Casetrackerlaw.com

  New Feature: Streamlined Remittance Process in CaseTrackerLaw At CaseTrackerLaw , we continuously enhance our platform to improve efficiency and simplify the debt collection process. Our latest feature provides greater transparency and accuracy when remitting payments to clients. Setting Up for Remittance Before remitting payments, ensure that the client's collection rate is set when submitting a claim. This rate determines how much is withheld from the client and can be configured under Manage Creditors . Steps to Remit Payments Once a payment has been received and posted as a Net Payment with a Remit Date , follow these steps to remit funds to your client: Navigate to the “Remits” link on the red dashboard. The Unconfirmed Remits section will display all pending remittances. Use the filters to locate the desired remits: All Remits Today’s Remits Past Due Remits Select a Specific Date Check the box next to the payments you wish to remit. New Feature: Creditor & Forward...

  Casetrackerlaw is versatile, transparent, and highly customizable. While many software systems limit users' control over settings, Casetrackerlaw empowers users to tailor their system according to specific needs—whether globally or per individual user. Each system comes with pre-configured “default settings,” which users can leave as is or modify to suit their firm's or company's unique requirements. Below are some of the key default functions that can be globally adjusted in Casetrackerlaw for in-house users: Default Notes Accessibility: Options include All, Internal Note, Attorney, or Self. Default Collection Method: Choose from Flat Rate, Sliding Scale, or Allocation-Based methods. Default “New Claim” Status: Set the default status for all new claims entered into the system. Default Claim Payment Allocation: Select how payments are allocated using options like IPC, PIC, CIP, ICP, or PCI. Casetrackerlaw provides global default s...

  A debt settlement is a financial strategy in which a debtor negotiates with a creditor to pay a reduced amount that is considered full payment for the outstanding debt. This process is often used by individuals or businesses facing significant financial challenges who cannot repay their debt in full. Here’s how debt settlement typically works: Negotiation : The debtor or a debt settlement company contacts the creditor to propose a settlement. The debtor offers to pay a lump sum less than the total amount owed. Agreement : If the creditor agrees to the settlement offer, they accept the reduced amount as full payment, and the debt is considered settled. Payment : The debtor pays the agreed-upon amount in one payment or over a short period. Impact on Credit : Debt settlement can negatively impact the debtor's credit score because it often involves paying less than the full amount owed and may require stopping payments to the creditor duri...