Case Studies

Financial Outcomes for Debt Settlement Programs

Harvard Professor Will Dobbie, Ph.D., recently completed a review of the Debt Settlement Industry. Dr. Dobbie’s review included a lengthy analysis of the financial outcomes of individuals enrolled in debt settlement programs to determine their effectiveness in helping those with overwhelming levels of unsecured debt. Confirming the benefits of debt settlement that have been realized by millions of consumers, Dr. Dobbie notes in his report: “Reviewing the evidence from both this report and recent research, we conclude that debt settlement programs have the potential to significantly benefit many financially distressed individuals…

2019 Economic Impact of the Debt Settlement Industry

The 2019 Economic Impact of the Debt Settlement Industry estimates the economic contributions made by the debt settlement industry to the US economy in 2019. John Dunham & Associates (JDA) conducted this research, which was funded by the American Fair Credit Council (AFCC). This study uses standard econometric models first developed by the US Forest Service, and now maintained by IMPLAN, Inc.Data came from industry sources, government publications, and Infogroup.