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Company Description (as filed with the SEC)
We are an international specialty finance company providing debt recovery solutions for consumers and property owners across a broad range of financial assets. Portfolio Purchase and Recovery Business We purchase portfolios of defaulted consumer receivables at deep discounts to face value and manage them by working with individuals as they repay their obligations and work toward financial recovery. Defaulted receivables are consumers’ unpaid financial commitments to credit originators, including banks, credit unions, consumer finance companies, commercial retailers, and telecommunication companies. Defaulted receivables may also include receivables subject to bankruptcy proceedings. Through certain subsidiaries, we are a market leader in portfolio purchasing and recovery in the United States. In June 2013, we completed our merger with Asset Acceptance Capital Corp. ... More ...