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Ticker:ECPG
Company Name: Encore Capital Group Inc

Business Overview from 10-K filing for Encore Capital Group Inc:

Encore Capital Group, Inc. together with its subsidiaries (“Encore”) is a systems-driven purchaser and manager of charged-off consumer receivables portfolios. Encore acquires these portfolios at deep discounts from their face values using its proprietary valuation process that is based on the consumer attributes of the underlying accounts. Based upon the ongoing analysis of these accounts, we employ a dynamic mix of collection strategies to maximize our return on investment. The receivable portfolios we purchase consist primarily of unsecured, charged-off domestic consumer credit card receivables purchased from national financial institutions, major retail credit corporations, and resellers of such portfolios. Acquisitions of receivable portfolios are financed by operations and by borrowings from third parties. We have been in the collection business for 51 years and started purchasing portfolios for our own account approximately 14 years ago.     

View the full ECPG chart at Wikinvest

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