New York, NY - Kredit, the leading centralized debt resolution platform, is excited to announce a new feature set for debt settlement counterparties in the Kredit ecosystem: mid-litigation settlement management.

This unique feature set is purpose built for collections law firms who represent lender clients in litigation against consumers, allowing them to come to agreements with consumers, through their Advisors, to resolve their debt quickly and to track the agreement, payments, and execution of documents required by local courts all in one application. 

“We’re particularly excited about this feature set because we’ve heard from our network members that settlement negotiations throughout the litigation process have significant friction and must be handled with procedural nuance,” says Kredit CEO & Co-Founder, Dave Hanrahan. “For collections law firms, the feature set makes settlement during litigation simple and easy to track, and for consumers and their Advisors, it means an increased likelihood of avoiding financially devastating post-court-ordered remedies like wage garnishments, bank account levies and asset liens.”

About Kredit:

Kredit is the leading centralized debt resolution platform and network. Its software applications help lenders, ARM organizations, and consumer financial advisors to simplify and modernize how debt gets resolved. Consumers and their advisors can address all accounts in collections within a central platform that helps them understand, communicate with, and pay the various organizations they may need to interact with regarding one or many accounts.

For more information about Kredit’s debt settlement module, contact us here.