Debt Management and Settlement Companies represent consumer debtors in direct negotiations with creditors to satisfactorily resolve unpaid financial obligations. This invaluable service eliminates the harassment of repeated collection attempts and restores a debtor’s credit standing in the shortest possible time.
Given the prevailing economic conditions, an ever-increasing number of debtors are seeking the services provided by Debt Management and Settlement Companies. As their clientele grows, these companies face new challenges in terms of how to cost effectively manage these new opportunities.
DSI represents the solution to these new challenges. As a contributor of debtor information to the DSI data base, a DMP/DSA partner will benefit in the following ways:
- Frequently, debtors may not recall all obligations owed. When new debtor records are entered into the DSI database, however, a complete summary is generated of all active obligations currently owed to our participating partners.
- This summary will also immediately clarify to whom all debt is owed. This information will be invaluable as a given debt balance could be still be owed to the original Credit Grantor – or – may have already been assigned to a Debt Buyer, Collection Agency or Law Firm.
- This electronic identification of the proper entity to contact will be achieved in a fraction of the time normally required and at no cost to the DMP/DSA companies.
By utilizing DSI, Debt Management and Settlement Companies will know both the total indebtedness of their clients and exactly to whom individual amounts are owed. With this information, the negotiation and settlement process will be greatly advanced. In turn, an expedited settlement process will result in increased client satisfaction. |
