Business
Encore Capital Group, Inc. is a leader in consumer debt buying and recovery. Encore purchases portfolios of defaulted consumer receivables at deep discounts to face value and uses a variety of operational channels to maximize collections from these portfolios. Encore manages these receivables by partnering 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, auto finance companies, and telecommunication companies, and may also include receivables subject to bankruptcy proceedings, or consumer bankruptcy receivables.
Four competitive, strategic advantages underpin Encore’s success and drive for future growth: i. The sophisticated and widespread use of analytics (Analytic Strength); ii. Broad investments in data and behavioral science (Consumer Intelligence); iii. Significant cost advantages based on its worldwide operations, as well as enterprise-wide, account-level cost database (Cost Leadership); iv. A demonstrated commitment to conduct business ethically and in ways that support consumer financial recovery (Principled Intent).
In addition, Encore provides bankruptcy support services to some of the largest companies in the financial services industry through their wholly owned subsidiary, Ascension Capital Group, Inc. ("Ascension"). Leveraging a proprietary software platform dedicated to bankruptcy servicing, Ascension's operational platform integrates lenders, trustees, and consumers across the bankruptcy lifecycle.
Read more about this topic: Encore Capital Group
Famous quotes containing the word business:
“In the United States all business not transacted over the telephone is accomplished in conjunction with alcohol or food, often under conditions of advanced intoxication. This is a fact of the utmost importance for the visitor of limited funds ... for it means that the most expensive restaurants are, with rare exceptions, the worst.”
—John Kenneth Galbraith (b. 1908)
“I’m not in business to be loved, but I am in business.”
—Robert Towne (b. 1936)
“Writing ought either to be the manufacture of stories for which there is a market demand—a business as safe and commendable as making soap or breakfast foods—or it should be an art, which is always a search for something for which there is no market demand, something new and untried, where the values are intrinsic and have nothing to do with standardized values.”
—Willa Cather (1876–1947)