After locating accounts and corresponding information, each debt settlement firm or other advisor individually establishes when they alert each counterparty they represent consumers. Organizations can immediately alert counterparties, or delay alerting counterparties until a consumer has accrued a sufficient balance to avoid litigation risk.

Kredit never contacts consumers who are enrolled with debt settlement firms or other advisors under the Kredit brand. In fact, consumers never find out Kredit is involved. Organizations may leverage Kredit infrastructure to send esignature requests to consumers, but they are sent under the individual organization's brand.

The settlement rates each Kredit Network Member offers are solely in their discretion. While some organizations have historically been known to offer different rates through different channels, the primary value propositions of negotiating through Kredit are automation, compliance, and a fluid ecosystem which creates opportunities for deeper settlement discounts due to operating efficiencies.

Absolutely not. Each organization who negotiates through Kredit signs an explicit Platform-as-a-Service Agreement and Data Use Agreement that protects them from data misuse and prohibits unauthorized data sharing, for organizations’ sake. Kredit's strategic focus is on sharing automation, compliance and data security best practices which benefits each industry stakeholder.

Yes, as organizations negotiate through Kredit, they can invite new counterparties to join the Kredit ecosystem after being reviewed by the Kredit team to ensure proper licensing and regulatory good standing.