Resolving Debt Issues With Daisy Debt Service
Daisy Debt helps financial counselors and legal service providers tackle their clients' consumer debt problems by providing tools for generating tailored debt verification letters. Debt collectors often settle for less than the full debt amount, and Daisy Debt aims to assist in this process by streamlining document generation and facilitating communication between parties. The current challenge involves identifying factors that influence settlement amounts, such as zip code, age, the debt amount, and the specific firm handling the debt. The solution involves collecting client data to analyze and predict debt settlement outcomes.
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Presentation Transcript
DAISY DEBT MATTHEW MORGAN
DAISY DEBT CONTACT: LINDA TVRDY DAISY DEBT HELPS FINANCIAL COUNSELORS AND LEGAL SERVICE PROVIDERS RESOLVE THEIR CLIENT S CONSUMER DEBT ISSUES THEY HAVE TOOLS THAT HELP POPULATE DOCUMENTS FOR TAILORED DEBT VERIFICATION LETTERS AND THEN BE MAILED THROUGH THE TOOL DEBT COLLECTORS BUY DEBT FOR PENNIES ON THE DOLLAR THEN GO AFTER DEBTORS. OFTEN DEBT COLLECTION COMPANIES ARE WILLING TO SETTLE FOR LESS THAN THE FULL DEBT
THEIR CURRENT PROBLEM FIGURING OUT IF THERE ARE ANY FACTORS THAT AFFECT THE AMOUNT DEBT COLLECTORS ARE WILLING TO SETTLE FOR, AND IF SO, WHICH ONES HAVE THE MOST IMPACT. ZIP CODE AGE AMOUNT OF DEBT PARTICULAR FIRM HANDLING THE DEBT.
SOLUTION PHASE 1: COLLECTION COLLECTING DATA FROM CLIENTS IN REGARDS TO POSSIBLE FACTORS IN SETTLING DEBT PHASE 2: ANALYSIS USING THE DATA COLLECTED TO BE ABLE TO DETERMINE WHICH FACTORS ARE HEAVILY RELIED UPON AND PREDICTING HOW MUCH A COMPANY WILL SETTLE FOR IN THE DEBT COLLECTION.
