Form Type:  SC 13G/A
Filing Date:  2/11/2019 
CIK:  0001185348 
Address:  120 CORPORATE BLVD STE 100 
City, State, Zip:  NORFOLK, Virginia 23502 
Telephone:  7575199300X3023 
Fiscal Year:  12/31 
Last Trade
Last Trade: 
0.08 (0.29%)  
Trade Time: 
03:04 PM EST  
Market Cap: 
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© 2019  
Description of Business
Headquartered in Norfolk, Virginia and incorporated in Delaware, we are a global financial and business services company with operations in the Americas and Europe. Our primary business is the purchase, collection and management of portfolios of nonperforming loans. The accounts we acquire are primarily the unpaid obligations of individuals owed to credit grantors, which include banks and other types of consumer, retail, and auto finance companies. We acquire portfolios of nonperforming loans in two broad categories: Core and Insolvency. Our Core operation specializes in purchasing and collecting nonperforming loans, which we purchased at a discount to face value since either the credit grantor and/or other third-party collection agencies have been unsuccessful in collecting the full balance owed. Our Insolvency operation consists primarily of purchasing and collecting on nonperforming loan accounts where the customer is involved in a bankruptcy proceeding.
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