Distributions

DC Partner prides itself on providing accurate and timely distributions. After all, the ability to accurately and speedily distribute funds from consumers to credit providers forms the cornerstone of the debt review cycle and the PDA is the most critical cog in this engine.

Distributions are strictly done according to the distribution plan provided by the debt counsellor. The only exceptions are in the following instances:

  • The debt counsellor changes the plan.
  • The consumer pays in more than his instalment. In this case, the extra funds will be divided on a pro rata basis to all of the credit providers that are still active on the plan, thus ensuring that each credit provider receives the benefit of this extra instalment.
  • The client makes a short payment. In this case, the available funds will be divided on a pro rata basis to all of the credit providers that are still active on the plan, thus ensuring that each credit provider receives a portion of the instalment.

DC Partner’s system is flexible enough to accommodate real-time changes to any plan and allows for instant implementation and distribution.

Further to this our system also allows for the debt counsellor to make changes to the calculated plan enabling him/her to change the plan as he or she sees fit. This is a critical function for the debt counsellor as no two debt review applications are similar and cannot simply be dealt with in the same way.

We enable the debt counsellor to have the final say in the process and ensure that his/her consumer gets the best solution.

DAILY DISTRIBUTIONS

DC Partner distributes on each and every file on a daily basis. This means that if there are funds on a client's file and the bank has cleared the money, DC Partner is able to distribute these funds within 24 hours. This quick turnaround is crucial to ensure minimal terminations on client files.

Once a distribution has been completed, a DC Partner client will receive an email with a detailed statement that clearly explains how every cent was distributed.

If a client does not have an email address, DC Partner will provide the client with an SMS breakdown of how the funds were allocated.

Our dedicated staff takes pride in our efficiency and they work diligently to ensure that no stone is left unturned when it comes to getting the money where it needs to go.

FEE PAYMENTS

DC Partner as a payment distribution agency is very flexible in terms of fee processing, with the ability to make payments daily, weekly, bi-weekly or monthly depending on client needs.

Payments can also be made directly to client attorneys, thus eliminating the need to forward payments later. Each payment is accompanied by a detailed statement and physical proof of payment.

You won’t find a simpler way than this.