Debt Relief App Helps Protect Consumers Against Student Debt Scams & Deceptive Debt Recovery Practices
Free Online Technology Could Ease Distressing CFPB Findings While Helping Safeguard Consumers Against Student Loans Scams
SettleiTsoft is responding to the alarming Consumer Financial Protection Report Findings (CFPB) with a fully automated debt settlement system to empower defaulting student loan debtors to combat dishonest and fast-growing student debt settlement scams.
The innovative digital tools of this powerful software platform encapsulate all aspects of the debt negotiation and debt settlement process; making it easy to digitally interact with debt collectors in a non-confrontational virtual environment. By using this affordable technology, consumers should be able to stop harassing debt collection calls, negotiate debt settlement arrangements for unpaid debts and retake control of their financial lives.
Under the Fair Debt Collection Practices Act (P.L. 95-109), debtors have the right to request in what manner and when creditors shall contact them. Therefore, by utilizing the SettleiTsoft platform, debtors are establishing this electronic method of communications as their preferred manner of negotiation, which could then help stop debt collection calls from creditors and allow the unpaid debt obligation to be amicably resolved.
"By leveling up the debt recovery paradigm in the consumers' favor, debtors may inform creditors of their intention to only communicate and negotiate debt settlement arrangements through the SettleiTsoft platform. Thereby, stopping debt collector harassment and protecting themselves against deceiving and fraudulent debt collection methods," said Antonio Garcia, CEO, Settleitsoft Inc.
The Federal Trade Commission has recently filed several lawsuits against debt settlement and debt collection companies. They are charged with engaging in predatory and fraudulent practices against hundreds of thousands of consumers by taking illegal fees and falsely claiming repayment of unpaid debts.
The free debt relief App - SettleiTsoft - allows users to streamline the debt negotiation and debt settlement process; enabling the entire operation to be fully automated and accessible anywhere, anytime. Its secure virtual environment provides a new level of protection against fraudulent practices and 24/7 assistance to all consumers; essentially placing financial control back in the consumers' hands.
The Settleitsoft Team is committed to helping consumers alleviate stressful debt collection activities. https://www.settleitsoft.com