November 2017 – SOFT SETTLE

CREDITORS NEED NOT BEAR THE BRUNT OF FINANCIAL CHALLENGES

Debt settlement is what happens when you reduce the amount of your unsecured debts through direct creditor negotiations.

At its core, debt settlement is the best option for a creditor to “lose the least” on accounts that default in payment.

Debt settlement means debts are not being paid in order to later reach an agreement to pay less than the balance owed.

Negotiating debts will often fail to deliver the needed results when you are not involved in the process to some degree. In other words, if you need to hire a professional to help you, be sure you are in the loop throughout the resolution of each account.

What is rarely discussed by people and companies selling debt settlement services is how long should a settlement program be allowed to go before you should eliminate the notion it will get you where you need to be. The answer to this is not short and will vary for each person considering debt settlement.

In our experience the longer your debt settlement programs takes, the more it becomes a gamble. If you need a few years to complete a settlement program, you will often find you should not even start down the settlement path and seriously consider bankruptcy instead.

Also consider, it is often the high fees charged by most professionals offering their assistance that leads to longer program lengths.

Creditors have the option of accepting less than the balance in satisfaction of the entire debt (settling), or to drop the account into the collection pipeline and see what they get on the other end. This pipeline consists of 3 options – assign, sue or sell. But rather the creditors can seek the assistance of SoftSettle Support to resolve the issues without bent on spending unwarranted expenses.

SoftSettle Support facilitates the parties to negotiate at any intervals as per the parties’ choice. But three levels of interventions are being suggested and if the creditor finds debtor defaults at the early stage in committing the obligation like effecting EMI, creditor can file a case against debtor and seek the assistance of SoftSettle Support as the early intervention. The second level of intervention takes place when the debtor defaults during the middle of the repayment period and that is middle level intervention. And finally SoftSettle Support can interfere when the debtor either defaults the entire payment or some of the final payments in the form of EMI to settle the debts. Hence the alerts are regular the debtor will be in no way skip the payment that he owes to the creditor. SoftSettle Support is at the disposal of the creditor as well as the debtor. This would help the debtor to get rescued from the debt trap tends to become a chronic failure in the credit score.

YOU WILL HAVE NO FINANCIAL TROUBLES ANY MORE AND THAT TOO AT FREE OF COST

SoftSettle Support

Free Software platform provided by SoftSettle Support is definitely a blessing for those who have been undergoing the trauma of the debts which may even take them to resort to most self-criminalizing acts like committing suicide or some other drastic steps which may adversely affect their personal as well as family life.

Fortunately, the integration of element of Artificial Intelligence aided by service technology facilitating the alleviation of Case Management Procedure in the interactive portal www.softsettle.com, is bent on creating new pattern of debt resolution process, where payment plan can be rescheduled and budget plans little bit altered to an extent where debtor as well as creditor would be at ease in settling the financial issues.

SoftSettle Support is a web-based application and it has integrated the software SS-Equity (FDR) in which fast and fair criteria (FFC) has been incorporated, could provide an efficient and result oriented resolution procedure. SoftSettle Support provides a web-based and mobile-accessible platform that offers 24/7 assistance to debtors and creditors to facilitate the debt-resolution process. Debtors and creditors may digitally interact, negotiate payment arrangements and create settlement agreements for offending debts, starting from all types of debts including credit card debt, in a seamless and secure virtual environment. Further the service technology developed by SoftSettle Support enables and expedites virtual communications so as to reach result oriented resolutions leading to win-win propositions between or among the parties.

The space is being provided for 24/7 by SoftSettle Support through internet or mobile phone application at the convenience of the parties so that they can interact or participate in the resolution process synchronous or asynchronous. SoftSettle Support allows you to conveniently negotiate with your creditors/claimants in a secure virtual environment.

SoftSettle Support channelizing the services through the product SS-Equity (FDR) enable financial dispute resolution process facilitating the easy access to justice through web portals and mobile applications, without any snags. The parties can have a full control over the process and they are left with the freedom to make offers, counter offers, accept, reject or appeal in respect of settlement.

The web-portal along with mobile application provides awareness and promotions through the resource tools could make the people or consumers assimilate the procedure in respect of case management and make use of the software SS-Equity (FDR) ultimately keeps their life relieved off all torturing debts.

SoftSettle Support provides you all the tools you need to reach the best financial dispute resolution. You may be lucky enough to get relieved off the financial crisis without paying any fees as you are supposed to make it while dealing with your creditors/claimants or financial institutions. Hence you can gain as much as you can at free of cost.

THE FASTEST WAY TO GET OUT OF DEBTS

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Absolutely, it won’t be easy.

If you are facing a mountain of debts say the mountain like Uhood in Mecca, Saudi Arabia, it is time to buckle down and get serious about getting it cleared even if it seem like an impossible task. But there is just no way around it.

Debt repayment is painful. By the time you are paying off a loan, you might have utilized that money – might have reaped rewards or might have gone into deep trouble. If you could not make the return out of the borrowed money, you may feel that the payment you make is twice as painful and getting nothing out of it.

No wonder we are so hesitant to pay our debts. Every month we are reminded that we owe money and every month we grit our teeth and push that debt to the back of our minds until the next month when the cycle occurs all over again.

The peace of mind would alone be worth it. Without that monthly nagging in the back of your mind, you would be able to sleep easier at night. Every unloaded debt is one less bill to worry about. The Creditor gets agonized and he use every available tool to snatch the money from you at any cost. This would make you mad. Probably you may get inspired to be offensive against them. But they could not be desisted till you offer something constructively in record.

But most of all, it’s the greater financial freedom that most of us want. Think of all the dreams you had to put on hold because of the money you owe. If you didn’t have debt dragging you down, what would you be spending that money on? Which dreams would you finally be able to pursue? At this point, it’s not just about reducing stress or increasing financial security. It’s about being able to live your life to the fullest every day.

Reduce the debt; to go till debts gets cleared

It is lot easier that done, of course. Every reduction in debt balance has to be paid by someone. You can see why creditors are not exactly enthusiastic about renegotiating debt amounts.

But it is possible.

Down here, it is appropriate to talk about reducing the minimum monthly payment. May be it is a good idea if you are struggling to meet your minimum monthly payment as it stands. But the irony is that by reducing the minimum monthly payment you are likely going to owe more money in the long run. Instead we have to find out some viable alternatives.

The first thing you should do is to sign up freely in www.softsettle.com if you find web portal acceptable or sign up freely in the mob.app under the name and tittle of SoftSettle Support. You may be facilitated to contact your creditor/lender and offer them your intentions to make the payment properly or settle the entire payment with some conditions and you will be duly in receipt of the counter offer from the creditor/lender with a desisting letter ceasing all harassment from the part of their collection/recovery agents. The creditor will help you explore the options and let you renegotiate and improve the terms of loans. Again, lenders aren’t too excited about directly reducing the debt balance, but they’re usually open to waiving fees and charges that you may have accumulated. Explain your situation, convince them that you’re serious about paying off what you owe, and see if they’re open to reducing your interest rate and/or principal balance. With all these counter offers, the creditor is ready to participate in the e-resolution process endorsed by www.softsettle.com which you need not pay any fees and you are entitled to participate freely in the resolution process, where the negotiating parties can reach a settlement with the EMI reshuffled and repayment plan rescheduled. The matter of reshuffling and rescheduling to a great extent depends upon your dealing of fund availability. An Agreement gets automatically generated to this effect and both parties can sign it offline or digitally so that a new agreement will come into effect.

You are in full control of the process and once the result of the resolution comes in your favor, you are free from the clutches of debt and your opportunity to clear off the debts without further apprehensions and more excited about settling the debts as per the agreement .

Hence the SoftSettle Support or www.softsettle.com would be the future hope of everybody who wants to settle the debts as fast as possible.

CREDITORS BEWARE! NEVER GAMBLE WITH TIME OF SETTLEMENT

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If you need a few years to complete a settlement program, you will often find you should not even start down the settlement path and even lead the debtors seriously to a stage of bankruptcy instead.

Creditors, may be you are having different intentions, say interests from the part of the debtors gets accrued, declining repayment spirits of the debtor which ultimately lead the Creditors to more offensive or debtors falling in the debt trap may be willing to transfer his prime properties to creditors could be major agendas behind such intentions of the creditors.

Hence the ultimate thing you can do is take the debtors to court and make a claim. Prior to taking the debtors to the court, the creditors must send the debtors a warning letter. The warning letter should disclose that unless the debtor pays back what they owe, creditors will start legal action with a certain amount of time. The letter can either be a default notice or letter before action. It is the beginning of the delay of the settlement or it may be a denial of justice.

The natural justice is that both creditor and debtor have a duty to try and sort out the case without going to court. As everybody knows, the debtor would make every effort to reach an agreement with his creditor to pay back what he owe sooner he gets a claim letter or letter of action.

It is at this instant, a creditor or a debtor can seek the assistance of SoftSettle Support. Soft Settle is a web-based application capable of resolving civil as well as corporate disputes most cost effectively at the soonest possible. Soft Settle has made its presence in the web-portal under the URL www.softsettle.com and in the Google Play Store as mobile app under the title of SoftSettle Support.

Creditor on the other hand can support the debtor and earn a reputation among the public in doing business earnestly so that their business can be flourished not at the cost of the debtors but giving the debtor a helping hand to rebuild their financial structure.

The conscience of the creditors would be at stake in case they prolong the debt settlement and thus dragging the debtor to a debt pit. But when they interact with the debtors regularly (not harassing) to explore the options to be worked out to settle the debt during the course of the repayments will do wonders for both disputing parties. Soft Settle is the ideal tool that can support the parties to reach settlement fairly and efficiently.

Free Debt Relief For Debtors

SoftSettle Support

Free Software platform provided by SoftSettle Support for Debtors is definitely a blessing for those who have been undergoing the trauma of the debts which may even take them to resort to most self-criminalizing acts like committing suicide or some other drastic steps which may adversely affect their personal as well as family life.

Fortunately, the integration of element of Artificial Intelligence aided by service technology facilitating the improvement of Case Management Procedure in the interactive portal www.softsettle.com, is bent on creating new pattern of debt resolution process, where payment plan can be rescheduled and budget plans reshuffled to an extent where debtor as well as creditor would be at ease in settling their financial issues.

Further the service technology developed by SoftSettle Support enables and expedites virtual communications so as to reach result oriented resolutions leading to win-win propositions between or among the parties.

Efficiency of Software Stimulated Dispute Resolution

SoftSettle Support

Everybody used to say there must be something which can execute adequate justice without waiting in the corridors of the Court Complex, complexities of the trial and other procedure, and even the tension

Legal community is going to be encountered with certain challenges as a result of many functions traditionally performed by lawyers will be soon replaced by software systems. The integration of technology into the practice of law has been advantageous for the clients so far the basic legal activities to the effect of dispute resolution would be carried out with ease, flexibility, cost reduction , fast, fair and efficient.

The logic behind supporting the automation of online dispute resolution cannot be decried as the process can make the functionalities more simple and easy so as to facilitate the accessibility to the justice. Faster and efficient process guarantees the transparency too. These potentials are being reflected in the Case Management segment integrated in the interactive portal www.softsettle.com

SoftSettle Support, proponents of software stimulated Dispute Resolution, targets resolving some of the major conflicting areas in the civil and corporate segments. In the first phase SoftSettle Support has come with some revolutionized applications to the effect of resolving Financial Disputes, E-Commerce Disputes and Insurance Claims Conflicts.

SoftSettle Support has evolved research methods to create technologies,that are needed for realizing the promise of effective software support for resolving complex disputes coming under certain categorized areas. SoftSettle Support avoids human intervention to an extent to conduct the dispute resolution procedure and activities on their own. At the same time other significant issue taken into consideration while designing these devices is about the role of human dispute resolution agent or expert neutral in the online resolution system and the job better to be left over to automated (software) solutions. The execution of the justice has entered a revolutionized phase.

The access to justice has become very easy, fast, fair and efficient with the introduction of Artificial intelligence in the area of dispute resolution and www.softsettle.com has been organized with more stability and consistency so as to counter certain challenges likely to be posed by the conflicting situations in different areas.

Need for Automated Online Dispute Resolution

SoftSettle Support

Disputes are virtual certainty in any society. A great percentage of these disputes revolve around money- how much is owed to whom. A vast legal system has been built around resolving monetary disputes, whether it involves a dispute over money owed or a cause of action for damages arising from a commercial or physical injury to a party. Even in the litigious society, most disputes do settle without resort to the courts.

Many disputes settle late in the game, often on the courthouse steps and usually only in an effort to avoid an uncertain outcome in litigation. Of course, by that time, all litigants have spent a significant amount of money in prosecuting or defending the lawsuit. While the courthouse settlement is a meaningful and preferable alternative to a trial, such settlement would be less costly and probably more fair if it had occurred much earlier in the process.

One of the settlement dynamics that impedes the early resolution of many disputes is that the parties find it very difficult to move very far or very fast in their negotiations. Impediments to prompt settlement include posturing, a fear of appearing weak or uncertain, an unrealistic vision or understanding of the other side’s position, or fear of vulnerability. In most cases, the negotiation starts at extreme positions and passes through a number of incremental, snail-like movement before a final settlement number is reached. Removing these impediments can help the parties achieve agreement much more quickly.

Mediators can play a vital role in advancing settlement. The mediator can frequently speed the process by finding out from each party, on a confidential basis, what are that party’s “trigger points’—what does that party expect to get out of the dispute. In addition, the mediator can learn, or at least discern, a party’s “bottom line”. During this information gathering, the mediator may discover that the “bottom lines” are not that far apart. If the parties are far apart at first, skillful wrangling by the mediator can frequently bring the parties within reach of each other. At that point, the parties are much closer together than they would have been had they set out on the traditional negotiation path.

One significant benefit of the mediator is that each party’s conversations and disclosures are maintained in confidence until agreement is close at hand. All of the fears normally associated with face-to-face negotiations dissolve. There is no need for a party to avoid making a big move towards the middle, which carries the risk in personal negotiations of appearing uninformed, weak or desperate. Neither party holds back information or bargaining proposals because the filter of the mediator is always there. Moreover either party can retrench and retract a previous settlement position while preserving the settlement opportunity.

While a mediator is a very valuable asset, not every party to a dispute wants to use a mediator. Most disputes are settled through person-to-person discussions, and most frequently through attorneys. Face-to-face settlement conferences can require significant commitment of time and monetary resources by the parties and their attorneys. Negotiations through mail, or even e-mail, can be slow and ripe for posturing. Both approaches eliminate the safe harbor of confidentiality that allows the participants to freely examine, offer and counteroffer without fear of reprisal or without risk of killing the negotiations.

In recent years, internet based systems have arisen that guide parties through a settlement process. In many of these online settlement systems, each party is entitled to make a limited number of offers/counter offers, usually three, in alternating fashion. The offers or bids are kept secret. If the two offers are within a predetermined range, as calculated by the online system, then many systems “split the difference” and to inform the parties of their settlement amount.

A detriment of these prior systems is that they force the settlement amount to be at the midpoint between offers. This approach limits the flexibility of the settlement system and obligates the participants to “settle the blind” at an unknown amount. Moreover, these prior systems only offer one approach to settlement, again limiting the flexibility of the system to meet differing expectations of the participants. There remains a need for an automated dispute settlement system that retains the security of confidentiality while providing flexible approaches to meet the desires of the participants.

What is desired, therefore, is a system for performing dispute resolution that enables parties to present their issues to a customized decision maker and receive a determination in a short amount of time at a reasonable price. providing such a dispute resolution system that operates over the Internet with Internet with the interaction from Internet users is also desired.