News - Debt Connection - Your Online Resource for the Collection and Recovery Industry!

At A Glance Newsletter
Friday, January 14, 2005
THE DEBT MARKETPLACE - AT A GLANCE http://www.debtmarketplace.com/glance.html Friday, January 14, 2005 The DEBT CONNECTION website offers a searchable database of service providers and suppliers, for more information go to http://www.debtconnection.com. Check listings by category on DEBT CONNECTION Master Search by going to: http://www.debtconnection.com/mastersearch.asp For more information on detailed profiles please go to: http://www.debtconnection.com/advertising.asp DEBT BUYERS' SAFARI 2005 Debt Buyers' Association is holding it's 8th Annual DBA Conference on February 8 -10, 2005 at The Mirage Casino-Hotel in Las Vegas, NV. Buyers and Sellers of Debt Portfolios, Collection Attorneys, Agencies and Recovery Professionals, Consumer Lenders, Investment Bankers and Consulting Agencies, as well as Industry Vendors are all welcome to participate. This year's line up will include informative speakers and presentations to keep you and your company up-to-date about industry topics and emerging concerns. You will also have plenty of time to meet and network with other industry professionals and of course participate in the Annual Golf Classic being held at the Paiute Golf Resort. Information can be found at the Debt Buyers' Association Website at: http://www.debtbuyers.com/event.php3 or by phone (562) 903-7222. DEBT RELIEF FOR TSUNAMI NATIONS The world's wealthiest nations agreed Friday to temporarily suspend debt collection from countries devastated by the Dec. 26 Asian tsunami, freezing annual repayments of about $3 billion and taking financial pressure off regional governments as they dig their way out of the ruins. http://news.yahoo.com/news?tmpl=story&u=/sv/20050108/tc_sv/debtrelieffortsunaminations AMERIQUEST MORTGAGE ILLEGAL PURCHASE OF CONSUMER CREDIT REPORTS FOR TARGET MARKETING AND PRIVACY LAW VIOLATIONS After receiving unlawful e-mail spam leading to Ameriquest and its subsequent decline of the mortgage application for any amount with an entirely false reason, Christine Baker named Ameriquest in her federal suit, filed on 6/9/04 in Phoenix, AZ, case # CIV-04-1192-PCT-NVW. http://www.prweb.com/releases/2005/1/prwebxml195723.php CAVALRY REPORTS RECORD ACQUISITIONS AND COLLECTIONS IN 2004 Cavalry Portfolio Services LLC, one of the nation's largest debt buyers, reported a record year for acquisitions and collections in 2004. Cavalry's portfolio acquisitions in 2004 totaled $2.7 billion in aggregate principal balances, an increase of 144 percent from last year. The firm's receivables portfolio rose to $13.3 billion, up 37 percent from $9.7 billion at the end of 2003. http://biz.yahoo.com/prnews/050110/nym158_1.html HSBC EYES BIGGER FISH AFTER KOREA FIRST BANK SETBACK Outgunned in the bidding war for a leading South Korean bank, HSBC may be preparing to line up an even bigger target for acquisition, Korea Exchange Bank. The global banking giant dropped out of the bidding for Korea First Bank when London-based rival Standard Chartered offered to pay 30 percent more for South Korea's seventh largest lender. http://www.channelnewsasia.com/stories/afp_world_business/view/126852/1/.html INTERACTIVE DATA TO RELEASE BANKRUPTCY FOR $.25* PER HIT Skip Trace Solution provider Interactive Data (ID) takes one-stop, comprehensive searching for the collections industry-and beyond-a step further with the announcement of IDBNK: Interactive Data Bankruptcy Searching. This product is the newest addition to the Georgia company's long list of search options, including Social Security, Real Estate, and Death Index products. http://www.debtconnection.com/pressrelease/interactivedata01102005.asp FORMER DEBT EMPLOYEES COLLECT THEMSELVES Rockford, Illinois- It's been a month since employees at a Rockford debt collection firm were told to leave after federal agents told them to pack up. Friday was the only day former CAMCO employees could come to collect themselves. One month after being told to leave because of a federal raid, workers came to clean off their desks. http://www.wtvo.com/Global/story.asp?S=2780920&nav=0RePUxge ID THIEF GETS PRISON; LOSSES MAY HAVE TOTALED $100 MILLION A computer technician who prosecutors say touched off the largest identity theft in U.S. history was sentenced to 14 years in prison Tuesday by a judge who said the damage he caused was "almost unimaginable." http://www.kentucky.com/mld/kentucky/business/technology/10619326.htm The Debt Marketplace News Special Report: Debt Buyers Research 2002 Research conducted in 2002. Approximately 90 buyers responded to questions regarding Market Trends, Purchase Trends, Collection Efforts, Valuation, and Post Purchase Issues. The survey was conducted jointly by Resource Management Services, Inc. and The Debt Marketplace, Inc. Price: $49.00. Click here for the order form: http://www.debtmarketplace.com/tdmresearch2002.pdf BUYER/SELLER 101 WILL BE OFFERED AGAIN IN SOUTHERN CALIFORNIA, MARCH 3-4, 2005 It is designed for first-time buyers and sellers, or experienced professionals interested in fine-tuning their skills, these courses include detailed analysis in Market Overview, Defining Your Needs, Due Diligence, Contracts, Pricing, Strategies, and Measurement Methods. http://www.debtmarketplace.com/buyer-seller101.html DEBTCONNECTION.COM & DEBTSEARCH.COM CONTINUE TO GROW & EXPAND The industry Websites, http://www.debtsearch.com & http://www.debtconnection.com continues to grow tremendously and expands with new listings daily. Find portfolios, buyers, sellers and industry service providers such as consultants, agencies, products and more. NEWEST ADDITIONS AND UPDATES TO DEBTCONNECTION.COM and DEBTSEARCH.COM: DEBT BUYERS To view all listed debt buyers and contact information on DEBTCONNECTION.COM check http://www.debtconnection.com/debtbuyers.asp DEBTSEARCH.COM check http://www.debtmarketplace.com/buyers-matrix.html New additions and updates this week include: Intergraded Financial Resources (IFR) 586-992-9458 Resurgence Financial, LLC 847-581-2700 CONSULTANTS To view all listed debt sellers and contact information on DEBTCONNECTION.COM check http://www.debtconnection.com/blisting.asp?13 DEBTSEARCH.COM check http://www.debtmarketplace.com/consultants-and-brokers-matrix.html New additions this week include: Kyra s.r.l +39 0498936555 Italy BROKERS To view all listed debt sellers and contact information on DEBTCONNECTION.COM check http://www.debtconnection.com/blisting.asp?25 DEBTSEARCH.COM check http://www.debtmarketplace.com/consultants-and-brokers-matrix.html New additions this week include: Sparks&Associates 580-532-4253 RELATED INDUSTRY SERVICES For all related industry services and contact information, check http://www.debtmarketplace.com/related-industry-services.html New additions this week include: Lighthouse Partners Solutions 626-318-2100 Skip Tracing McLaurin Recovery Services (M.R.S.) 336-624-1407 Skip Tracing Interactive Data 678-377-6454 Skip Tracing Castel, Inc. 978-236-1000 Predictive Dialers Interactive Data 678-377-6454 Bankruptcy COLLECTION SERVICES To view all listed agencies and contact information on DEBTCONNECTION.COM check http://www.debtconnection.com/agencies.asp DEBTSEARCH.COM check http://www.debtmarketplace.com/collection-services.html New additions and updates this week include: Delivery Financial Services, LLC 480-348-1146 Agency CBI /Credit Base International 0039/(0)187/2549221 Agency, International Pope & Levy Co., LPA 614-898-5200 Attorney Underwood Law Firm 314-621-4940 Attorney UPCOMING INDUSTRY EVENTS For all upcoming industry events, check http://www.debtconnection.com/industryevents.asp COLLECTION TECHNOLOGY SUMMIT 2005 Royal Media Group and Collection Technology News Santa Monica, CA January 23-25, 2005 (800) 320-4418 Ext.106 DETAILED PROFILES ON WWW.DEBTCONNECTION.COM ARE AVAILABLE If you're serious about your listing, get a one-page detailed profile, so Buyers, sellers and others know more about who you are. Detailed profiles are indexed by major search engines. It's a great way to add exposure to your company and/or website. SPONSORSHIP MESSAGE This At A Glance report is sponsored by The Debt Marketplace. Our firm specializes in assisting buyers and sellers in all aspects of the transaction process, including... Marketing your portfolio. Due Diligence for Buyers and Sellers. Evaluating the viability of a sale. Addressing pricing, contract and negotiation considerations. Attaining the most efficient transition possible, while minimizing post-sale issues. Our consulting projects are customized to provide the level of involvement and information that best meets our clients' needs. Check them out at: http://www.debtmarketplace.com/ Copyright 2001, 2002, 2003, 2004 THE DEBT MARKETPLACE, INC. 562-903-7220 At A Glance reports can be expected weekly or biweekly, depending on quantity of news and information to report. You may send this report, in its entirety, to others who may have interest. Interested parties can also receive a complimentary subscription by registering at http://www.debtsearch.com Just enter your email address at the "Join List" box.