Market Overview

Website Uses Social Media to Pressure Deadbeat Debtors to Pay

The Debtor List (http://www.thedebtorlist.com) provides a searchable, public database where users can submit a claim for debt owed to them. Once a claim is filed, social media tools are used to raise awareness of the debt among the user's social networks. The debtor is informed of the claim and when they realize their unpaid debts are public, searchable and circulating on the web, they are motivated to pay the debt(s).

Miami, FL (PRWEB) April 09, 2012

The Debtor List (http://www.thedebtorlist.com) is a free service that provides a searchable, public database where users can submit a claim for debt(s) owed to them. Once a claim has been filed, users use social media tools like Facebook, LinkedIn, Twitter and Google +1 to share the claim with their social network. The power of social media circulates the claim in the web and motivates the debtor(s) to pay.

The Debtor is informed of the claim via email and has a chance to dispute the claim. Otherwise the claim remains searchable on the website for 5 years.

Jonathan Broder, a small business owner, started The Debtor List because he was frustrated with clients that didn't pay their bills. Broder was even more frustrated by the fact that he really didn't have any good recourse against his non-paying clients, other than no longer servicing them.

"Most of my clients are also small businesses and the amounts at issue are generally small, less than $300, so it would cost too much to sue them and I don't have the volume of bad debt or large enough debts to justify working with a collections firm," said Broder.

Instead, Broder, an attorney and serial entrepreneur started The Debtor List website.

"Most clients who don't pay figure it's a nominal sum and that I'll eventually forget about it," said Broder, "but instead, I decided to take action!"

The Debtor List is free to use. The company does not participate in the collection of the debt, nor does it take a percentage of any monies the Claimant recovers. The company generates revenue selling advertising, leads, and premium services offered to the debtors.

Visit The Debtor List at http://www.thedebtorlist.com

For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/4/prweb9380639.htm

 

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