General Info:
Operational since 1997, Debt Resolve provides a range of technology solutions for the asset receivables management industry. It develops and markets various Web-based collection software solutions for commercial and industrial applications. The company provides the DebtResolve software system, which is an online collection tool that features a bidding system to maximize debt settlement process for the collections industry. The DebtResolve software system is licensed to banks, credit card providers and third-party collection agencies, as well as assignees and buyers of charged-off consumer debts. The software additionally allows clients to resolve, negotiate, settle and pay their debts online. The company maintains a division, First Performance Recovery Corporation, which is a full-service receivables management company that specializes in the collection of a variety of debts, including bank card, retail, installment loan and bad checks. Debt Resolve offers sale, marketing, technical support, training, and research and development services. It has partnerships with The Resolution Group, Fair Isaac Corporation, First Data Corporation and Automated Collections Control. Additionally, the company collects and purchases debts through its wholly owned subsidiary, DRV Capital. Debt Resolve has a staff of more than 110 employees, as well as operates a single-purpose subsidiary, EAR Capital I.