Systems and Methods for Integrating Debt Collection and Debtor Aid Services
First Claim
1. A method for integrating debt collection and debtor aid services comprising:
- receiving placement of a debt from a creditor at a collection agency;
sending a collection letter to a debtor owing the debt, the collection letter including an attachment, insert, or other information directing the debtor to a website offering one or more debtor aid services; and
receiving a commission at the collection agency from a provider of the website when the debtor makes a purchase through the website.
1 Assignment
0 Petitions
Accused Products
Abstract
Improvements to debt collection services and debtor aid services are described. Embodiments of the present invention improve on current processes by integrating debtor aid services with the debt collection process. A debt collection letter process is augmented by including an insert, attachment, or other correspondence directing the debtor to a special website to assist them with their finances. If the debtor purchases one or more debt assistance products from the website, the collection agency is provided with a commission, thereby improving the collection agency'"'"'s profits. As the debtor learns to better manage his or her finances, the debtor benefits from increased financial freedom and increased ability to pay outstanding debts, which returns to benefit the collection agency'"'"'s efforts and the creditor'"'"'s recovery.
-
Citations
20 Claims
-
1. A method for integrating debt collection and debtor aid services comprising:
-
receiving placement of a debt from a creditor at a collection agency; sending a collection letter to a debtor owing the debt, the collection letter including an attachment, insert, or other information directing the debtor to a website offering one or more debtor aid services; and receiving a commission at the collection agency from a provider of the website when the debtor makes a purchase through the website. - View Dependent Claims (2, 3, 4, 5, 6, 10, 11)
-
- 7. A method as recited in claim 7, further comprising initiating a marketing contact with the debtor presenting information regarding and an opportunity to purchase a service or product offered by the website provider.
-
12. A method for utilizing information of a collection agency to market debtor aid services to debtors comprising:
-
receiving, at a collection agency, information regarding a debt owed by a debtor to a creditor; generating a communication to the debtor requesting payment of the debt, wherein the communication to the debtor includes one of; an attachment directing the debtor to a website offering one or more debtor aid services or products; an insert directing the debtor to a website offering one or more debtor aid services or products; and other information directing the debtor to a website offering one or more debtor aid services or products; and receiving, at the collection agency, a commission from a provider of the website when the debtor makes a purchase from the provider of the website. - View Dependent Claims (13, 14, 15, 16, 17)
-
-
18. A method for utilizing information of a collection agency to integrate delivery of debtor aid services to debtors with the collection of outstanding debts comprising:
-
receiving, at a collection agency and from creditors, information regarding debts owed by debtors to the creditor and subject to collection; generating a plurality of letters to the debtors requesting payment of the debt, wherein the letters to the debtors includes one of; an attachment directing the debtors to a website offering one or more debtor aid services or products; an insert directing the debtors to a website offering one or more debtor aid services or products; and other information directing the debtors to a website offering one or more debtor aid services or products; and receiving, at the collection agency, a commission from a provider of the website when each debtor makes a purchase from the provider of the website. - View Dependent Claims (19, 20)
-
Specification