ECPG
ECPG
Encore Capital Group, Inc.Company Information
Recommendation Details
Financial Services holds up to 4 names drawn from Financial services above $200M. Financial services ranked on the composite positive factor. Positions are held for 6-14 days, each position carries a 20% stop-loss. Benchmark: S&P 500 Financials.
Company Description
Encore Capital Group, Inc. operates as a specialized financial institution, offering global solutions for debt resolution and associated support services to individual consumers holding diverse financial assets. The company acquires portfolios of consumer debts that are in default, often at substantial discounts from their original value. It then oversees these accounts by engaging with individuals to assist them in fulfilling their repayment responsibilities and working towards their financial recovery. Additionally, Encore Capital Group provides a range of services including initial collection efforts, business process outsourcing, performance-based collection, loan servicing, and various other portfolio administration services to lenders grappling with non-performing loans. The enterprise was established in 1999 and its main offices are situated in San Diego, California.