Free Debt Settlement Software is Making the Debt Negotiation Easier

Debt Settlement App | Debt Negotiation | SettleiTsoft

CONSUMERS IN FINANCIAL DISTRESS ARE CONSTANTLY HARASSED BY DEBT COLLECTORS, WHILE FALLING INTO DEBT SETTLEMENT SCAMS  

From harassing, threatening phone calls day and night and horrible record-keeping to unjust collections and collection scams, the debt collection and debt settlement industries are fraught with companies who make these predatory practices their modus operandi.

cfpb2MOST RECENT DATA FROM THE CFPB MAKE THIS ABUNDANTLY CLEAR

Since 2012, Americans have filed more complaints with the (CFPB) regarding debt collection than any other financial industry.  As of June, the CFPB had received 316,810 debt collection complaints. This is an astounding 39% of which cited “continued attempts to collect debt not owed”. The second-largest complaint topic is mortgages, at 272,153.

An important step the CFPB is planning to take is to hold banks and other first-party creditors responsible for accuracy of their consumer debt data even after it’s sold to third parties.  This may encourage original creditors to bring debt collection back under their own auspices.

Banks have historically sold “charged-off” consumer debt to third party collectors.  But as indicated above, that procedure has been loaded with abuse and other problems.  In August 2014, the Office of the Comptroller of the Currency issued guidance that substantially reduced these sell-offs.  Since then, banks have primarily only outsourced the collection of the debt, versus selling it off.  However, the CFPB’s actions could also cut back that practice.

FREE DEBT SETTLEMENT SOFTWARE

Fortunately, Artificial Intelligence and Self-Service technology has evolved to create a new paradigm for the debt collection process. for instance, SettleiTsoft provides more secure and convenient communication channels. As well as, new tools that make virtual conversations possible and negotiations fruitful for both the debtor and creditor.

SettleiTsoft IS A GREAT EXAMPLE OF THIS DISRUPTIVE TECHNOLOGY

Accessible 24/7 via the Internet or Phone App, SettleiTsoft provides a variety of automated services. From its powerful financial management tools that will help you develop a livable budget; to its intuitive debt settlement capabilities, which include allowing you to communicate witmobile app (middle)h your creditors in a secure virtual environment.

In addition, consumers may have the ability to validate that the creditor is indeed authorized to collect the debt. Therefore, eliminating scammers who falsely claim the right to collect the consumer’s debt.

NO MINIMUM DEBT AMOUNT

SettleiTsoft is designed to replace the traditional methods of debt resolution.  You may conveniently negotiate settlement arrangements with your banks or debt collectors for any debt amount.  This Patent Pending platform supports a highly secured private communication technology that includes real-time Chat.  The software platform enables the debt negotiation process “on the go” through easy to use web portals and mobile applications.  The user is always in control and both debtors and creditors may choose to accept, reject, or make counteroffers to settlement proposals.

Since the software is easy to use with step-by-step instructions and topic-specific videos in every section, consumers can quickly become their own super-efficient debt settlement agents and begin restoring their financial peace of mind.

To learn more about all the software’s capabilities, visit www.settleitsoft.com, enroll in the software and view the video How to Start Using SettleiTsoft.  Best of all – it’s free.

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