Welcome to Debt Settlement InfoBank, the secure electronic repository for the consumer records of national debt management and settlement companies and the collection industry’s portal to the 21st century.
The landscape of the collection industry has changed considerably in recent years as an ever-increasing number of consumers have sought the services of third parties to resolve unpaid obligations. As this trend is projected to continue, even greater opportunities will be available, but new technologies will be required to realize the maximum benefit from this growing demand.
DSI’s centralized database encompasses the financial arrangements of more than 1,000,000 consumers currently participating in debt settlement and management programs. Within a controlled environment, the DSI database is accessible by credit grantors, debt buyers, collection agencies and law firms. When a creditor’s portfolio is compared against the DSI database, consumer matches are quickly identified. These immediate settlement opportunities will prove invaluable in analyzing portfolios, modeling purchases, developing segment strategies and assigning placement life cycles.
From a collection standpoint, this identification of consumers participating in DMP/DSA programs represents the most effective means to increase settlements without incurring any of the usual incremental expenses such as payroll, skip tracing, letter and credit bureau costs as reviews are electronically accomplished in a matter of moments, a fraction of the time that would normally be required for one manual review (and at a fraction of the cost). By controlling operational expenses and expediting the settlement process, significantly higher net backs will be achieved.
Using DSI’s Nirvana 3000 software, more specific applications can be customized as your circumstances require. Our leading edge technology has the flexibility to quickly adapt to changing priorities; the DSI database is immense, and its potential applications are limitless.
