FREE SOFTWARE SOLUTION TO PROTECT CONSUMERS AGAINST FRAUDULENT DEBT RECOVERY PRACTICES

Debt Resolution Technology to Alleviate Alarming CFPB Findings and Disrupt Debt Settlement Industry

FORT LAUDERDALE, FL – (July 17, 2019) – Settleitsoft, Inc. announced today the official launch of its ground-breaking debt settlement App and web-based debt negotiation platform – SettleiTsoft®, available in English and Spanish. SettleiTsoft users will be empowered to protect themselves against predatory and deceptive debt collection practices while shielding their own interests and establishing smart digital debt negotiations that best fit their needs.

This innovative software platform encapsulates all aspects of the debt negotiation and debt settlement process; making it easy to digitally interact, negotiate debt repayment arrangements, and create online debt settlement agreements for delinquent debts, such as unsecured credit cards, student loans, and medical bills. Most significantly for both parties, there is no debtor/creditor confrontation, since interaction occurs in a secure virtual environment. By using the communication and negotiation tools provided by this free powerful, intuitive software, consumers should be able to stop harassing debt collection calls and retake control of their financial lives.

Under the Fair Debt Collection Practices Act (P.L. 95-109), debtors have the right to request in what manner and when creditors shall contact them. Therefore, by utilizing the SettleiTsoft platform, debtors are establishing this electronic method of communications as their preferred manner of negotiation, which should then help to stop debt collection calls from creditors and allow the unpaid debt obligation to be amicably resolved.

“By changing the debt settlement industry paradigm, debtors may inform their creditors of their intention to only communicate and negotiate debt settlement arrangements through the SettleiTsoft platform. Thereby stopping debt collector harassment and protecting themselves against deceptive debt collection methods. At the same time, SettleiTsoft allows users to streamline the debt settlement process and enable the operation to be fully automated,” said Antonio Garcia, CEO, Settleitsoft Inc.

The secure virtual environment provides a new level of protection against fraudulent practices and 24/7 assistance to consumers in financial distress. This is considered a major step in the right direction to directly aid debtors. By essentially leveling the plain field with the debt settlement industry, financial control is back in the consumer’s hands.

The Settleitsoft Team is committed to the ongoing improvement of this game-changing debt negotiation platform.

helping consumers alleviate stressful collection activities and achieve financial stability. To learn more, visit www.settleitsoft.com

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FREE DEBT SETTLEMENT APP TO HELP CONSUMERS IN FINANCIAL DISTRESS

Settleitsoft Inc. Announces Full Beta Release of Debt Negotiation Platform and Mobile App

FORT LAUDERDALE, FL – (March 20, 2018) – Following the successful Beta test, conducted during 2017, of a limited version of the software, the company has announced the full Beta release of SettleiTsoft – Debt Negotiation Platform – with a newly designed user interface and Mobile App.

By using the debt settlement tools provided by SettleiTsoft® , debtors should be able to digitally interact with their creditors in a transparent debt settlement process through a secure electronic channel of communication. This intuitive software helps debtors in financial distress to stop harassing collection calls and retake control of their financial lives. The web-based and mobile accessible software encapsulates all aspects of the debt negotiation and settlement process in a unique and affordable automated platform; making it easy to communicate, negotiate payment arrangements, and create settlement agreements for delinquent debts, such as unsecured credit cards, student loans, and medical bills, in a secure virtual environment.

Not only is SettleiTsoft expected to dramatically impact and disrupt traditional debt settlement practices and costly operations, but it also empowers consumers to protect themselves against predatory debt collector’s practices. Likewise, debt collection scammers are also in for a rude awakening.

“The ability to validate that the creditor has the correct account information and other proper credentials is one of the software’s key components,” said Antonio Garcia, Settleitsoft Inc. CEO, “because it allows the consumer to confirm that the debt collector actually has the right to collect the unpaid debt.”

The System also allows users to set up and manage account notifications, which informs them about actions regarding each settlement offer; tracks settlement savings and payments, and automatically stores pertinent documents, including offer letters and settlement agreements.

Under the Fair Debt Collection Practices Act (P.L. 95-109), debtors have the right to request in what manner and when creditors shall contact them. By utilizing the SettleiTsoft platform, debtors are establishing this electronic method of communications as their preferred manner of debt negotiation, which should help stop harassing collection calls – from debt collectors – and allow the unpaid debt obligation to be amicably and digitally resolved.

Available in English and Spanish, this innovative software platform also provides myriad debt relief alternatives to those consumers who simply want to control and better manage their personal finances.  To learn more, visit www.settleitsoft.com.

The Settleitsoft Team is committed to the ongoing improvement of this powerful debt negotiation platform, helping consumers alleviate stressful collection activities and achieve financial stability.

The SettleiTsoft® registered name and logo as well as other company and product names are trademarks of Settleitsoft, Inc. or related companies.

SettleiTsoft® to present at the SPARK Hollywood Start-Up Pitch Competition.

SettleiTsoft® CEO Antonio Garcia and CCO Rich Rudner will be presenting the the Free Debt Negotiation Platform SettleiTsoft® at the Spark Hollywood Pitch Competition 2017, in Hollywood Florida.  SettleiTsoft® Team is proud of being selected as one of the six finalist for this 2017 award.

IRS Private Debt Collectors Seem Destined To Abuse Consumers

SettleiTsoft is designed to empower debtors against traditional predatory collection practices through intuitive and secure digital communications that validate the collection process.

The Internal Revenue Service has hired private debt collection companies to go after overdue payments from millions of people who owe about $138 billion to the federal government, something the IRS has done itself for decades.

This action has consumer watchdogs fearful that some of the nation’s most vulnerable taxpayers will be harassed and that criminals will take advantage of the system by phoning people and impersonating IRS collectors.

Chi Chi Wu, a staff attorney with the National Consumer Law Center, told NBC News, “There are so many reasons why it’s a bad idea that the IRS has been forced to use private debt collectors…All too often, consumers are being mistreated by debt collectors and now taxpayers are at risk of that in the collection of tax debt.”

Nina E. Olson, IRS Consumer Advocate, told Congress that “in years past, the outside collectors employed by the government used psychological tricks that may have coerced some debtors into payments they could not afford.”

As evidence that supports these fears of abundant predatory collection activities becomes clear, the recent Beta Release of SettleiTsoft, the free debt negotiation software could not have been timelier.

“The validation power of the software is one of its critical components,” said Rich Rudner, Settleitsoft Inc. CCO, “because it allows the consumer to determine that creditor has the proper credentials and is thereby authorized to collect on the account.”

The SettleiTsoft web-based and mobile accessible platform offers 24/7 assistance to debtors and creditors as a bridge to facilitate and streamline the debt negotiation process. This intuitive software is designed to replace the traditional methods of debt settlements with an intuitive, interactive, transparent and secure online debt settlement process that gives consumers complete control of negotiations as to the terms of their debt settlements and creditor payment agreements.

Both the I.R.S. and the debt collectors say they will be mindful of taxpayers’ rights. One of the companies, Pioneer Credit Recovery, will “comply with debt collection rules and consumer protections,” the company said in a statement posted on its website. If so, consumers who invite private debt collectors to communicate and negotiate with them through the SettleiTsoft platform, should find ready acceptance by these companies.

In fact, under the Fair Debt Collection Practices Act (P.L. 95-109) – which the private debt collectors are required to obey- debtors have the right to request in what manner and when creditors may contact them and thus avoid predatory collection practices.

By utilizing the SettleiTsoft platform, debtors are establishing this electronic method of communications as their preferred manner of negotiation, which should then stop collection calls from creditors and allow the unpaid tax obligation to be amicably resolved.

It is important to note that the private collectors will work on commission, earning as much as 25 percent of the delinquent debt they collect. So they are motivated to collect as much as they can – and if consumer watchdogs’ fears prove true – any way they can.

The potential nightmare for consumers has already begun. The IRS started giving them cases this month. SettleiTsoft stands ready to come to the consumers’ rescue.

The Settleitsoft Team is committed to the ongoing improvement of this powerful debt negotiation platform, helping consumers alleviate stressful collection activities and achieve financial stability.

The SettleiTsoft registered name and logo as well as other company and product names are trademarks of Settleitsoft, Inc. or related companies.

FREE Debt Negotiation Software Now in Spanish

SettleiTsoft Helps Spanish-Speaking Debtors Combat Predatory Collection Practices

Settleitsoft, Inc. has announced that its Patent Pending debt negotiation software SettleiTsoft has been released in Spanish. This intuitive software platform has been systematically designed to help protect consumers from predatory debt collection practices, such as harassing phone calls and other unfair collection activities.

During three months of successful user testing, we continuously updated the platform while simultaneously obtaining essential feedback from our subscribers. Currently the SettleiTsoft Team is preparing for full Beta Release, which includes the Phone Application in Android,” said Martha Henry, company CTO.

The Consumer Financial Protection Bureau (CFPB) recently reported that one in four consumers in financial crisis feel threatened by debt collectors every day – even at work.

SettleiTsoft allows debtors to electronically propose negotiation dollar amounts and repayment terms to their creditors; thus reducing payments for outstanding debt and ultimately reaching debt settlement agreements. Now available in the second most commonly spoken language in the U.S, the system conveniently enables debtors to take the best advantage of the software in their language of choice.

“While the website and most of the key elements of the software, including instructions and forms, will be in Spanish, all documentation (e.g. Cease & Desist and Invitation to Settle Letters, Settlement Agreements, Terms & Conditions, Privacy Policy) are required by Federal law to be in English,” said Antonio Garcia, CEO, Settleitsoft Inc. “We constantly support the platform in both languages and preparing to do the same for other languages, such as Portuguese. In addition, Spanish-speaking users of the software need to be aware that ongoing communications with their creditors may not be in Spanish.”

Under the Fair Debt Collection Practices Act (P.L. 95-109), debtors have the right to request in what manner and when creditors shall contact them. By inviting creditors to negotiate through SettleiTsoft, debtors are identifying this method of electronic communication as their preferred manner of negotiation; which should then stop predatory collection practices from the debt collectors.

The platform also provides myriad debt relief alternatives to those consumers who simply want to control and better manage their personal finances.

Consumers who enroll in SettleiTsoft will be able to utilize all the power, tools, and convenience of the Professional version for free. After the trial ends, consumers will have the option of using a limited base version of the software for free or continuing to use the enhanced Professional version for a nominal fee. To learn more, visit www.settleitsoft.com.

The Settleitsoft Team is committed to the ongoing improvement of this powerful debt negotiation platform, helping consumers alleviate stressful collection activities and achieve financial stability.

The SettleiTsoft registered name and logo as well as other company and product names are trademarks of Settleitsoft, Inc. or related companies.

SettleiTsoft® Software Possible Solution to CFPB Consumer Survey of Debt Collection Experience Findings

SettleiTsoft Free Debt Negotiation Software Aids Debtors with New Tools to Combat Predatory Debt Collection Practices

FORT LAUDERDALE, FL, January 13, 2017 – SettleiTsoft, a web-based debt negotiation software platform has been systematically designed to help alleviate the debtor’s common problem of harassing collection phone calls and other predatory debt collection practices; empowering consumers to negotiate repayment of their debt in a non-threatening, secure environment.

SettleiTsoft has been developed to help consumers eliminate traditional predatory collection practices while changing the paradigm in the multi-billion-dollar debt settlement industry. This Patent Pending software enables debtors to electronically communicate and virtually negotiate with their creditors in a virtual setting through web portals and phone applications.

Under the Fair Debt Collection Practices Act (P.L. 95-109), debtors have the right to request in what manner and when creditors shall contact them.  By utilizing the SettleiTsoft debt negotiation proprietary tools, communication capabilities, and sophisticated notification algorithms (which connect debtors and their creditors in real time), debtors are establishing this electronic method of communications as their preferred manner of negotiation, which should help cease collection phone calls from debt collectors.

“The software platform is the smart way to facilitate communications; allowing debtors to inform their creditors that they only wish to communicate and negotiate debt settlement arrangements through SettleiTsoft.  Thereby stopping harassing collection methods, while streamlining the debt settlement process to operate much more efficiently and expediting the debt repayment process,” said Antonio Garcia, CEO, Settleitsoft Inc.

The Consumer Financial Protection Bureau (CFPB) survey, which was released on January 12 2017, shows widespread predatory debt collection practices that are threatening consumers who have debt issues.  This watchdog agency is strongly considering strengthening debt collection regulations specifically regarding the manner in which the business is being conducted.

The debt collection market is huge with real, persistent and disturbing problems for the millions of consumers in financial distress.  In fact, the CFPB has amassed more than 129,000 debt-collection complaints in its database; and the number continues to grow at a rapid pace.

The CFPB survey clearly demonstrates a constant – Debt collectors are becoming incredibly aggressive in their collection practices.  Some of the most noticeable factors:

• One-in-four consumers said they felt threatened
• About one-third said the collector had called them between 9 pm and 8 am
• About 40% of consumers were contacted four or more times per week
• 17% said they usually were contacted eight or more times per week

By leveling the playing field between debtors and creditors, Settleitsoft, Inc. has made a major step in the right direction, which should directly assist consumers while simultaneously benefiting both the debt collection and debt settlement industry.

SettleiTsoft contains step-by-step guidance throughout – with topic-specific videos and written instructions in every section of the software, as well as supporting a highly secured private messaging and filing system.  In addition, there are myriad debt relief alternatives to those who just want to control and better manage their personal finances.

To further examine the impact SettleiTsoft may have on the serious issues uncovered by the CFPB survey, visit www.settleitsoft.com .

The Settleitsoft Team is committed to the ongoing improvement of this powerful debt negotiation platform, helping consumers alleviate stressful collection activities and achieve financial stability.

The SettleiTsoft registered name and logo as well as other company and product names are trademarks of Settleitsoft, Inc. or related companies.

Settleitsoft Inc. Unveils Groundbreaking Online Debt Negotiation Software

SettleiTsoft^®  Platform Empowers Debtors, Gives Them New Tools to Combat Predatory Debt Collection Practices.

FORT LAUDERDALE, FL, December 02, 2016 /24-7PressRelease/ — Settleitsoft, Inc. today announces the Beta Release of SettleiTsoft – an innovative, intuitive debt negotiation software platform. SettleiTsoft has been systematically designed to help alleviate the debtors’ universal problem of harassing phone calls and other unfair debt collection practices.

SettleiTsoft has been created to help protect consumers by eliminating these predatory activities and leveling the playing field in the multi-billion-dollar debt settlement industry. The Patent Pending software enables debtors to electronically communicate and virtually negotiate with their creditors in ways never before possible through secure web portals and phone applications.

“Consumers have too often been subject to the harassment and predatory practices of the debt settlement industry with few resources on their side. SettleiTsoft marries cutting edge software technology with consumers’ legal rights to give them an effective way to negotiate debt settlement arrangements,” said Antonio Garcia, CEO, Settleitsoft Inc. “Our platform will bring peace of mind and relief to consumers by tilting the debt settlement process in their favor and stopping common harassing collection methods.”

Under the Fair Debt Collection Practices Act (P.L. 95-109), debtors have the right to request in what manner and when creditors shall contact them. In utilizing the SettleiTsoft platform, debtors are establishing this electronic method of communications as their preferred manner of negotiation, which should cease collection phone calls from debt collectors.

The system platform encompasses highly-secured proprietary private messaging and sophisticated notification algorithms – which connect debtors and their creditors in real time – as well as an easy to use filing system to aid in audit purposes. Furthermore, SettleiTsoft contains intuitive, step-by-step assistance throughout – with topic-specific videos and guides in every section of the system. Lastly, the platform provides myriad debt relief alternatives to those consumers who simply want to control and better manage their personal finances.

Consumers who enroll during the current trial period will be able to utilize all the power, tools, and convenience of the Professional version for free. After the trial ends, consumers will have the option of using a limited base version of the software for free or continuing to use the enhanced Professional version for a nominal fee. To learn more, visit www.settleitsoft.com.

The Settleitsoft Team is committed to the ongoing improvement of this powerful debt negotiation platform, helping consumers alleviate stressful collection activities and achieve financial stability.

The SettleiTsoft registered name and logo as well as other company and product names are trademarks of Settleitsoft, Inc. or related companies.

 

 

FIU students and alum make their pitch for the votes in the Business Plan Challenge.

SettleiTsoft®, was selected to present it’s business plan at the Miami Herald competition on April 12, 2016. This year had a record of 255 business plan submitted for the competition. SettleiTsoft® is a free, web-based, debt negotiation platform designed to facilitate communication between debtors and creditors.

https://biznews.fiu.edu/2016/04/fiu-students-and-alum-make-their-pitch-for-the-votes-in-the-business-plan-challenge/

SettleiTsoft® to present at the American Entrepreneurship Award 2016.

SettleiTsoft® CTO Martha Henry and CCO Rich Rudner will be presenting the the Free Debt Negotiation Platform SettleiTsoft® at the 2016 AEA “American Entrepreneurship Award”, in Coral Gables Florida.  SettleiTsoft® Team is proud of being selected as one of the semifinalist for this 2016 award. 

 

SettleiTsoft® BETA is now here.

SettleiTsoft® BETA is open to the public at the #emergeamericas show case exhibit on April 18-19, 2016