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Company Launches Subprime Collections Tool

Mar 29, 2007By

Debt Resolve, Inc., a collections services company, said Wednesday that it has launched DR–Default, an online tool for collecting defaulted mortgage and automobile loans. According to the company, DR–Default was created in response to the rising default rate in subprime loans, and is easily integrated into clients’ collection systems. In addition, clients may authorize collection agents to use this product, or place their accounts with Debt Resolve’s wholly-owned collection agency, First Performance Corp. First Performance is a collection agency that, among other collection activities, collects defaulted mortgage and subprime debt.

3d rendering of a row of luxury townhouses along a street

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