TARRYTOWN, N.Y., Feb. 8, 2011 (GLOBE NEWSWIRE) -- Debt Resolve, Inc. (OTCBB:DRSV) (the "Company") announced that One2One Lending LLC, the leading internet provider of Private Lending tools, will use the DebtResolve system for its collection solution related to its clients' delinquent internet loans. The clients of One2One will load their delinquent loans into the system to provide a gateway for the borrower to get the loan current again or settled.
One2One provides tools to private lenders, typically loans between friends and family members, by providing the loan documentation and a resource center for education on loan terms and other matters. One2One participates in a rapidly growing market niche of alternative finance, where loans are made directly by consumers to other consumers, disintermediating the banking industry. Bank lending has been severely curtailed during the financial crisis that began in 2008 and still continues. Private Lending offers an alternative to people who need money for a variety of purposes, both business and personal.
David Rainey, Debt Resolve's President and CFO, stated, "Servicing delinquent and defaulted loans that are originated over the internet or are originated using internet tools is a natural market for us. We are getting a significant number of inquiries from internet lenders, internet payday lenders and non-internet payday lenders. Our solutions have performed very well for these types of lenders in the past. The significant upgrades made to the system in the last year make it much easier for these types of clients to use the system, as much of the implementation process has been automated. We will focus more on these markets going forward."
Al Lindenberg, One2One's President, stated, "We are very pleased to be able to offer our customers a more fully integrated private loan service. By accessing Debt Resolve's vast experience and patented debt resolution software, our customers can feel more comfortable with their decision to help a relative or a friend by providing them with a personal loan."
About Debt Resolve, Inc.
Debt Resolve provides lenders, debt buyers, collection agencies, collection law firms and hospitals with a patent-protected online bidding system for the resolution and settlement of consumer debt as well as a collections and skip tracing solution that is effective at every stage of collection and recovery. The company also provides web-based payment platforms for the financial and healthcare industries. The company is publicly held and trades on the OTC Bulletin Board under the symbol DRSV. Debt Resolve is headquartered in Tarrytown, New York. For more information, visit .
About One2One Lending LLC
The One2One Lending website helps protect the interest of all parties and to preserve their relationship by putting their understanding in writing.
With over 30 years of experience in the financial and banking industries, One2One Lending understands the importance of family and friends. When you need them the most, they are right there by your side.
One2One Lending is the leading provider of Private Lending tools such as:
- Promissory Note Agreements
- Sample Loan Forms
- Private Loan Agreements
- Simple Loan Contracts
Their website is .
Forward Looking Statements
Certain statements in this press release and elsewhere by management of the Company that are neither reported financial results nor other historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to actual results of the Company's operations. Debt Resolve undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Investors are advised to consult any further disclosures made on related subjects in the Company's reports filed with the SEC. For more information, visit .
CONTACT: Press Contact: David Rainey Debt Resolve, Inc. drainey@debtresolve.com (914) 949-5500 x238