SoloSuit | Collectors

Who we are.

We are not a debt settlement company nor a law firm. But we are a tech platform that helps consumers settle their debts. SoloSettle users are all self-represented and are super willing to engage!

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Benefits to you.

Consumers come to you

Don't chase consumers. We make sure they come to you.

Settle in 14 days

That's right. Our consumers settle on average in under 14 days (not 6 months).

Payment fees on us

We cover the annoying costs so you don't have to.

How it works.

1. Offer

Consumer finds us and submits an offer to settle (which is why you're receiving an email from us).

Offer Image

2. Counteroffer

You can either reply with 'accept' or submit your own terms specifying total settlement amount, monthly payment (if it's a payment plan) and first payment date at least 7 days from today just like in this example!

Counteroffer Image

3. Payment details

Once either you or the consumer accepts, we will ask for payment details to send a check. Our vendor only accepts non-PO addresses.

Payment Details Image

4. Settlement agreement

When we receive the payment details, we'll send a follow-up asking for a pdf of the settlement agreement.

Settlement Agreement Image

And you're done!

Other FAQs

SoloSettle is a platform that helps consumers and collectors settle cases in a structured and efficient way. It is a product of SoloSuit.

SoloSettle is completely free to collectors.

We educate consumers about the importance of settling. They then submit an offer to settle via our platform, which we email to the collector. The collector can then choose to accept or counteroffer, which is presented to the consumer. Once negotiations complete, we reach out for payment details and settlement agreement. The consumer signs the document and begins payment.

We facilitate timely payments from the consumer to the collector. The consumer sets up automatic charges, and the amount is transferred to the collector immediately by FedEx mailed check. Our payment processor uses AI to retry the charge until it is successful. We do not remit payments to collectors via ACH (yet!).

SoloSettle is a product of SoloSuit, Inc. SoloSuit is not a debt settlement company nor is it a law firm. It is a software company. Consumers self-represent and make their own decisions when using SoloSuit products.

Your response must follow the particular format indicated in the email. This format is required for the software to be able to present your response appropriately to the customer. If you do not respond appropriately, you will receive an email indicating your response is unable to be transmitted.

After responding to an email from a customer via SoloSettle, you may receive an email that says something like this: "Unfortunately, your reply couldn't be understood. . . ." Usually, you'll receive this email because your response didn't conform with the required format. In other situations, you may have received this email because your counteroffer was outside the acceptable range. The acceptable range is between $0.99 and $810,000.

We would love your feedback in making sure SoloSettle is the best tool for you. Please email us at collectors@solosuit.com.
SoloSuit is not an attorney or a law firm. Nor is it a substitute for an attorney or law firm. We do not provide legal advice nor do we practice law. This site only contains legal information, not legal advice. SoloSuit is a self-help tool. This site does not create an attorney-client relationship. We provide no guarantee regarding case outcomes nor are we liable for any case outcomes. Use of its products are governed by its Terms of Service, Privacy Policy, and Legal Disclaimer.