AGGREGATING DEBT TO INCREASE BARGAINING POWER

摘要

Systems and methods for aggregating debt to increase bargaining power are provided. An example system includes a web-based aggregating service that enlists subscribers or participants. The service compiles multiple individual debts owed to one creditor by numerous participating members into an aggregated debt with which to approach the creditor for negotiation of a discounted payment. The payment is attractive and relatively reduced from the standpoint of the debtors because it is discounted. Since the discount is applied to numerous debts that are to be resolved in a relatively short timeframe, the payment is attractive, paid quickly, and relatively increased from the standpoint of the creditor, compared with conventional individual collections, which are relatively expensive and have a poor success rate.