New York, NY - Kredit (www.kredit.fyi), the leading centralized debt resolution platform, is proud to announce a significant milestone in its debt settlement network’s growth. Over one million consumers, represented by debt settlement firms, are now resolving accounts through Kredit’s debt settlement network, marking a major achievement in the company's mission to standardize the compliance & security measures throughout the debt resolution industry.

As Americans face increased financial pressure, debt settlement has become a mainstream consumer service that supports individuals facing financial hardship. As the number of consumers hiring debt settlement firms to interact with lenders and servicers on their behalf has increased, so has the need for industry-wide compliance and security controls during the process of consumers resolving their outstanding liabilities, assisted by advisors during that process.

“We’re excited to celebrate this major milestone because it highlights something we’re so grateful for: the trust that organizations on both sides of the debt settlement ecosystem have placed with Kredit to make the debt settlement process more secure to consumers’ benefit,” said CEO & Co-Founder Dave Hanrahan. “We know how important data safety is in the debt settlement ecosystem, and we appreciate the eagerness by all financial services stakeholders to advance safety & soundness, powered by Kredit’s technology & network.”

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.

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