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Debt Buyers & Collection Agencies

In these challenging economic times, debt buyers and collection agencies are under increasing pressure to recover more debt at a lower cost. However, these same economic challenges diminish the ability of many debtors to resolve their outstanding obligations. As a result, many debtors have turned to debt settlement companies as a way to meet their financial obligations.

Debt buyers and collection agencies can now use Persolvo's Web-based settlement application, CONCERTO 3.0, to uncover hidden settlement opportunities that previously were not visible to the organization. Utilizing Persolvo's extensive database of over $6 billion in debt settlement account data, debt buyers and collection agencies can locate these highly-liquid accounts, and submit bulk settlement offers directly through the CONCERTO system.

LOCATE

First, debt portfolios are scrubbed against Persolvo's extensive database of debt settlement accounts. The Concerto system then displays matching accounts that have been identified in the Persolvo database.


ANALYZE

The debt buyer or collection agency then runs multiple settlement campaigns for groups of accounts to optimize the potential settlement value of a portfolio. Accounts may be settled individually using a predetermined settlement threshold for each account, or grouped and settled to reflect an aggregated settlement threshold. The CONCERTO system calculates the settlement percentage and total dollars recovered.






SETTLE

Once a settlement campaign has been fully optimized, hundreds of settlement offers can be transmitted to multiple debt settlement companies with the click of a mouse. Once these offers are reviewed and accepted, settlement funds are immediately remitted by the consumer.

The CONCERTO system identifies highly-liquid settlement accounts, uncovering lost settlement opportunities that until now, were not easy to locate or analyze. Exposing these hidden settlement opportunities using the CONCERTO system will significantly lower the cost of collection and increase overall liquidation rates.