Debt Resolve Inc. Enters into Line of Credit Agreement

Debt Resolve, Inc. is engaged in providing software solutions to consumer lenders or those collecting on consumer loans using a Software-as-a-Service (SaaS) model. The Company's solutions facilitate Web-based payments or the resolution of delinquent or defaulted consumer debt. The Company markets its services primarily to consumer banks, collection agencies, collection law firms and the buyers of defaulted debt in the United States. The Company offers its service as a SaaS model, enabling clients to introduce this collection or payment software option with no modifications to their existing collections computer systems. Its products capitalize on using the Internet as a tool for communication, resolution, settlement and payment of delinquent or defaulted consumer debt and as part of a complete accounts receivable management solution for consumer creditors. The Company offers Debt Resolve Solution and Settl.it.