New York, NY - Kredit (www.trykredit.com), the leading centralized debt resolution platform, is excited to announce a new feature set for users of its debt settlement module: pre-approved payment restructuring.

Ideally, once consumers enter into a payment plan to resolve their debt, they would make all agreed-upon payments. However, in reality, consumers often face challenging situations which require them to miss a payment. With this new feature set, debt settlement firms can alert their creditor counterparties to anticipated missed payments and select from a pre-approved slate of options to restructure that payment plan automatically. Creditors have control over both how the payment plans are allowed to be restructured, and how many times debt settlement firms can restructure the arrangements. 

“Understanding when a consumer is going to miss a payment is critical for creditors,” said Kredit CEO & Co-Founder, Dave Hanrahan, “and the ability to restructure a payment plan quickly, without starting from scratch, is important to consumer financial health. That’s why we’re so excited to announce this feature set, which improves operational efficiencies for parties on both sides of the debt settlement ecosystem.” 

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 network, contact us here.