A next-gen solution for debt negotiation
Paydit is an online platform for collection companies, lenders, and banks that automates the entire debt negotiation process, from payment plan negotiation to status tracking and reporting
How Paydit works
Paydit automates the entire debt settlement process, from negotiating debt terms to payment tracking and analytics.
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.
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.
Advantages
Paydit is an online platform for debt negotiation that makes the dialog between the creditor and consumer fast, efficient, and convenient. Negotiate and pay past-due accounts anytime, from anywhere. Leverage AI-driven and fully digital consumer communication, regulatory-compliant automated service, and real-time payment monitoring and analytics.
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, and other laws, and easily adjustable to all local regulations, ensuring auditable consumer interaction
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
Who We Are
Armada Labs is an expert fintech software developer with 20+ years of experience in the industry.
Our data-driven development model and consumer-first approach allow us to deliver bespoke solutions tailored to individual business needs.
Our portfolio includes AI-based cloud computing software for credit scoring and cutting-edge custom fintech software acclaimed by Experian, BFS Capital, Rivo Holdings, West Creek Financial, and other Fortune 500 companies.
Testimonials
“In due time, they delivered a full-scale automated solution that effectively covered all aspects of our debt negotiation and settlement.”
“Our concern was paying over time, instead of in full, would deter the consumers we were trying to collect on, and it was quite the opposite. We found the consumer is trying to pay off the debt asap. We thought the email opt-in would also deter, but that wasn’t the case either.”
“Armada Labs fine-tuned the debt collection processes in my company, using the latest technological innovations.”
Ready to talk?
Paydit gives you everything you need to negotiate and pay past-due accounts anytime, from anywhere.
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