Interactive Data Reduces ARM Clients' Litigation Exposure

Interactive Data’s SSN driven FDCPA/TCPA litigation database, in partnership with FDCPA Case Listing Service, proactively identified over 1.5 million litigants for their customers in 2010, reducing their exposure to potential FDCPA/TCPA litigation defense costs by over $4.7B for the year.

John Schaeffer, managing member of Interactive Data, LLC said “Our proprietary matching software is designed to meet the challenges of accurately identifying the litigant for our clients and only identifies types of litigation that are specific to the collections industry.”

FDCPA Litigation is a fact of life for every collection agency, debt buyer and creditor rights attorney. Case totals for 2010 reached 10,188, representing a total of 11,020 Plaintiffs in United States District Courts.

2011 marks the fifth anniversary for FDCPA Case Listing Service.  In addition, Interactive Data has approached the two year anniversary of it’s partnership with FDCPA Case Listing Service. The premise for creating this partnership / product was simple; provide collection agencies and law firms with a tool that would help them effectively and efficiently identify debtors that have filed this type of litigation in the past. Bill Pinkney, founder of FDCPA Case Listing Service, said “Interactive Data’s SSN driven product provides the ability for ARM firms to positively identify these litigants within their database. Our team’s manual case research combined with Interactive Data’s proprietary software is providing hard match rates for their clients in excess of 3 to 4 times the industry average.”

About Interactive Data
Interactive Data, LLC (ID) is the industry leader in locating and identifying individuals that are typically difficult to find.  Based in Atlanta, GA, ID offers a variety of search products, including Social Security, Active Duty, Real Estate Listings, POE & Bank Account Data, FDCPA Scrubs, Death Index, and Bankruptcy listing searches, as well as Data Warehousing and cost-efficient unmask-pricing for Directory Assistance.  Leveraging more than 50 years of collections industry experience, ID creates relevant, customer-focused searches that are both comprehensive and cost effective.  Each of these products work seamlessly with ID’s advanced online and batch products.  Interactive Data applications serve the collections, healthcare, financial, debt-buying and cable industries as well as law enforcement and government applications.   For more information, please visit www.id-info.com, or call 678.584.5252 or toll free at 866.584.2295.

About FDCPA Case Listing Service, LLC
Founded in 2007, FDCPA Case Listing Service is the premier company providing consolidated research tools designed exclusively for collection agencies, debt buyers, and creditor rights law firms. Searchable databases are designed to capture FDCPA and TCPA litigation in the US District Courts in the United States. These tools are used to mitigate risk, manage compliance initiatives, and provide a centralized reference database.  For more information, please visit www.fdcpacases.org