ChoicePoint® Enhances Online Collections and Debt Recovery Offerings

ChoicePoint (NYSE:CPS) today launched an enhancement to DEBTOR Discovery, a service used by the financial services industry in late-stage collections and recovery efforts to locate debtors, improve operating efficiencies and increase portfolio profitability. The enhancement, DEBTOR Discovery Quick Search, is designed for the earlier stages of the collections and recovery process.

“When our customers in the financial industry asked us to help them improve results in early-stage debt recovery, we created DEBTOR Discovery Quick Search,” said Marty Fagan, vice president, ChoicePoint Public Records Group. “DEBTOR Discovery Quick Search offers the same speed and power that our customers have come to expect from DEBTOR Discovery.”

DEBTOR Discovery, introduced in 2000, is an online service that helps financial services professionals locate and contact debtors, obtain hard-to-find telephone numbers, and identify relatives, assets and business affiliations. DEBTOR Discovery links ChoicePoint’s 15 billion public records with current and historical data, and delivers comprehensive, easy-to-understand reports. DEBTOR Discovery Quick Search is focused on the 30- to 120-day collections cycle, providing phone numbers and associates faster than ever.

“With this enhanced service, customers with low-balance, high-volume delinquency accounts should be able to increase their collections and recovery rates, quickly and efficiently,” Fagan said. “DEBTOR Discovery Quick Search is designed to help customers increase productivity, reduce costs and improve overall bottom-line results.”

ChoicePoint is the leading provider of identification and credential verification services for making smarter decisions in today’s fast-paced world, serving the information needs of business, government and individuals. ChoicePoint is committed to protecting personal privacy and promoting the responsible use of information to help create a safer world. For more information about ChoicePoint, visit the Company’s Web site at www.choicepoint.net.

DEBTOR Discovery is a service mark and ChoicePoint is a registered trademark of ChoicePoint Asset Company.