GHS Debt Solutions Announces TASC Certification

Leading Debt Solution Provider Now Certified By The Association of Settlement Companies

Delray Beach, FL. March 21, 2009 -- Today, GHS Solutions announced their accreditation by The Association of Settlement Companies, an organization dedicated to promoting good practice in the debt settlement industry, and protecting the interests of consumer debtors. GHS is only the 20th company in the United States to be accredited in such a way.

"Since we opened our organization, GHS has been dedicated to offering solutions that will allow consumers an alternative to filing bankruptcy ," explains Anthony Shea, Founder of GHS Solutions. "We strive to provide the highest level of customer service through some of the most difficult financial times our clients face. Our employees have years of experience negotiating directly with creditors and doing our part to provide an improved quality of life for all those with whom we work for. We are extremely proud to have passed our audit and wish other companies would follow suit."

Accredited TASC members have gone through a rigorous audit and have demonstrated compliance with the organization's by laws, which encourage debt settlement companies to provide services of the highest standards to ensure the public and industry's confidence.

GHS Debt Solutions works with clients to settle unsecured debts, as an option to bankruptcy. With specialists assigned to work with each consumer on a case by case basis, GHS develops a custom solution that fits client needs and budgets.

About GHS Solutions
GHS Solutions provides debt settlement services. Debt Settlement is an aggressive approach to debt reduction, which is appropriate for debtors with a serious amount of debt or who are considering bankruptcy. A debt settlement company negotiates with the creditors to settle the debt for a lower amount than owed, as the debtor saves their money for a lump-sum settlement payment. After the debt is settled, the creditor will send a letter stating the debt obligation was fulfilled, and will report to the credit bureaus that the debt has been, "Settled for less than full amount", "Paid" or "Settled". or will send a letter stating the debt obligation was fulfilled, and will report to the credit bureaus that the debt has been, "Settled for less than full amount", "Paid" or "Settled".

Creditors will usually settle for less than owed when the debtor is under serious financial strain because if the debtor chooses to file bankruptcy, then the creditor gets nothing. Creditors want to get as much money back as they can.

Debt Settlement is a way to get out of debt in the shortest amount of time, and with the least amount of money without filing for bankruptcy. There are some drawbacks though. The IRS considers a forgiven debt as taxable income, so at the end of the year, they will expect taxes to be paid on the settlement. The IRS, however, has a form (#982) available for special hardships. Debt Settlement can also be harmful to a debtor's credit-rating while they are in the process of settling their debts because creditors won't agree to settle on an account that remains current. The debtor's credit report will reflect that they are behind in payments until the debts are settled. Visit GHS Debt Solutions for more information.

About TASC
TASC's™ goals are to promote good practice in the debt settlement industry, protect the interests of consumer debtors, and lobby on behalf of debt settlement companies on the federal and state level. Debt settlement companies act on behalf of consumer debtors to help them clear their debts. They do this by entering into direct negotiations with creditors in order to facilitate the repayment of debts. In return for their services, debt settlement companies are generally paid a fee by the consumer debtor. In order to avoid any hint of impropriety, TASC™ members do not handle, manage, or otherwise control their client's funds. Membership of TASC™ is reliant upon debt settlement companies being able to demonstrate that they comply with the standards set out in the TASC™ Bylaws. The Bylaws have been developed in consultation with a number of debt settlement companies, discussions with different states' legislators, and major lenders. The aim of the Bylaws, and that of TASC™, is to encourage debt settlement companies to provide services of the highest standards to ensure the public and the credit industry's confidence.

Press Contact
Michael Conner
GHS Solutions
O: 541-704-0800
E: michael@ghsdebtsolutions.com