Banko and Debt Sales Partners form Alliance to Benefit Debt Purchasers

MINNEAPLOLIS, MN and AKRON, OH ? Dolan Information?s Banko subsidiary and Debt Sales Partners announced today announced a comprehensive strategic partnership. Debt Sales Partners, who provides the credit and collections industry with it?s platform for buyers and sellers of charged-off debt at www.debtsales.us, will use Banko?s data hygiene services exclusively for it?s bankrupt and deceased debtor processing systems. “My relationship with Michael Zoldan (Debt Sales Partners President) and his debt sales business goes back 1999 when he first contacted Banko about his idea for an electronic marketplace for the sale of debt. We have worked together ever since and now want to expand our alliance to support Debt Sales Partners in every way we can”, commented Brian Long President of Dolan Information, Bankos parent.

Creditors interested in a complete scrubbing and sale turnkey solution can work directly with Debt Sales Partners whose information systems are linked to Banko. “A single file transmitted to Debt Sales Partners can facilitate our proprietary processing, Bankos bankruptcy and deceased scrub and listing on the debtsales.US site for sale – including electronic distribution of masked data files for buyer due diligence. This single entry point of the data ensures data integrity and security”, remarked Zoldan.

Buyers familiar with such innovative tools as TRANSACTOR and INTRASALE and sellers utilizing PORTFOLIO UPLOAD CENTER (PUC) and ELECTRONIC CONFIDENTIALY AGREEEMENT (ECA) have completed hundreds of transactions. Nearly $10 billion in debt face value and 25 million individual accounts have been sold via the debt sales platform, dSALE, over the last four years. Banko has provided scrubbing services on nearly every account since dSALE went online in 1999. Dolan Information specializes in large scale and rapid gathering of public record data. Daily updates provide the most current, comprehensive database available. Access to their 100 million record database is available in a variety of formats including batch process and online searches. In addition to their Banko bankruptcy application, they offer Banko Document Retrieval, for court document retrieval services; and Acollaid, a system of tools for database hygiene, scrubbing, and skip tracing. For more information visit www.dolaninformation.com.

Debt Sales Partners based in Akron, Ohio provides an electronic trading platform, dSALE®, at www.debtsales.us for the credit and collection industry. The nations largest creditors and debt buyers have relied on dSALE® technology since 1999. It maintains a Board of Advisors from within the creditor, debt-buying and legal professions to support it?s mission of frictionless transactions between buyers and sellers of debt. Debt Sales Partners can be reached at their corporate headquarters in Akron via telephone at 330.666.5559.