debt negotiation companies.
4. Conclusion
Importantly, members need to have written
procedures for their programs and processes and
documentation of communication practices between
creditor companies and clients. Members also are
required to explain the steps of debt negotiation when
inquiries are made.