Profile: Encore Capital Group Inc (ECPG.O)
26 May 2017
Encore Capital Group, Inc., incorporated on April 29, 1999, through its subsidiaries, is a specialty finance company providing debt recovery solutions for consumers and property owners across a range of financial assets. The Company operates through Portfolio Purchasing and Recovery segment. The Company's geographical segments include the United States, Europe and other. The Company's portfolios of defaulted consumer receivables at discounts and manages them 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, and telecommunication companies. Defaulted receivables also include receivables subject to bankruptcy proceedings.
The Company through certain subsidiaries, is engaged in portfolio purchasing and recovery in the United States, including Puerto Rico. The Company's subsidiary, Janus Holdings Luxembourg S.a.r.l. (Janus Holdings), through its indirectly held United Kingdom-based subsidiary Cabot Credit Management Limited and its subsidiaries (Cabot) is engaged in credit management services in the United Kingdom, specializing in portfolios consisting of higher balance, semi-performing accounts. The Company, through Cabot, purchases paying and non-paying receivable portfolios using a pricing model that utilizes account-level statistical and behavioral data. The Company's subsidiary, Grove Holdings (Grove), is United Kingdom-based specialty investment company focused on consumer non-performing loans, including insolvencies (individual voluntary arrangements (IVAs)) in the United Kingdom and bank and non-bank receivables in Spain. Grove purchases portfolio receivables using a pricing model.
The Company's subsidiary, Refinancia S.A. (Refinancia), through its subsidiaries, is engaged in debt collection and management in Colombia and Peru. In addition to purchasing defaulted receivables, Refinancia offers portfolio management services to banks for non-performing loans. Refinancia also specializes in non-traditional niches in the geographic areas in which it operates, including providing financial solutions to individuals having previously defaulted on their credit obligations. In addition to operations in Colombia and Peru, it evaluates and purchases non-performing loans in other countries in Latin America, including Mexico and Brazil. Its subsidiary, Baycorp Holdings Pty Limited (Baycorp), is a debt resolution specialist. The Company, through Baycorp Holdings Pty Limited (Baycorp), specializes in the management of non-performing loans in Australia and New Zealand. In addition to purchasing defaulted receivables, Baycorp offers portfolio management services to banks for non-performing loans.
Encore Capital Group Inc
3111 Camino Del Rio N Ste 103
SAN DIEGO CA 92108-5721
Company Web Links
- BRIEF-Encore Capital Group says unit Midland Funding won supreme court case
- BRIEF-Ashish Masih to become president, CEO of Encore Capital Group
- BRIEF-Encore Capital Group reports Q1 GAAP earnings per share $0.85 from cont ops
- BRIEF-Encore Capital prices private placement of convertible senior notes
- UPDATE 1-Judge certifies NY class action over big debt collector's high rates