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:
“The current flows fast and furious. It issues in a spate of words from the loudspeakers and the politicians. Every day they tell us that we are a free people fighting to defend freedom. That is the current that has whirled the young airman up into the sky and keeps him circulating there among the clouds. Down here, with a roof to cover us and a gasmask handy, it is our business to puncture gasbags and discover the seeds of truth.”
—Virginia Woolf (1882–1941)
“To business that we love we rise betime,
And go to’t with delight.”
—William Shakespeare (1564–1616)
“My business is to teach my aspirations to confirm themselves to fact, not to try and make facts harmonize with my aspirations.”
—Thomas Henry Huxley (1825–95)