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