Debt Resolve

Debt Resolve is an online bidding platform catering to the collection of overdue consumer debt, primarily in the United States. Founded in 1997, the company has evolved to offer the DebtResolve system, which assists creditor clients in settling and collecting defaulted consumer debts. The system comprises various modules such as DR Settle for debtors to propose payment offers, DR Pay for facilitating online payments, DR Control for system administration, DR Mail for email communications, and DR Prevent for early-stage debt settlement. The company primarily serves banks, lenders, credit card issuers, third-party collection agencies, collection law firms, and buyers of charged-off debt, and has expanded its services to include auto loan providers, telecom companies, utilities, hospitals, and large provider groups. Notably, Debt Resolve secured a $1.50M Post-IPO Equity investment on 25 August 2010. The company, originally known as Lombardia Acquisition Corp., rebranded to Debt Resolve, Inc. in May 2003 and is headquartered in Tarrytown, New York.