The Ledger
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Simons: Over 60% of SoloSuit customers have debt collection cases dismissed
“Around like 60%, even more of the time, Customers cases get dismissed, and they actually win their case just by filing an answer.”
Simons: 10M Americans are sued for debt annually; 9M lose by default
“Ten million people are sued for debt every year in the US. Nine million of them automatically lose their case because they can't figure out how to respond.”
Simons: SoloSuit is the first platform to automate nationwide court filings
“What we're doing is we are according to my knowledge, like the first and only company that is compiling like a software stack that allows us to calculate the Filing information for different courts and then to file on those courts.”
Simons: Half of debt defendants claim they are sued for unowned debt
“According to Consumer Financial Protection Bureau, about 50% of people that are sued for debt say they're being sued for debt they don't owe.”
Simons: The average SoloSuit user faces $4,700 in credit card debt
“Our average is actually 4700 dollars.”
Simons: SoloSuit has protected over $100 million from credit card debt losses
“At the moment, we've done over, we've helped over 22,000 people, and we've helped protect over a hundred million dollars from credit card debt losses.”
Simons: SoloSuit currently serves approximately 400 paying customers per month
“Like currently we help, like, 400 paying customers a month.”
Simons: Nearly 100% of SoloSuit customer acquisition comes from organic search
“Nearly a hundred percent of our customers come to us from SEO focus on ranking first on Google search and YouTube search.”