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TrueAccord Releases Portal for Borrowers/Banks to Negotiate Debt

TrueAccord Releases Portal for Borrowers/Banks to Negotiate Debt

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FintechNews RoundupUSA
··1 min read

TrueAccord offers software which enables banks to negotiate debt payments with distressed borrowers; they are now launching a direct to consumer portal called Engage; the idea behind the new offering is to let borrowers reach out to lenders to adjust terms of repayment; allowing borrowers to have flexibility inevitably allows lenders to collect more; TrueAccord works with many large US banks but most do not disclose their relationship; if a bank doesn’t already work with TrueAccord, they will send a request for relief to the bank which streamlines the process for borrowers; in the past TrueAccord was focused only on collections, but the new offering is responding to consumers needs amid COVID-19. American Banker

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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