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.

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.

Fort Lauderdale, FL – December 21, 2017 – The American Fair Credit Council (AFCC) announced today it will hold its 2018 Spring Conference, April 15-16 at the historic Driskill Hotel in Austin, TX. The conference will highlight speakers from across the debt relief and accounts receivable management industries and for two days of informative sessions and networking opportunities.