Collection Law Firm Achieves 77% Settlement Rate with Minimal Effort

How SoloSettle transformed the settlement process for a mid-size collection law firm

The Challenge

A mid-size regional collection law firm was seeking ways to:

Increase settlement rates without adding staff
Provide consumers with more flexible payment options
Reduce time spent on settlement negotiations
Capture settlements that might otherwise be missed

The SoloSettle Solution

In November 2024, the firm signed up for SoloSettle's consumer-initiated settlement platform with pre-qualified settlement offers for specific clients. Pre-qualified offers reduce negotiation time by anchoring consumers on settlement terms creditors accept.

Remarkable Results

77%

Average Settlement Rate

57%

Consumers accepted offers without negotiation

<30 min

Time spent completing 14 settlements

1 day

From agreement to full onboarding

SoloSettle transformed how we handle settlements. With minimal time investment, we've seen dramatic improvements in our settlement rates while providing consumers with payment options that work for their financial situations.

— Collection Manager, Regional Law Firm

Using Pre-Qualified Offers for Faster Settlement

SoloSettle enables your firm to set pre-qualified settlement parameters that work automatically:

Client	Settlement Terms	Payment Period	Minimum Payment
Client 1	Customized %	Up to 12 months	$100 minimum*
Client 2	Customized %	Up to 36 months	$100 minimum*
Client 3	Customized %	Up to 24-48 months	$100 minimum*
Client 4	Customized %	Up to 24 months	$100 minimum*
Client 5	Customized %	Up to 24 months	$100 minimum*

*Unless final payment

Ready to Increase Your Settlement Rates?

Contact SoloSettle today to discover how your firm can:

✓ Boost settlement rates without increasing workload
✓ Provide flexible payment options that consumers accept
✓ Automate the settlement process with customized parameters
✓ Focus your team's efforts on higher-value activities

Schedule Your Consultation