National Student Loan and Credit Report Debt Attorney

Is Big Debt Collector Portfolio Recovery in Acquisition Mode?

Rate this post

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.

 

Is Big Debt Collector Portfolio Recovery in Acquisition Mode? was last modified: October 12th, 2017 by Kevin Fallon McCarthy
The following two tabs change content below.
mm
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.
mm

Latest posts by Kevin Fallon McCarthy (see all)

START NOW
Call 855-976-5777 or Chat Now
  • How much do you owe?
    Select your approximate debt.
    Less debt
    More debt
  • The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.