Online company DebtResolve has launched a brand new debt management service in the UK in the form of an internet repayment system.
The company's patented technology allows online negotiation between lender and borrower. Through encouraging both parties to discuss the debt, accounts can be settled quickly and easily. While allowing borrowers to make repayments privately, lenders will benefit from higher collection rates and lower costs.
A spokesperson for company said: “The UK and European collections markets are very important to the continued growth of Debt Resolve. The Credit Show will be an invaluable demonstration platform to show a significantly better way of collecting debt before it becomes bad.”