The traditional method of debt collection is producing less than desirable results. Today’s consumers are smarter and feel more empowered with regard to their rights, and their ability to pay has been diminished by economic conditions. They are less likely to respond to aggressive collection techniques.
The psychological foundation upon which the settl.it online platform was developed includes:
Dignity
The online invitation to settle is the most dignified form of resolution that can be offered, putting the debtor back in control.
Preferred
Most consumers today use the internet as their preferred way of transacting.
Non-Confrontational
The entire process is a self controlled, internet process without human intervention.
Quick, easy and convenient
The debtor can settle any time, any place, just using a smartphone.
Private
The entire process is private and confidential, avoiding embarrassment.