Is Big Debt Collector Portfolio Recovery in Acquisition Mode?

by | Mar 11, 2014 | Debt Collectors, Debt Relief, Debt Settlement

Apparently.  Business must be good for debt collector Portfolio Recovery.  In fact, it is so good they are buying Aktiv Kapital AS, a Norwegian company that services non-performing consumer loans.

http://www.reuters.com/article/2014/02/19/aktivkapital-offer-idUSL3N0LO4YA20140219

If you are in debt, your debt collector may very well be Portfolio Recovery.  At the end of 2013, Portfolio Recovery had cash collections of $1.1 billion, up 26% from full year 2012, with estimated remaining collections of $2.7 billion.  With 2013 revenues of $735.1 million, up 24% from 2012, Portfolio is an aggressive debt collector.

If you are being pursued by debt collectors, contact a qualified debt settlement attorney. A qualified debt settlement attorney can have all debt collection calls go through their office as they work to settle the debt for a fraction of the balance owed.   Debt collection is big business. Consumers can greatly benefit from qualified legal representation.

 

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Kevin Fallon McCarthy

Kevin Fallon McCarthy is the McCarthy Law PLC’s managing attorney and an experienced Phoenix debt attorney. Mr. McCarthy has also worked as general counsel for a large corporation. He has corporate counsel experience in human resource matters, general corporate governance, and union class action litigation.