DIGITAL DEBT COLLECTION IN USA

Do you notice how time is flying nowadays? The world around us is changing faster than ever before. Whether you like it or not, the world has moved on and new technologies appear almost every day. In fact, almost every company provides an opportunity for clients to pay for the services online and it does not matter whether you order food or you send a child to school. It really is a convenient, fast and quite easy payment method. Consequently, it is pretty obvious that debt collectors (recovery lawyers) digitize their businesses to automate recovery procedures, isn't it?

Digital debt collection platforms give customers an opportunity to resolve problems quickly with the assistance of a chat-bot (a special automatic program with a list of provided services), which can help to reschedule payments or negotiate and resolve an outstanding debt. And you can do it all from your bed! Can you believe it?

We know every customer sets a high value on his/her time. That is why every client would like to have the ability to negotiate a debt with a computer rather than speaking on the telephone for hours. Moreover, It takes away the embarrassment and judgment that many debtors have to talk about their credit problems, which may be rather emotionally difficult.

How often have you been a victim of fraudsters? It is a common situation, when a public verification procedure is held by fake inspectors. The last thing you think about in such stressful conditions is to check the certificates on the official sites of public authorities. Therefore, a chatbot prevents you from unwelcome guests visiting.

Besides all above-mentioned pros of negotiation via chatbot, it ensures debt collectors that they adhere to the letter of the law, namely the Fair Debt Collections Act.

To sum up, the recovery process can be done anytime and from anywhere with online access to debt accounts, thereby increasing the efficiency and consistency of payments. Digitising debt collections also enables collectors to engage with debtors after working hours, when it would be illegal to call, ensuring compliance.

To start with, a debtor receives an email with several debt settlement plans at his/her discretion, for instance, reinstating an account or termination of a contract. A chat-bot will offer a few ways to resolve an outstanding debt depending on the debtors' preferences.

It is worthy of note that CIS DRS chat-bots do not use forbidden languages under the threat of the law enforcement procedure. Thus, each letter or message which is sent to the debtor company is prewritten and preapproved a few times by high-level experienced professionals.

All in all, CIS DRS digital debt collection is based on convenient cooperation and negotiations between a debtor and a collector by introducing automatization into the system.

The clients choose CIS DRS digital debt collection services as it is based on the following fundamental principles:

➔ excellent client service for creditors;
➔ automation of recoveries(digital debt collection);
➔ adhere to the letter of the law, namely the Fair Debt Collections Act;
➔ easy, quick and non-stressful procedure for all parties;
➔ modern and successful application digital debt collection on the market
➔ timely support for creditors in solving their non-standard debt issues