In these challenging economic times, with unemployment at record levels, consumers more than ever are turning to debt settlement companies to assist them in negotiating settlements with their creditors. It has been estimated that approximately $2.4 Billion in new accounts enter some type of debt settlement program each month, and the forecast is for this amount to increase in the coming years. Now, more than ever before, debt settlement companies need to implement technology in order to deliver operational efficiencies.
Delivering increased value to your clients means settling more debt. Now, Persolvo Data Systems can help you dramatically increase the number of settlements you make while lowering your overhead. Persolvo’s Web-based settlement system, CONCERTO 3.0, aggregates your client’s account information on a daily basis, providing visibility of your client’s enrollment balances and pre-approved trust account savings balance to a large number of creditors, debt buyers and collection agencies accessing the system. This process makes it possible for creditors, debt buyers and collection agencies who also utilize the CONCERTO system to easily locate accounts for settlement and submit bulk settlement offers to your negotiators for review and approval.
This enhanced visibility means there is less hands-on account management required by your negotiators since creditors, debt buyers and collection agencies have the most up-to-date account information and can submit settlement offers directly through the CONCERTO web-based settlement system.
Persolvo Data Systems delivers the technology, the tools and the automation to grow your business, lower your costs and maintain compliance.