December 2, 2020
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Today, the American Fair Credit Council (AFCC) released a report detailing the significant and wide-ranging national impact of debt settlement activity to the U.S. economy and quantifying the total annual consumer benefit that debt settlement provides. The report, completed by John Dunham & Associates, determined that the debt settlement industry contributes $6.8 billion to the U.S. economy annually and saved American consumers more than $1.6 billion in 2019.
October 1, 2020
FORT LAUDERDALE, Fla.-- September 30, 2020 (BUSINESS WIRE)--The American Fair Credit Council (AFCC) announced today that it has appointed Andrea Mitchell, the Managing Partner and a founding member of Mitchell Sandler LLC, to its Board of Directors.
June 16, 2020
FORT LAUDERDALE, Fla.—June 16, 2020--The American Fair Credit Council (AFCC) announced today that it has appointed Dr. Diane Chen, Founder of Consumer Education Services, Inc. (CESI), to its Board of Directors.
April 11, 2020
Fort Lauderdale, FL – April 10, 2020 – The American Fair Credit Council (AFCC) has launched a COVID-19 resource center to assist consumers impacted by the recent nationwide response to the Coronavirus pandemic. Consumers may now search for helpful resources and links to state and federal programs related to unemployment insurance, replacing health insurance coverage lost to termination and locate state and federal financial assistance for workers and small businesses impacted by the social distancing mitigation response.
September 9, 2019
WASHINGTON–(BUSINESS WIRE)–The American Fair Credit Council (AFCC), the national trade association representing the debt settlement industry, today released the findings from a first-of-its-kind analysis describing the industry’s national economic impact. The study, conducted by John Dunham & Associates, found that debt settlement services contributed a total economic impact of $4.9 billion to the U.S. economy in 2018.
February 21, 2018
Fort Lauderdale, FL – February 21, 2018 –The results of a six-year study of consumers enrolled in debt settlement programs, commissioned by the American Fair Credit Council (AFCC) and performed by the Certified Public Accounting firm of Hemming Morse LLP, once again shows consumers realize financial benefit from debt settlement program participation. Furthermore, the study illustrates that consumers have realized greater benefits since regulation of the industry went into effect in 2010. The most recent report, the third of its kind since the AFCC first commissioned the study back in 2012, tracks the outcomes of over 400,000 clients in 2.9 million accounts enrolled in debt settlement programs during the period January 1, 2011 to March 31, 2017.