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Debt Resolution Economic Impact Studies

The American Fair Credit Council (AFCC), the predecessor to the American Association for Debt Resolution (AADR), has commissioned comprehensive reports from various independent financial and academic experts, including Greg Regan, CPA/CFF MBA of Hemming Morse LLP, John Dunham & Associates (JDA), and Will Dobbie of Harvard Kennedy School.

The purpose of these reports is to evaluate the impact of debt resolution. Collectively, these reports analyzed and collected data from across the United States, including millions of consumers and individual accounts.

Ultimately, these studies demonstrate that debt resolution has a substantial positive effect on the U.S. economy and the lives of millions of Americans who sought help with their unsecured debt.

Options for Consumers in Crisis

An Updated Economic Analysis of the Debt Settlement Industry

The AADR has recently commissioned a fifth report exemplifying the immense benefits of debt resolution for consumers struggling with unsecured debt, both for the nation and specific states. The report will be released in the fall of 2023. The four previous reports were commissioned by the predecessor to the AADR, the American Fair Credit Council.

Financial Outcomes for Debt Settlement Programs

These reports, completed by Will S. Dobbie, Professor of Public Policy at Harvard Kennedy School of Government, examine current evidence and past research conducted by Greg Regan of Hemming Morse LLP. They conclude that the Regan Report’s results were correct and that debt resolution programs significantly benefit financially distressed individuals.

Economic Impact Report

The 2019, 2020, and 2023 Economic Impact Reports analyze the debt resolution industry’s national and local effects. These independent studies, completed by John Dunham & Associates, demonstrate the overwhelming importance of debt resolution for consumers, the U.S. economy, and economies in states nationwide.