Debt extinguishment ranking model

A computer-implemented method for debt-extinguishment, comprising;

• storing in at least one memory a plurality of sub-models including at least two of (i) litigation likelihood sub-model;
• (ii) litigation severity sub-model;
• (iii) customer-ability-to-pay sub-model;
• (iv) offer-acceptance sub-model;
• and (v) next nest offer sub-model;
• using at least one processor to receive from a debtor computer, through the Internet and an interface, at least one input containing information corresponding to a debt owed by a debtor to at least one creditor;
• using the at least one processor to calculate a settlement offer amount, based on (i) a predetermined formula corresponding to said plurality of sub-models and the (ii) input containing information corresponding to a debt owed by the debtor to at least one creditor;
• and
• using the at least one processor to communicate the settlement offer to the debtor computer and to at least one computer of the at least one creditor, the settlement offer amount being such that if accepted by the debtor and the at least one creditor, the debt will be extinguished.

Non-transitory computer-readable media for debt-extinguishment, comprising computer code which, when loaded into one or more processors causes said one or more processors to:

• store in at least one memory a plurality of sub-models including at least two of (i) litigation likelihood sub-model;
• (ii) litigation severity sub-model;
• (iii) customer-ability-to-pay sub-model;
• (iv) offer-acceptance sub-model;
• and (v) next nest offer sub-model;
• receive from a debtor computer, through the Internet and an interface, at least one input containing information corresponding to a debt owed by a debtor to at least one creditor;
• calculate a settlement offer amount, based on (i) a predetermined formula corresponding to said plurality of sub-models and the (ii) input containing information corresponding to a debt owed to at least one creditor;
• and
• communicate the settlement offer amount to the debtor computer and to at least one computer of the at least one creditor, the settlement offer amount being such that if accepted by the debtor and the at least one creditor, the debt will be extinguished.