Resolution Offers
These are the 2 components needed to negotiate with creditors to obtain a Resolution Offer.
What are : Time & Funds
Time: DQ days
Funds: Enough on time deposits
I must be printed, signed, and emailed to dsc@upstart.com from email associated with their Upstart account
What is Upstart ATC
On average this is the time frame our client's will receive their first Resolution Offer
What is around 3-6 months / 90-180 days
I am covered by your (bi-weekly/semi-monthly/monthly) deposits
(4 Components)
What are,
Resolution Offer payments
Settlement Fees
BLP Fee
CFT Fees
This is the extension that General-CSD must transfer Conditional Resolution Offers to.
What is High Priority (99).
I am a statement used to identify Conditional Debt. (hint 4 components are needed for me )
What is,
- Creditors Name
- Client's Full Name
- Account number
- Current Balance w/in the last 30 days
This is the balance we will negotiate on to obtain Resolution Offers on.
What is current creditor balance
If you miss a deposit I may be at risk of breaking
What is a Resolution Offer.
True or False : Is Philips and Cohen a law office?
What is : False
This is the Resolution Offer that must be signed within this "bougie" creditor's portal.
What is Prosper Portal
Some creditors issue these forms to report that a debt of $600 or more was canceled or forgiven.
What is 1099-C
These are the short term changes available to clients who have had one-off situations
What is Reduce / Defer
These are typically utilized to finalize Resolution Offers on legal tradelines. They will receive this letter along with return instructions for their legal account.
What is signed Stipulation Agreement.
This is the max amount of time a client has to reinstate their program before going back to enrollment.
What is 179 Days. (7 1/2 MONTHS)
This can only be added at the time of enrollment for assistance on legal tradelines.
What is BLP
There the different types of deposit frequencies available to our clients
What is Monthly, Bi-weekly, Semi- Monthly
While negotiating, creditors/collections agencies may advise that our clients have other outstanding debt that needs to be resolved.
What are Unenrolled Resolution Offers
This is the case that should be created when a client states, they have been served.
What is legal intake
I ensure that clients do not pay in excess of 100% of their TL balances by EOP .
What is No Worse Off Policy
This is the minimum amount of time needed to schedule a deposit after a bank account change
What is 3 full business days