RDR: BALANCE TRANSFER
SAFE BALANCE TRANSFERS: RDR has partnered with the American Debt Relief Challenge Balance Transfer Program
As an additional service offered to Credit Unions participating in the ADR program, RDR offers a quick, reliable, and verifiable risk assessment report available at a very modest cost. This cost-effective underwriting report offers Credit Unions a precise risk assessment report to make a well-informed decision to accept a full or partial balance transfer or to decline the application.
Short Video Clip Describing our Underwriting Service for ADR
Click here for ADR Balance Transfer Client Verification Form [pdf]
What is the ADR Challenge?
The ADR Challenge is a balance transfer program that provides marketing tools to Credit Unions to effectively convey to members or potential members the savings potential of transferring their high interest mega bank credit card balances to not-for-profit Credit Unions. ADR measures the savings on their interactive map and ticker as it counts to a goal of saving consumers $300 million.
How does Responsible Debt Relief fit in this program?
The Responsible Debt Relief (RDR) system features innovative algorithmic software that precisely calculates consumer debt capacity and debt repayment capability based on numerous and specific variables.
Responsible Debt Relief (RDR) has partnered with the American Debt Relief Challenge by providing a state-of-the-art underwriting assessment to participating Credit Unions at a modest fee. With well-trained counselors using this powerful software, RDR produces and sends an easy-to-interpret risk assessment report to participating Credit Unions through a secure, CU-specific webpage. This customized report enhances the ability of Credit Union staff to make more prudent decisions on whether to approve a full or partial balance transfer, or to decline the application.
As soaring household debt drives current prospective CU members to seek lower interest rates, the RDR system provides Credit Unions with a cost effective method for more accurately analyzing the risk associated with increased credit card portfolios as well as an innovative program for increased membership.
For a complete description of the ADR Balance Transfer service or to schedule a webinar, contact our office at 585-563-7675 or info@responsibledebtrelief.org. We are also able to schedule webinars to describe, explain and answers questions regarding this revolutionary program.