Debt Consolidation Services
Debt consolidation loans are usually approved on the condition that the credit facilities paid off from the proceeds of the loan are actually closed.
D+H offers a unique service to support our customers' debt consolidation lending activities.
- Manage loan dispersals to creditors
- Create and send letters to all creditors requesting that identified accounts be closed
- Continue to follow up with creditors until it is confirmed that
have been closed
- Provide detailed reporting back to the financial institution on program results and portfolio status
By utilizing D+H’s unique debt consolidation service, lenders can reduce their own staff’s workload and ensure that their policies are being consistently followed. More importantly, our solutions reduce the risk of default resulting from the overuse of revolving credit after a consolidation loan has been approved.