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Technical Aspects Behind SS-Equity’s Performance

By
SoftSettle Support

Problems can be resolved quickly and efficiently with machines guiding decisions based on the data provided by user or the company.

Decision making by machines is only likely to grow and also likely to increasingly challenge ODR systems. As algorithms shape more and more aspects of our lives, we will need to design systems that will help citizens to understand how they are being affected and how problems may be resolved. ODR systems will need to be put in place to address algorithm-related problems and prevent them from recurring in the future.

Artificial Intelligence and Law cannot go together so far as the Computers are simply executors of rules while legal field requires interpretation. Hence AI would be normally not acceptable for taking judicial decisions. Hence we have worked on combining AI with the basic elements of Scientific Mediation where negotiations could be facilitated

Artificial Intelligence based on the following, supports Dispute Resolutions in the Soft Settle Support System Platform.

Basic elements considered for the Resolution Procedure:
1. Separating the people from the problem;
2. Focusing upon interests rather than positions;
3. Knowing your BATNA. – Best Alternative to a Negotiated Agreement – The reason you negotiate with someone is to produce better results than would otherwise occur.

Soft Settle comes out with Sophisticated optimization algorithms to generate optimal solutions for complex problems.

Fairness Algorithms – Fair & Prompt Concessions rewarded.

Soft Settle’s algorithms actually reward the negotiators for their attitude in respect of their respective interests, generosity, cooperative inclination, thus resulting in quicker settlements. Rather practical comprehensive collaborative attitude is appreciated.

SoftSettle’s dynamic process is particularly suited for ‘early intervention’, middle level intervention with potential to save significant time and other resources.

Debt Resolution – Negotiating on Your Own

By SoftSettle Support

The simple idea behind debt settlement is to negotiate with your creditor to have debts paid in full but for less than what you owe in actuality. The professional way is do-it-yourself , by which one will be more beneficial to your right now and in the long run.
It may be difficult but if you are going to negotiate your own debt settlement, then you need to keep your emotions out of it. Naturally this happens for a debtor so far as his guilt of being defaulted debtor, one cannot take it as business deal but like an ordeal which he is supposed to confront with.
Soft Settle supports you and makes you feel to treat it like a business deal or pretend that it is not your debt, which ultimately lead one to sideline your emotions and manage the situation in a bold manner.
Soft Settle calls for a debts settlement with many great benefits as Soft Settle is a professional platform which assess your specific situation and facilitate you to pick the best option, be it debt settlement through e-Resolution, or any other of the many options which can be resolved directly, manually or virtually such as Debt Consolidation and Personal Bankruptcy.
When you are negotiating a debt settlement, it is quite natural that the creditors will attempt to get as much money out of you as possible. As such, you can seek the assistance or support of the Soft Settle deemed to be an expert negotiation platform facilitates you to negotiate with creditors on your own, rather safe to say that with the professional background of Soft Settle, you will get a better settlement offer and you will end up paying back less and your repayment plan can be amended in accordance with your convenience.
Consult with Soft Settle so that your debt relief is never far and your interaction with creditors would be worked out without any fear, inhibition or any such reservations.

Arrears Management Assisted by SOFT SETTLE

By SoftSettle Support

Creditors adopting a policy of holistic approach by finding customers’ problems to identify those in financial difficulty and as such they have to tailor debt recovery procedures accordingly. The creditors/lenders have to explore the best repayment option for individual borrowers. They have to look at the overall situation of the borrowers/debtors to identify those in financial difficulty. Further they have to distinguish customers in difficulty from others embracing deliberate default.
Creditors must use the due diligence in adopting the plans which shall be realistic and sustainable to make it convenient for the debtors to come out with options which can be worked out jointly by both of them, mainly taking into account the customer’s ability to pay back the borrowed amount.
In practice, SoftSettle provides guidance to both creditors and debtors to get reconciled where their interests are mostly considered along with their generous attitudes and collaborative tendencies. Prior to resolution procedure creditors and debtors are being facilitated to have interaction with each other where creditor can take debtor into confidence resulting into so many lenient attitude from the creditors.
Normally so far as the creditors rely on letters at the early stages of arrears management, as they are adopting holistic approach place greater emphasis on personal contact usually be telephone. A telephone call conveys a greater sense of urgency which may be projected as the pressurizing tactics, may reflect a greater level of insecurity on the part of the debtors and as such the creditor’s policy of building relationship with the customers would be become rather damaging. Hence the creditors who want to maintain a policy of building customer relationship would rather resort to SoftSettle Support through their web portal www.softsettle.com by filing a case against the debtor which on the other hand provide a friendly picture to the debtor who can negotiate with the creditor freely and in a relaxed manner. A mobile app under the title and banner of SoftSettle Support can be downloaded by the debtor either in the form of Android and IOS throughout the globe.
Where a creditor adopts a holistic approach the court is used as a last resort and is seen as an admission of failure. Moreover the courts are used very selectively. They recognize that it is pointless to take people to court if they have no money to pay and Soft Settle help the creditors use debt surveillance for customers not able to pay promptly and they can seek the assistance of the Soft Settle in come in terms with the creditors and resolve the issues.

CHOOSING THE JUDICIOUS WAY OF SETTLING DEBTS

By SoftSettle Support

Usually, we used to witness a scenario, where debtors may sometimes fail to serve regular obligation like installment repayment against the loan/debts he received from the creditor, become subject to experience tormenting harassment from their creditors or their authorized collection agencies, mentally go down and even they start thinking of doing something drastically which may be normally adverse to their personal as well as family life.
In India, it has become an usual phenomena or we better call debts have already started creating a phobia among all types of borrowers, whether they are farmers, businessmen, students etc. and in the end of the day (means with the pressurization or pesterrisation or with the adoption of harassment techniques from the part of the creditors like debt recovery in the form of attaching land, houses and what all dearest to the borrowers) they may decide to put an end to their life. Ironically these suicide trends have become one of the best marketing elements for print as well as visual media as their prime strategy.
It is well-established that the majority of the world’s economy is based upon a system of credit and, currently, there are a significant number of people and other types of entities (governmental and private) who are in debt or base their operations largely upon the availability of credit. A significant percentage of debts are in the form of unsecured debts, which are usually substantially more difficult to collect in comparison to secured debts. Generally speaking, the creditor is typically the more dominant party in the debtor/ creditor relationship and is oftentimes unwilling to go through a process of negotiating the settlement of a debt, especially where a debtor is difficult to track down. For a debtor, the experience of having a debt being collected from them is very stressful and oftentimes, is felt as a form of harassment. Therefore, it would be desirable to provide a negotiating or arbitrating platform that achieves a semblance of equality between the debtor and the creditor and provides flexibility, and yet some assurance, in the collection and repayment of debts. Additionally, it would be desirable that the platform be user-friendly and fully automated in order to relieve the debtor and creditor of a direct line of communication and having to expend significant resources and energy in achieving a settlement of the debt.
SoftSettle Support has devised a product SS-Equity (FDR), primarily facilitates the interaction between the debtor and creditor to come out with offers and counter offers which would ultimately soften their bitter relationship and further the product SS-Equity (FDR) is also capable of resolving issues related to debts in a more peaceful, collaborative and intelligent way using soft technologies leading to a society managed by Robotic Justice which is going to be the future justice.
SS-Equity(FDR) is treated to be a virtual neutral and it reconciles the interests of the parties and the collaborative attitude of the parties are also taken into consideration so as to come out with a decision which is used to be a win-win proposition.
Soft Settle’s features like early intervention, middle level intervention and final level intervention make it possible for disputants to take control and quickly reach a fair settlement out-of-court. Your time is valuable. If your case doesn’t interrupt your life and settles much sooner via Soft Settle, you can assess the extent of worthiness of the technology developed by SoftSettle Support.

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

By

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

SoftSettle Support

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

SoftSettle Support

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.

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 become a chronic failure in the credit score.

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.

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.

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 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.

 

 

 

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.