Global understands the importance of safety when managing debt; for this reason, all Dedicated Accounts established through Global are insured by the Federal Deposit Insurance Corporation (FDIC).
In 2003 Global introduced its revolutionary Dedicated Account savings solution to the debt resolution industry, as it creates total separation between the consumer’s funds and the debt resolution companies. Global works with the consumer to help administrate payments in and disbursements out of their Dedicated Account and has no legal affiliation with any debt settlement company. Global enables consumers to accumulate and control their own funds within their Dedicated Account that is then used to disburse funds to the consumer’s creditors. Competing service models, such as trust and self-held accounts, either significantly limit a consumer’s control over the funds or do not effectively help consumers control their spending patterns. In addition, the Dedicated Account model creates transparency for a debt resolution company by providing view only access to the account balance to ensure that sufficient funds exist before attempting to execute a settlement.