System and method for resolving transactions

A method of settling a debt owed by a user to a party to the debt, the method performed using a computing device and comprising:

• seeking, using the computing device, credit information from a source separate from the computing device and the user, and when information is available, receiving the available credit information at the computing device, wherein the credit information includes information about the user's current financial condition and the user's ability to pay the debt;
• parsing received available credit information including information about the user's current financial condition and the user's ability to pay the debt into a desired format;
• processing parsed received available credit information about the user's current financial condition and the user's ability to pay the debt at the computing device using a rules based engine comprising rules established on behalf of the party to the debt, wherein the rules based engine comprises rules that consider the user's ability to pay the debt;
• contacting the user via a communication inviting the user to seek to resolve the debt;
• and
• presenting a transaction settlement offer set to the user, the transaction settlement offer set comprising at least two individually selectable monetary offers to settle the debt, each individually selectable monetary offer to settle the debt including at least one decisioned monetary settlement term specifically determined for the user based on the rules established on behalf of the party to the debt, amount of the debt, and parsed received available credit information about the user's current financial condition and the user's ability to pay the debt, each individually selectable monetary offer selectable by the user to settle the debt by modifying existing terms of the financial obligation using terms from the individually selectable monetary offer selected by the user;
• wherein upon selection of one offer in the transaction settlement offer set by the user, the computing device obtains user payment information and processes at least a portion of the one offer selected by the user.

A method of settling a debt owed by a debtor to a creditor, the method performed using a computing device and comprising:

• seeking credit report information for the debtor from a source other than the debtor, the credit report information including information regarding the debtor's current financial condition and the debtor's ability to pay the debt, and when the credit report information is available, receiving the credit report information at the computing device;
• parsing received credit report information including information regarding the debtor's current financial condition and the debtor's ability to pay the debt into a desired format;
• processing parsed received credit report information about the debtor's current financial condition and the debtor's ability to pay the debt at the computing device using a rules based engine comprising rules established by the creditor;
• and
• determining and presenting a transaction settlement offer set to the debtor, the transaction offer settlement set comprising at least two individually selectable monetary offers to settle the debt, each individually selectable monetary offer to settle the debt including at least one decisioned monetary settlement term specifically determined for the user based on the rules established by the creditor, amount of the debt, and the-parsed received credit report information about the debtor's current financial condition and the debtor's ability to pay the debt, each individually selectable monetary offer selectable by the debtor to establish settlement of the debt by modifying existing terms of the debt using terms of the individually selectable monetary offer selected by the user;
• wherein upon selection of one offer in the transaction settlement offer set by the debtor, the computing device obtains user payment information and processes at least a portion of the one offer selected by the debtor.