Morgan Drexen

Morgan Drexen CEO Walter Ledda Commits to Getting Consumers out of Debt

Credit reporting bureau Equifax reports this week that the average credit score in the U.S. rose to 696 in May, the highest score seen in a least four years. American’s are slowing digging their way out of consumer debt and making great progress in restoring their credit.

California-base legal support services company Morgan Drexen offers integrated software and paraprofessional support to a network of 42 law firm across the county. These firms offer consumers struggling with high levels of unsecured debt like credit card debt, with non-formal debt resolution services and bankruptcy protection.

Founded in 2006 by current Chief Executive Officer and chairman, Walter Ledda, Morgan Drexen has been a pioneer in the automation of debt resolution services.

In recent months, the 300+ employee company has launched an Automated Bankruptcy Module (ABM) which enables attorneys to effectively guide consumers through the bankruptcy system if such services are needed.

“It’s important for attorneys who represent consumes struggling with debt to have the ease and accessibility that the Automated Bankruptcy Module (ABM) allows in order for them to provide their legal services at affordable prices for consumers,” explains Ledda. “These attorneys continuously testify to the convenience that Morgan Drexen Integrated Legal Systems (MDIS) afford them.”

The Federal Reserve also reports this week that delinquencies on consumer loans have dropped by 30% in the last two years and consumers have reduced debt by more than $1 trillion to date.

Ledda reports the role Morgan Drexen has taken in the reduced consumer debt, “The attorneys supported by Morgan Drexen have reduced consumer debt by more than $266 million to date and graduated over 2100 attorney-clients from the program who are now living debt-free.”

Upon hearing that unsecured debt balances are down, Ledda says “It’s great to hear that the percentage of people with unsecured debt has decreased by 30% in the last few years and as credit quality across America improves so will the lives of families and their spending habits which will ultimately fuel our economy.”

“We are at a turning point in the financial crisis and Morgan Drexen is committed to helping consumers turn their personal finances around,” adds Ledda.