Paydit
Welcome to the future of Debt Collections
- A seamless plug an play module to your existing collections platform.
- Customer can access via web on any device.
- Reduce your collections cost
- Zero cost to deploy
- Secure cloud based
- We get paid when you get paid
- We provide an online platform for debt negotiation that makes the dialog between the creditor and consumer pleasant, efficient and convenient.
Paydit is an online platform for Collection Companies, Lenders, and Banks that automates the entire Debt Negotiations process, from mode of communications, payment plan arrangements, settlement negotiations, live customer engagement tracking, payment portals to reporting analytics.
Customize consumer journey
The number of installments, payment schedule, billing frequency,
payment options, and many other parameters - with Paydit, you can
adjust almost every aspect of debt settlement to fit your business
processes.
After the initial system set up, you'll have access to all the key
customization options, reporting, and statistics.
Provide flexible payment options
Paydit offers your consumer to choose from several debt resolution
options; how the debt will be paid based on your presets and consumer capabilities and preferences.
Sign agreements online
Signed documents may include Settlement Agreement, Regulation E
Disclosure, or any other required legal paperwork.
Track your progress
In the end, the system automatically creates an account summary page
for every consumer, allowing them to track the status of their payment
plan, and keeps consumers in the loop through reminders and
notifications until the debt is settled.
Access comprehensive statistics
Evaluate overall performance and debtor activities at a glance
with built-in reports, including payment option ratio, created
installments per day, unique debtor logins over
time, and more. For even more detailed insight,
we can add custom reports with the info of your
choosing.
ADVANTAGES
Customizable
A standalone white-label solution which offers flexible payment plans based on the parameters you set.
Cost-effective
You pay only a % from successfully collected debts, with no manual labor overheads.
Always available
The automated service is available 24/7, all year, guaranteeing your consumer a better communication, prompt support without human error, and constant access.
Compliant
The solution follows TCPA, FDCPA, EAPO, DSO, and other laws, and easily adjustable to all local regulations.
Secure
In addition to already integrated payment processors, you can add any payment provider that you trust, to guarantee secure payments to consumers.
Consumer-friendly
With no pressure from collectors, increased transparency and control, your consumers' experience will improve significantly.
Paydit offers your consumer to choose from several debt resolution options; how the debt will be paid based on your presets and consumer capabilities and preferences.
Pay in full
The consumer can negotiate to pay the debt in full immediately or in a set number of installments.
Negotiate to pay less
Alternatively, the consumer can try to negotiate to pay less. The system will offer payment plans to pay a percent from the amount they owe which can be accepted by the consumer or renegotiated again until the agreement is reached.
Flexible payments
The system can also be used on all stages of delinquency, allowing collectors to negotiate payment plans for a portion of the past-due amount or create their own flexible payment plans based on the consumer’s financial capabilities and schedule.
Fifth&Tech is an exclusive partner of PAYDIT in UAE, KSA, Egypt, India, and all other GCC Countries.
Digital solutions for your business problems