Merit Financial Solutions

FAMILY OF COMPANIES





WHO IS MERIT?

Merit Financial Solutions is a technology-based financial services company located in Tulsa, Oklahoma, with a mission to help consumers who are experiencing financial distress.

Merit Financial Solutions is the parent company of four wholly owned subsidiaries:

  • Noble Financial Solutions – works with consumers to honorably resolve their delinquent debt.
  • Merit Consumer Services – provides debt mediation solutions to consumers and a set of financial, educational, and social services to help consumers get back on their feet, financially.
  • Merit Lending – provides loan re-structuring offerings and solutions to consumers who typically have sub-prime credit scores, but also have other quality attributes that make them more creditworthy.
  • Merit Investments – purchases debt portfolios and other assets that generate attractive levels of ROI.

Among their many business relationships, Noble and Merit Consumer Services have exclusive and long-term contracts with the Center for Consumer Recovery. CCR is a 501(c)(3) non-profit public charity that accepts donations of delinquent debts from hospitals and banks.

WHY FOUR COMPANIES?

Federal and state regulations govern the various businesses in different ways and often preclude each company from engaging in certain activities.

The four companies, working in strict compliance with data privacy laws, are better positioned to provide a wide range of services that genuinely improve the financial standing and stability of its customers.

DEBT SERVICING - Noble Financial Solutions

    Noble services portfolios of delinquent debt that are owned by third parties. Revenues are comprised of contingency fees based on portfolio characteristics and the percentage of funds collected.

DEBT MEDIATION – Merit Consumer Services

We help customers renegotiate their debts with other creditors. Our debt mediation and credit repair services improve credit scores. By improving credit scores, we help consumers have access to more credit and at a lower cost.

We also help customers find new jobs or better jobs. MCS matches the consumer with local public and private social service providers to overcome short term crisis needs. We make available financial literacy programs and money management tools.

DEBT RESTRUCTURING – Merit Lending

Merit Lending provides a highly specialized debt restructuring program. For selected consumers, Merit will acquire a loan from another creditor in order to restructure the obligation.

DEBT BUYING - Merit Investments

    Merit Investments purchases portfolios of delinquent consumer debts. After purchase, the customer accounts are placed with Noble for servicing.

What we offer

Proven experience in core businesses
and consumer engagement

Leadership

Our leaders are accomplished executives in businesses that focus on meeting customer needs in a manner that is professional and customized to each customer.


Revolutionary Debt Mediation Processes

Our proprietary debt mediation processes facilitate win-win solutions for customers and their creditors.



Customer Centric Focus

Our customers are attractive sources of future business... but only if we deliver on solutions that help them achieve financial recovery and stability.



Compliance and Ethical Behavior

Our interactions with consumers are based on the highest principles of ethical behavior and complete compliance with federal and state law.





Our Management Team

Team work builds trust and
trust builds growth

Tom Simonson
Thomas E. Simonson

Chairman and Chief Executive Officer
Merit Financial Solutions

Tom Simonson is the Chairman and Chief Executive Officer of Merit Financial Solutions, Inc. He provides the required entrepreneurial skills and insight to identify key business opportunities and then develops the implementation plan for our key growth strategies. Tom leads the Executive Committee.

Prior to joining Merit Financial Solutions, Tom was General Manager of the Technology, Consulting and Systems Integration Division at Unisys Corporation. Tom was responsible for the worldwide go-to-market plan, global sales organization, customer satisfaction and field operations. He had full P&L responsibility and $1.7B in top line revenue.

Prior to Tom’s position at Unisys, he was the EVP of Mainline Information Systems, a privately held IT solutions company. Before joining Mainline, Tom spent the first 21 years of his career at IBM, starting as a Marketing Representative in the Financial Services Industry and then progressing through their worldwide management development program. He held a wide variety of executive roles, including several global positions where he was responsible for diverse aspects of IBM’s business including Hardware, Software, Services and the Channel. During his last five years, Tom was a member of IBM’s Senior Leadership Team, a group comprised of their most senior executives on a global basis.

Tom received his Bachelor of Science degree in Business Administration from Drexel University.

Ryan McKnight
Ryan McKnight

Chief Financial Officer
Merit Financial Solutions

Ryan McKnight is Chief Financial Officer of Merit Financial Solutions, Inc., and is responsible for the administrative, financial and risk management operations of the company. He is responsible for the management of accounting, information technologies, investor relations, tax, and treasury departments. He oversees the finance operations of four subsidiary companies. Ryan is responsible for ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results. He is a member of the Executive Committee.

Ryan has a strong and diverse background with 20 years’ experience in accounting and auditing functions. He has served as controller for a variety of industrial segments, including manufacturing, distribution, and the energy sector. He started in public accounting, gaining invaluable experience with audit and internal control reviews. Ryan also owned his own firm providing finance, accounting and tax advisory services for small business owners.

Ryan is active in civic affairs and has served as Treasurer and Board Member for Camp Fire Green Country and has been a Volunteer Mentor for Thunderbird Youth Academy.

Ryan is a Certified Public Accountant and a graduate of Oklahoma State University with a Bachelor of Science in Business Administration.

Patrick Wells
Patrick Wells

Outside Counsel
Coffey Senger McDaniel

Patrick Wells is Outside Counsel and advises management on compliance, regulatory, and legal matters. Patrick graduated from Northeastern State University with a B.S. in Criminal Justice in 1998, and his law degree from Oklahoma City University School of Law in 2004. While attending law school, Patrick worked for an Oklahoma City law firm primarily focused on Consumer Protection Law, SEC Regulation, and Financial Law. After graduation, he gained extensive knowledge in the fields of Corporate Law, Consumer Protection, Corporate Governance and Licensure, Bankruptcy Law, Oil & Gas, and Property Law.

Patrick is admitted to practice in Oklahoma, the United States District Courts for the Northern, Eastern and Western Districts of Oklahoma and the United States District Courts for Bankruptcy for the Northern, Eastern and Western Districts of Oklahoma.

Prior to completing his undergraduate degree, Patrick was a member of the U.S. Army Military Police Corps, to which he received an honorable discharge from active duty in 1996. He continued to serve in the U.S. Army Reserves until 1998.

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Mailing Address

Merit Financial Solutions, Inc.
14002 E. 21st Street, Suite 400
Tulsa, OK 74134

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