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NewswireToday - /newswire/ -
Frisco, TX, United States, 01/30/2007 - As South Carolina consumers suffer under unbearable credit card interest rates- many approaching 40%, South Carolina regulatory officials have long ignored the need for licensed, regulated Debt Settlement in their state.
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Many times our members have heard and witnessed South Carolina officials stand firm in their interpretation of the state's debt adjusting law. Regulators have flatly prohibited Settlement Companies in their state, without first imposing unreasonable fee caps and unfair restrictions.
After receiving hundreds of calls from South Carolina consumers searching for legitimate, lawful debt settlement alternatives, TASC decided it must act. On January 19, 2006, TASC President Tami Brown led the charge to begin what is expected to be a long process to amicably "take back South Carolina." President Brown and TASC legal counsel, Robby Birnbaum of Greenspoon Marder, P.A., reported an exceptionally friendly and warm reception to TASC concerns by top state regulators.
"Based on the sting that South Carolina regulators have previously felt from a few bad actors that mistreated their consumers, we have an uphill battle ahead. But there is no doubt that TASC must do something to address the great need for its members to enter South Carolina and provide lawful, regulated services. As we explained to the state, instead of effectively banning our membership through low fee caps and other regulations, the state should consider providing incentives to the 'good guys' to enter and conduct business lawfully. South Carolina is very friendly toward collection agencies. We did our best to explain how a balance needs to be achieved to give their consumers a fighting chance."
After much discussion, South Carolina acknowledged a need for alternatives for their consumers. Especially since the state is very friendly for collection agencies, having very little state regulation over their often abusive practices. President Brown was quick to point out that one of TASC's missions is Consumer Protection - aligned with that of South Carolina - through proper and fair industry regulation.
TASC will continue to work with the state by providing persuasive materials, consumer testimonials, and advice in the proper and fair regulation of its member companies. TASC believes that the most effective approach to its goals will be to focus on the 2008 legislative session, and to continue its present efforts with state regulators to gain their growing support through 2007.
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tbrown[.]tascsite.org 
