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Consumers who enroll with debt settlement companies typically have debt in excess of $20,000, representing multiple accounts. But through enrolling, consumers have preemptively decided that they are willing, and reasonably able, to pay. Identifying accounts that are enrolled with debt settlement companies proactively means getting a more holistic view of the consumer’s finances, and allows collections organizations and lenders to craft settlement options that can work for both parties. This week’s double-click covers why you should consider implementing a debt settlement enrollment scrub, plus some how-tos. Read the full article here: https://lnkd.in/eeGR4SMK Never miss a double-click. Sign up for the Kredit? weekly newsletter here: https://lnkd.in/ezKjbw7w

What a week we had at Women in Consumer Finance 2024! The ladies of Kredit? (Alexia Greeff, Cayla-Simone Riggs, & Erin Kerr) brought back so much from Fort Worth, and not just a new love for honky-tonks (though we did have a good time at Billy Bob’s!). From serious inspiration, real, tactical advice, and a Product Pioneer Uplift Award (woohoo Alexia Greeff!!), we’re ready to set up a successful 2025 & beyond. Thanks to Kredit? & Dave Hanrahan for the space and support to attend and sponsor Women in Consumer Finance. 'Til next year in Charlotte! #WCF2024

Top #Collections Story for November 15, 2024 | sponsored by Kredit? FTC Cracks Down on Georgia-Based Debt Collector for Deceptive Practices Read the full story here: https://lnkd.in/eZBW6eZB DebtHub, Inc. is the daily collections news you need. Subscribe to our newsletter here: https://lnkd.in/eBNQ-S5t

Maybe it’s counterintuitive, but compliance is often the driving force behind evolution in debt collection. From the inception of the CFPB, to the various, and seemingly endless, state-by-state regulations around consumer privacy and protection, collections departments can’t afford to go without innovation. By integrating compliance into the core of innovative strategies, banks and lenders can enhance recovery outcomes and fortify their standing as responsible financial entities. How has compliance influenced debt collection advancements? Read our full breakdown in this week's Double-Click with Kredit?: https://lnkd.in/eJCu4Dd7

Ladies & gentlemen, we have a winner! Congratulations to Alexia Greeff for being recognized as a finalist for, and winning, the 2024 Women in Consumer Finance Product Pioneer Uplift Award. We are so proud of Alexia & grateful to work with her every day.

All members of the debt settlement ecosystem need to be on high alert about protecting consumer data. How? ? Use Robust Encryption ? Implement Security Audits ? Create a Culture of Compliance This week’s double-click drills down on why safeguarding consumer data is important, especially when it comes to debt settlement, and how to do it. Read the full article here: https://lnkd.in/esMsuAza Don’t spend much time on LinkedIn? Don’t worry. You can get our weekly double-clicks, plus trends we’re tracking at Kredit?, delivered to your inbox once a week. Sign up here: https://lnkd.in/ezKjbw7w

? ? If your debt settlement partners aren’t asking about your data sharing and storage practices, that’s alarming. Why? Parties on both sides of the debt settlement ecosystem have a lot to lose in the event of a data breach. Dave Hanrahan breaks it down here ?

Their bags (and cowboy boots) are packed! Women in Consumer Finance 2024 is one week away and the ladies of Kredit? are ready. Don't miss Cayla-Simone Riggs, Alexia Greeff & Erin Kerr in Ft. Worth next week. They can’t wait to see y’all in your WCF lanyards, brought to you by Kredit?! Who else is headed to the Lone Star State? What are you most looking forward to in Ft. Worth? Let us know in the comments ?

The latest round of regulations from California’s DFPI make one thing clear: regardless which side of the debt settlement ecosystem you are on, compliance isn't optional—it's a necessity Key implications of the new guidelines include: -Registration and reporting requirements -Transparency in services and costs -Ensuring fair treatment for all clients Read our full breakdown of the new guidelines here: https://lnkd.in/eKySSr6B Never miss a double-click with Kredit?. Our weekly newsletter covers topics like this, plus trends we’re tracking. Subscribe here: https://lnkd.in/ezKjbw7w

?? Don't miss it! ?? Kredit?'s Co-Founder & CEO Dave Hanrahan is joining Teresa Dodson on the stage at next month's IAPDA Certification's Debt Relief Forum to discuss something that is absolutely critical to debt settlement operations: compliance. Check the links below for more info on IAPDA, and if you're headed to Ft. Lauderdale next month, let us know!