Apollo Launches Truescore, Enabling Consumers to View Credit Score Changes Based On Debt Settlements

Apollo Enterprise Solutions, Inc., a leading provider of advanced interactive solutions for complex financial transactions, has launched Release 2.2 of TRUEScore™, a key TRUE™ System component, the first ever total self-service account management system for banks and other financial enterprises.

With TRUEScore™, consumers will for the first time be able to preview their new credit score if they make a payment in settling their debt. Unlike the current waiting time of up to two months for results, TRUEScore™ uses real-time links to credit bureaus so that users’ credit scores can be increased immediately upon payment. This novel and unique technology is protected by Apollo’s U.S. Patent #7,848,978 titled “Enhanced transaction resolutions techniques.”

“At Apollo we continue to improve the TRUE™ system in order to enhance the users’ experience while maximizing the financial outcomes of our clients,” stated Joseph S. Konowiecki, Apollo’s Chairman and Chief Executive Officer. Konowiecki further stated, “TRUEScore™ delivers to banks and other financial institutions a novel and unique way to encourage customers to settle their financial obligations in a professional, non-confrontational manner. This in turn increases lift and reduces operating costs for the client resulting in significantly increased revenues and profits.”

Apollo Enterprise Solutions, Inc. has developed the patented TRUE™ system, the first ever total self-service account management system for banks and other financial enterprises. The TRUE™ system enhances the customer experience; increases revenues; reduces operating costs, account attrition rates, and roll rates; minimizes charge-offs; and increases collections and recoveries. Most importantly, the TRUE™ system enables consumers to obtain banking and other financial institutions services on a convenient self-serve basis, via their most preferred communication channels including web, mobile, IV Rand other modalities.