Financials
In 2011, Encore Capital paid $386.9 million, to purchase $11.7 billion in face value of debt, compared to $362 million, to purchase $10.9 billion in face value of debt in 2010. Of this $386.9 million, $346.3 million was spent on credit card portfolios, $1.6 million on consumer bankruptcy accounts, and $38.9 million on telecom accounts.
The Company's revenue increased 22.5% in 2011 to $467.4 million. Gross collection increased to $761.2 million in 2011, a 26% increase from 2010. Collection sites accounted for $336.0 million, while legal collections accounted for $377.5 million. External collection agency forwarding accounted for $47.7 million in gross collections.
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