By Rich Preisig

It's the same old song and dance; the guy that was selling insurance last week is offering debt settlement this week and the woman who was selling real estate is now offering loan modification. Those on the front lines of being a mortgage owner or branch manager, now loan modification agent, can find it quite incestuous, as new industries rise and fall. Rising; yes, and the Debt Settlement Industry is apparently the New Black!

Recently and most noticeably has been the explosive growth and opening of debt settlement net branch affiliate offices. And interestingly, these same salespeople are filling these debt settlement branch offices, and they're making $75,000 - $200,000 in commission income, as they bailout the people with overextended credit card debt and other unsecured debt. There is so much money in the debt settlement industry and a lot of people are going to get a Fresh Start!

Attorney Debt Settlement

If you too, are looking to Offer Debt Settlement to Your Clients, and you should, as there is real money in it, it makes sense to have several back end relationships going at once, as you never know when one is going to let you down or be shut down - see below. See what's out there and what works for you. See which company is consistent and thorough, easy to communicate with and is truly interested in your offices' growth.

For many of you who have come into the Debt Settlement Industry from the Mortgage Industry or Loan Modification Industry, it's the same as having multiple Lenders to source your loans to. Don't be naive and fall in love with only one Debt Settlement Company, as you'll unknowingly find that you're missing a lot that's going on around you in the Industry as a whole, never mind a better payout or better track record of Client retention. This is a warning for all of the debt settlement offices out there who are currently being paid 60% or higher which is 9%+ of the 15% in collected fees. It feels good as the money is coming in, but apparently, Attorney General Andrew Cuomo isn't going to let it last.

There's good money in being a Debt Settlement Agent. In fact, there's more money right now in Becoming a Debt Settlement Affiliate Net Branch Office than any other similar industry and the run looks to last for many years to come, as more American's live off of their credit cards, only paying their minimums.

And with State Attorney General Andrew Cuomo recently stating that "Companies in the debt settlement industry often prey upon consumers who find themselves unable to keep up with credit card payments during these difficult economic times," it's important to understand what these debt settlement companies are doing wrong and what Debt Settlement Companies are doing it properly.

Exclusive LIVE Debt Settlement Transfers

First and foremost, any debt settlement company that is willing to offer your debt settlement office aggressive upfront commissions is likely to be out of business or put out of business shortly.

The reason for this is twofold; 1), if you were a customer and agreed to pay back $500 per month for the next 36 months, but noticed that your first 3 months payments of $1,500 were disbursed as follows - $1,250 went to the debt settlement office as fees and only $250 went to settling your debt. This is the reason that the client retention rate for such debt settlement companies can be low and overall, it brings the Industry average for customers completing the debt settlement program through its term down significantly.

Secondly, this unexpected nationwide probe into the debt settlement Industry, just as more and more Debt Settlement Sales Offices are sprouting open, it looks like just as many will be shut down. So, be sure you know that the debt settlement companies you're signed up with, are first looking out for the customer. Just like in Life, the litmus test is generally pretty easy. It's either right or wrong to take all of the customer's fees upfront.

Attorney General Andrew Cuomo clearly feels that some debt settlement companies are bastardizing the Industry. The subpoenas were issued to American Debt Foundation Inc, American Financial Service, Consumer Debt Solutions, Credit Answers LLC, Debt Remedy Solutions LLC, Debt Settlement America, Debt Settlement USA, Debtmerica Relief, DMB Financial LLC, Freedom Debt Relief, New Era Debt Solutions, New Horizons Debt Relief Inc, Preferred Financial Services Inc, U.S. Financial Management Inc and the Allegro Law Firm.

For the rest of the scrupulous offices out there willing to play the game fairly, so we can all play it again tomorrow, cheers to you, as the debt settlement Industry isn't the easiest Industry, but it can give many deserved people in this Country a "Fresh Start" says Paul Lepore, a Debt Settlement Industry Insider.

With the right debt settlement office training and the right marketing plan, a debt settlement net branch office can close 2 to 3 debt settlement deals, per debt settlement agent, per day. Your debt settlement office training should be ongoing and easy to duplicate. There should always be room for growth and expansion, but the message should be clear and consistent.