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Debt Resolve Raises $20M.(Brief article)

Mortgage Servicing News

| February 01, 2007 | COPYRIGHT 2007 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

WHITE PLAINS, NY -- Debt Resolve, a firm that invests in and collects consumer debt, has secured a $20 million financing line through its wholly owned subsidiary, DRV Capital.

The company said it will use the credit line to purchase distressed debt. The credit line was provided by Sheridan Asset Management, also of White Plains.

Debt Resolve specializes in Internet-based collection technology as well as skip-tracing technology to track down debtors.

The company says that it will introduce an opportunity for debtors to settle and pay their accounts ...

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Source: HighBeam Research, Debt Resolve Raises $20M.(Brief article)

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