James Burchetta is the Founder of Debt Resolve, as well as one of the founders of Cybersettle, the only internet bidding system used to resolve settlements between insurers and plaintiffs. He holds the business-model patent for the double-blind bidding process licensed to both Debt Resolve and Cybersettle.
Kenneth H. Montgomery
Chief Executive Officer
Kenneth H. Montgomery has over 25 years in the financial services industry. From March 2003 to March 2006, he held the position of President and Chief Executive Officer of Pentegra Retirement Services, where he managed assets totaling over $4B and successfully transformed the culture to accelerate growth. From April 2001 to January 2003, Mr. Montgomery was Head of Sales and Business Development at CIGNA Retirement Services. Additional experience includes executive positions with IBM, Chemical Bank (now J.P. Morgan Chase), Putnam and Prudential.
David Rainey
President & Chief Financial Officer
David Rainey has over 19 years of experience in public company accounting and finance, corporate governance, Sarbanes-Oxley issues, and mergers and acquisitions. He served as the Chief Financial Officer and Treasurer of Hudson Scenic Studio, where he was responsible for finance and accounting. Previously, he was Chief Financial Officer and Vice President of Finance at Star Gas Propane, L.P., a business unit of Star Gas Partners, L.P.
Sandra Styer
Senior Vice President and Director, Client Services
Sandra Styer has over 20 years of related marketing experience across a wide range of industries, including the development of Travelocity at American Airlines.
Tony Sakovsky
Vice President, Information Technology
Tony Sakovsky joined Debt Resolve in January 2007 as the Director of Technical Operations. Prior to joining Debt Resolve, Tony worked with IBM for six years, initially helping to build their Universal Server Farm, IBM's commercial web hosting offering, and managing IBM's web operations for companies such as United Health Group, Sony and Starwood Hotels. He was co-owner and Chief Technology Officer of The National Internet Source, Inc., one of the first successful ISP's in northern New Jersey, and he has held key management positions with companies such and RAD Data Communications, Datalogix and Chromatic Paint Corporation.
John Grimm
Vice President, Sales & Business Development
John Grimm handles Business Development for the company. John spent fifteen years with PaineWebber, Inc., including a position as Global Funding Desk Manager, Treasury Group, and worked as a trader for A.G. Becker Paribas, Inc.
A company offering you patented technology to resolve consumer debt quickly, privately and with dignity, online.
Debt Resolve, Inc. is both a technology services company and a leader and innovator in the asset receivables management industry. We develop and market our patent-based web collection technology under the brand name DebtResolve®, and also own and manage other companies in the asset receivables management business.
Our divisions include:
Debt Resolve, Inc.
First Performance Corporation
Our flagship product is our DebtResolve® software system – an online collections tool, delivered in an ASP environment and private-labeled for use across multiple segments of the collections industry. It allows any stage of debtor to self-cure online and features our patented online bidding system that maximizes the settlement process. It is licensed to banks and other credit originators, credit card issuers and third-party collection agencies, as well as assignees and buyers of charged-off consumer debt.
DebtResolve incorporates certain of the same patented bidding technology used by Cybersettle and has an exclusive license to use the systems and methods covered by the associated patents (U.S. Patent Nos. 6,330,551, 6,850,918, 6,954,741, and 7,249,114 and foreign patents) for the collection of consumer debt in the US and internationally.
Debt Resolve, Inc.
Who Uses DebtResolve
Credit issuers, collection agencies, debt buyers, telecoms, medical student loan, government agencies, and utilities - you all share the problem of efficiently and effectively collecting overdue debt. DebtResolve is flexible and easy to use, both for you and your customers.
Tracking down and negotiating with delinquent debtors costs time and money, and mistakes by live collection agents can leave you vulnerable to litigation. DebtResolve's patented, market-tested tools help to effectively collect your delinquent accounts.
Realize bottom-line savings
Use the internet to reduce labor and overhead
Reduce legal risks, and be FDCPA compliant at all times since your legal team reviews all langauge presented to debtors
Shorten collection cycles
Provide an alternative for debtors
Introduce a new channel to customers who have not responded to other efforts, at any hour of the day night
Give debtors a sense of privacy and control
Speak to debtors in their preferred language
Gain flexibility and control
Track performance of your collections online, in real time
View and assess a variety of reports
Make changes in your treatment models instantly from your desktop
Use online results to fine-tune your collection strategies and models
AND, get higher recoveries
DebtResolve settlements currently run 18% higher than creditors' floors - though of course results will vary with each portfolio and account
Modules
DebtResolve has designed a series of modules so you can find a perfect fit for your business - including secure email communications, administrative control from your desktop, and debt collection methods that suit your unique needs.
DRPrevent™
For early-stage collections, DebtResolve can help you collect late payments, make payment arrangements and manage account cures, all online, without involving a live collector.
DRSettle™
On late-stage and charged-off accounts, DR Settle incorporates a patented bidding model. This dispute resolution engine allows your customers to make offers, and matches these bids to your settlement guidelines - leading to immediate settlements.
DRPay™
DR Pay is an online payment facility for capturing payments instantly when your customers resolve their accounts. This module is tailored to any payment methods you accept, and funds go directly into your bank account.
DRMail™
Where privacy is a concern, this module offers a completely secure and totally private method of communicating with debtors by email. Nothing concerning their debts or their payments is sent through email in an insecure environment.
DRControl™
The DR Control module is the administrative portal - providing real time access to the system and your account information - right from your desktop.
First Performance Corporation
First Performance Corporation is a full-service receivables management company specializing in the post-charge off collection of a variety of debt types, including bankcard, retail, installment loans, and bad checks.
First Performance has a collection center in Las Vegas, Nevada, and employs approximately 150 receivables management specialists. First Performance utilizes the utmost in state-of-the-art technology, and is ISO-27001 certified.
