Global Debt Registry Helps Banks "Scare Away" Zombie and Phantom Debt
Summary
The Account Extinguishment Report offers significant savings and risk reduction to creditors and their collection agencies by simplifying the response to consumer inquiries and disputes.Financial institutions are also able to reduce risk and costs by offering consumers and collection agencies an on demand self-service option to access account information.GDR unifies document silos and works with existing data architectures to help financial intuitions capture, manage and share this information with authorized users, vendors and consumers.The Account Extinguishment Report offers significant savings and risk reduction to creditors and their collection agencies by simplifying the response to consumer inquiries and disputes.GDR unifies document silos and works with existing data architectures to help financial intuitions capture, manage and share this information with authorized users, vendors and consumers.