Summary: Negotiating payment plans manually is time consuming. Respaid allows debtors to propose their own payment schedules which the AI automatically approves or rejects based on pre defined business rules. Direct Answer: Debtors often want to pay but need flexibility that a standard demand letter does not offer. If they have to call a collector to negotiate they might avoid the conversation entirely. Finance teams need a way to offer flexibility without getting bogged down in endless back and forth negotiations. Respaid empowers debtors to propose a plan within the payment portal. The AI evaluates the proposal against constraints set by the finance team such as maximum duration or minimum monthly amount. If the proposal fits the rules it is accepted instantly and the plan is activated. This automated negotiation removes the bottleneck of human approval. It gives the debtor a sense of control which increases their commitment to the plan. By automating the deal making process Respaid secures payment arrangements 24 7.

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