The DebtConnect portal offers providers, creditors and consumers a more efficient way to settle debts.
Columbia, MD (PRWEB) November 13, 2012
DebtConnect, an innovative debt settlement portal, released their 3rd quarter results for 2012. DebtConnect increased activated settlements 15% over 2nd quarter and now represents over 41% of all settlements activated by debt relief providers. With growing interest among major debt buyers and collection agencies, Creditor adoption of the DebtConnect portal increased a significant 23% in 3rd Quarter with most major creditors already on board.
The unique portal technology featured through DebtConnect provides a much more streamlined and efficient means of connecting debt relief providers with creditors to help facilitate the settlement of consumer debt. “Continuing technological efficiencies combined with a strategic marketing push have delivered impressive third quarter results; far exceeding our projected performance. This technology fills a void for the settlement space, allowing all interested parties to achieve settlements faster, effectively and in a secure environment,” said Jiunn Tan, Chief Information Officer for DebtConnect.
Dennis Jordahl, Senior Director of Creditor Relations for DebtConnect, further qualified the Q3 performance; “The number of unique households that activated settlements in the 3rd quarter increased 18% over the second quarter. This kind of growth is a testament to the quality and performance of the DebtConnect online portal. There is a real need for improvement in settlement processing.” Dennis went on to add, “The DebtConnect portal offers providers, creditors and consumers a more efficient way to settle debts.”
There is no cost to creditors to use the site and DebtConnect is accessible 24 hours a day, seven days a week. The technology offers all parties; creditors, collection agency, and providers, more accessibility and opportunity to find and resolve viable settlements.
DebtConnect streamlines the debt settlement process from start to finish. Our innovative technology is designed to improve the entire settlement activation and debt collection experience—allowing users to safely and securely exchange information and transact settlement activity in less time. Informed by years of experience, DebtConnect offers the security and dependability that providers and creditors are looking for.