Security Credit Exceeds Expectations and Raises over $24 Million of Investment Funds in 2009 to Purchase Approximately $750 Million of Delinquent Receivables

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Fri Jun 26, 2009 12:01pm EDT

Tough times and an unstable economy give investors and debtors an opportunity to
see positive results


OXFORD, Miss.--(Business Wire)--
What do you do when you reach goals that you set to achieve? You continue to
raise the bar. In today`s unstable economy, investors are looking for ways to
diversify their portfolios while producing a peace-of-mind and debtors are
trying to pay off their debt. 

Security Credit Services buys delinquent receivables and is managing the
collection process for over $1 billion of delinquent receivables from the
nation`s most respected creditors. Through internal and external collection
cycles, Security Credit Services strategically works and places the debt into
national licensed and bonded collection channels. Their experience and trusted
partnerships allow them to develop portfolios to a most profitable conclusion. 

Trends in today`s economy find some financially squeezed borrowers have begun
paying their credit card and car bills before their mortgages, according to
Experian and Equifax credit bureaus. That`s because some consumers owe more on
their home than it`s worth, so they may be giving up on their mortgage and
paying their credit card and car loan to get by, says Mark Zandi, chief
economist at Moody`s Economy.com. (1) 

Security Credit Services recognizes that the current trends in the economy work
in their favor. The fact that consumers want to pay off their debt now more than
ever is a great opportunity. Credit card companies are just looking for a reason
to lower your card limit or raise your interest rate. "The interest is draining
disposable income from savings or taxes, investments or just to take a
vacation," says Adam Levin, founder of credit.com. (2) These facts tend to
support the efforts of Security Credit Services. 

In the first investor pool of 2009, Security Credit Services, LLC was able to
raise over $24 million. The list of investors that are selected to participate
are developed exclusively from referrals of existing investors. Security Credit
Services does not take for granted the success they have generated to date. The
attention to detail and the level of management has been critical in the steady
growth that has been generated. 

In the upcoming months, Security Credit Services will start to utilize the
services of hundreds of employees to collect millions of dollars worth of this
country`s debt. Security Credit Services` team of professionals has proven that
their strategies and investment tactics have worked. 

For further information regarding Security Credit Services, please contact James
Price @ 404-428-9972. 

(1) USA Today - April 2009 

(2) Commercial Appeal - April 2009 





Security Credit Services, LLC
Media Contact
James Price, 404-428-9972
jprice@priceandpartners.com

Copyright Business Wire 2009

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