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Number 191 - October 2006

Dun & Bradstreet Australasia To Be Sold As Public Offering Plans Are Scrapped

Bad Debt Buyer B-Line Acquired By Private Equity Firm Lone Star Funds

Credit Corp Group Continues Impressive Growth

Collection Stocks Head Lower

Chicago Debt Exchange Completes First Live Auctions

Equidebt IPO Likely Before End Of Year

ISA Internationale Posts Loss Again

UK Debt Broker TDX Group Offers Services Not Found At US Firms

Earnings Down At Asset Acceptance Capital

Wolf Appointed CEO At Intrum Justitia

Robinson Way's Profit Up 10% In Half

MRS Associates Appoints Schulman President

The Lewis Group's Profit Doubles In Half

NCO Group's Net Falls 29%

Burt & Associates Makes Inc. 500 List

Number 190 - September

Asta Funding Announces Special One-Time Dividend of Nearly $5.5 Million

Launch of Capital Collection Bureau Draws Media Attention & Raises a Few Questions

First Guardian Financial Launches Debt Buying Subsidiary

United Collection Bureau Achieves Continuity Standards

Collection Stocks Head Lower

Industry Executives Launch New Agency

Earnings Up 20% At Intrum Justitia

Mortgage Debt Buying Turns Brutal At Franklin Credit Management

First Financial Asset Management Buys $400 Million Portfolio

Resurgence Financial Makes Inc 500 List

West Asset Management's Second Quarter Earnings Flat

Floor Drops Out From Under United Medicorp

Staggering Impairments Clobber Aktiv Kapital

Profits Plunge At Collection House

Vengroff Williams & Associates Offers Factoring Services

Number 189 - August 2006

Armanti Financial Services Acquired by Apollo Health Street for $31 Million

People First Recoveries Acquired by Telecommunications Firm IDT Corporation

Receivables Management Acquired by AAN Financial Services

The Sagres Company Receives $10 Million Financing

PUN Collections Acquires $80 Million Debt Portfolio

FirstCity Financial Authorizes Stock Repurchase

Collection Stocks Seesaw

Account Portfolio Management Completes $10 Million Financing

Analyst Claims Asta Funding Second Quarter "Influenced"

Debt Collection Earnings Increase 25% at Sallie Mae

Cavalry Portfolio Services Acquires $1.2 Billion in Bad Debt

Portfolio Recovery Associates Net Up 23%

Encore Capital's Net Income Slides

Revenue & Profits Down at Asset Acceptance Capital

Federal Trade Commission Fines Whitewing Financial $150,000

Financial Credit Services Sued by Illinois Attorney General

Two Former OSI Employees & Six NJ Officials Indicted

Number 188 - July 2006

Small Business Lending Company Franchise Acquired by FirstCity Financial

BCW Group Sells its Outsourcing Business to Sovereign Group in Management Buyout

RAMCO Achieves Huge Profit in Third Quarter

Baycorp Advantage Completes Sale of Collection Agency

Collection Stocks Slump

Credigy Acquired by National Bank of Canada

Clarity Credit Management Solutions Acquired by Nikko

DebtResolve Files for $12.5 Million Public Offering

NCO Group Accepts Chairman's Offer to Buy Company

Debt Buyer Javelin Acquired by Repcol

United Medicorp Purchases Contracts From Bankrupt Firm

Ocwen Recovery Group Posts Another Loss

Velocity Asset Management Reports Strong Results

Number 187 - June 2006

First Automated Systems & Technology Acquired by the Titan Companies

Encore Capital Group Explores Option of Going Public or Putting Itself up for Sale

KM2 Solutions Offers Collection Firms Near Shore Capabilities

Stock Rally Resumes

NCO Group Profit Falls on Special Charges

Earnings Grow 20% at Portfolio Recovery Associates

Profits at Sallie Mae's Collection Business Slows

United Medicorp Slumps With Revenue Loss

Velocity Asset Management Files for Secondary Offering

Aktiv Kapital's Earnings Fall

West Asset Management's Parent to go private

Little Growth at Asset Acceptance Capital

Collect Canada Forms Alliance With Collect America

Number 186 - May 2006

Premium Asset Recovery Corporation Acquired by Asset Acceptance Capital

Baycorp Advantage Collection Services to be Sold to Private Equity Firms

Quantum Credit Services Acquired by The Outsource Group

Receivable Acquisition & Management Posts Loss

Collection Stock Rally Ends

Safika Makes Equity Investment in TransUnion ITC Receivables Management

Ocwen Recovery Group Posts Loss for Year

Sallie Mae's Collection Business Has Strong Year

West Asset Management's Revenue up 11%

Profits Surge at Repcol Limited in First Half

Barrist Offers to Buy NCO Group for $1 Billion

Senex Services Acquires Portfolio

ISA Internationale Commences Operations With First Debt Buy

Diversified Collection Services Withdraws Challenge to IRS Contract

Penncro Associates' Former Client Ordered to Pay Firm $17 Million

Number 185 - April 2006

Cabot Financial Holdings Acquired by Nikko Principal Investments Limited

Robinson Way & Company's Parent Receives Unsolicited Takeover Bid

Portfolio Recovery Associates' Net Up 22% for Year

MedAssist Acquires Capstone Solutions

Collection Stock Rally Still Going

Collection House Makes Bad Debt Buy

Earnings Estimates Revised Upward at West Asset Management

MRS Associates Form Offshore Joint Venture

Aargon Collection Agency Moves to VOIP

IRS Awards Collection Contracts buy Challenges Files

Consumer Bankruptcy Filings Plummet

D&B Australasia Wins Tax Contract

Atradius Collections Joins Commercial Collection Agency Association

Encore Capital Group Reports Record Earnings

Vengroff, Williams & Associates Achieves Certification

Number 184 - March 2006

Sale of British Bad Debt Buyer Cabot Expected to Bring In Nearly $500 Million

Collins Financial Services Acquired by Brazos Private Equity Partners

Transcom Worldwide Acquires Two Collection Agencies

Baycorp Advantage May Spin Off Collection Unit with IPO

Collection Stocks Continue Rally

Pennsylvania Pays Receivable Management Services to Stay Put

The Landau Group Firms Acquired

VATIV Recovery Solutions Acquires by Asta Funding

Two Healthcare Collection Agencies Decide to Merge

Cavalry Investments Seeks to Invest in Other Bad Debt Buyers

Profits Surge at FirstCity Financial

Telcom Accounts Hang up on Asset Acceptance Capital

NCO Group's Revenue Tops Billion Mark

Number 183 - February 2006

Financial Asset Management Systems Undergoes $98 Million Buyout

Lawyers Furious Over Bankruptcy Law: Than means Collection Industry Benefits

Audit Nightmare at Aktiv Kapital Causes Deep Drop in Profits

Premium Asset Recovery Makes Healthcare Debt Buy

Collection Stocks Continue Sinking

Portfolio Recovery Associates Says Growth Will be Non-Credit Card

Asta Funding's 1st Quarter Another Goldmine

Baycorp Collection Services Improves Earnings

Robinson Way's Profit up 11% for Year

Intrum Justitia Has Record Year

Profits Plunge & Trading Halted at Collection House

Number 182 - January 2006

KRG Capital Partners Acquired Bad Debt Buyer Collect America for $350 Million

NCO Group Agrees to Fine of $300,000 by the Commonwealth of Pennsylvania

NRA Group Acquires Collection Business of Credit Plus Solutions

Pioneer Credit Management Services Acquires RMG's Malaysian Business

Collection Stocks Continue Sinking

Accel Receivable Management Acquired by Partners in Credit

GRP Financial Services Acquired by Sallie Mae

Baycorp Advantage Misses Deadline to Divest Collection Business

Collection House has 4% Increase in Revenue

Asset Acceptance Capital Corp's Net up 7%

Revenue Growth Slows at Aktiv Kapital

Asta Funding Completes Expansion of Credit Facility

West Asset Management Projects Outlook for 2006

Credit Corp's Founding Family Sells Large Stake

Number 181 - December 2005

NJ Commission: OSI Collection Services Overcharged $1 Million Collecting Taxes

Asta Funding's Midas Touch Continues as it Achieves Record Results for 2005

Ocwen Recovery Group Records Loss

Profits Soar at Repcol Limited

Collection Stocks Take Huge Hit

Third Quarter Profits Fall at FirstCity Financial

Financial Management Systems Raises $4 Million

Collection House Plans IPO Spin Off

Intrum Justitia's Earnings Improve

Portfolio Recovery Associates Receives Line of Credit

Credit Corp Group Inks Forward Flow Agreement

Sequoia Credit Consolidation Expects 2006 Placements to Double

SEC Probe of NCO Group Ends With a Whimper

Number 180 - Novermber 2005

Marlin Integrated Capital Holding Units Acquired by NCO Group for $86.8 Million

IntelliRisk Management Corporation Receives $50 Million in Equity Capital

Federal Credit & Consulting Acquired by NuComm

West Asset Management's Income up 31%

Collection Stocks Post Gain

Capital Management Services' Revenue to hit $55 billion

Repcol Issues 11 Million Shares

Growth at Asset Acceptance Capital

Portfolio Recovery Associates Net Surges 34%

Pearce Relinquishes CEP Role Again at Collection House

Arrow Financial Services Fined by State

Net Income up 32% at Encore Capital Group

Number 179 - October 2005

Allco Equity partners Fail in its Hostile Takeover attempt for Baycorp Advantage

Portfolio Management Group Acquired by Aktiv Kapital in Canadian Expansion

Receivable Management Services Acquired by Citigroup

Strong Performance by Collection House for Year

Collection Stocks post Modest Gain

New Request for Quotes Released by IRS for Tax Collections

Profits Continue to Skyrocket at Repcol

Equidebt Receives $95 Million Equity Injection

Record Earnings at Encore Capital Group

Year-End Profits up 10% at EOS Group

Credit Corp Limited Soars on Bad Debt Buying

Astra Business Services Get $9 Million in Venture Capital

Number 178 - September 2005

Universal Fidelity's Lawsuit Forces the IRS to Cancel Debt Collection Solicitation

Baycorp Advantage Formally Rejects Takeover Bid by Allco Equity Partners

Nationwide Credit Sells Healthcare Collection Division

Ascension Capital Group Acquired by Encore Capital Group

Collection Stocks Post Modest Gain

Sallie Mae's Collection Business Surges in Quarter

NCO Completes Acquisition of Risk Management Alternatives

Castle & Mosey Team up Again to Launch Northstar Companies

West Asset Management Has Strong Quarter

Ocwen Recovery Group's Earnings Slide

Asta Funding Achieves Record Earnings

Premium Asset Management Makes Healthcare Debt Buy

TWS Holdings Receives $20 Million Credit Line for Debt Buyers

China Sets Up Bad Debt Clearing Agency

Major Intrum Justitia Investor Sells Stock

Resurgence Financial Gets Private Equity Investment

Number 177 - August 2005

Universal Fidelity Corporation Sues the IRS Over Debt Collection Contracts

Baycorp Advantage Rushes to Put Its Collection Agency Division up for Sale

Abrams & Swartz Acquired by Creditors Interchange

American Coradius Acquired by Private Equity Group

Collection Stocks Gain Ground

Intrum Justitia's Earnings Rise 26 Percent

Aktiv Kapital's Net Surges 51 Percent

Creditexpress Acquired by Transcom Worldwide

AlaTax Acquired by Portfolio Recovery Associates for $17.5 Million

Profits at Asset Acceptance Capital Grow Faster Than Revenue

NCO Group's Teleservices Business Off 26 Percent

Earnings Fail at FirstCity Financial

Kundinkasso Acquired by Lindorff

Number 176 - July 2005

Hostile Takeover Launched for Baycorp Advantage by Allco Equity Partners

RMA Files for Chapter 11 & NCO Group Will Acquire Assets for $118.8 Million

Creditexpress is Acquired by Intrum Justitia

U.S. Debt Buyers Soar

Aktiv Kapital's Net Climbs 42%

Robinson Way Surges in First Half

Ocwen Recovery Group's Earnings Fall

Credit Corp Group's Net Up 66%

Creditek Acquired by Gecis

West Asset Management's Income Soars

Collector Productivity Drives Portfolio Recovery Associates' Profits

Number 175 - June 2005

Australia's RMG Limited Files for Bankruptcy & Part of Business Sold

Second Indian Call Center Business Seeks to Acquire Debt Collection firms

Lowell Group Reaches 600,000 Accounts Under Management

Johnson, Morgan & White Opens London Office

Collection Stocks Down Sharply

Bridgement Smith Collections Plans New Headquarters

Van Ru Credit Corporation Opens 250 Seat Call Center

IntelliRisk Management Corp Unit Settles With Minnesota

Increased Earnings at Encore Capital Group

FirstCity Financial Corporation's Revenue up 6%

NCO Group Misses Analysts Expectations

Asta Funding Net Surges 34% in Quarter

Asset Acceptance Capital Corp's Net Sets Record

Number 174 - May 2005

Wescot Credit Services Sale    Collapses - Deal With New Buyer is Reported

Debt Buyer Portfolio Recovery Associates First Quarter Earnings Climb 48%

Ocwen Recovery Group's Earnings Fall

The Lewis Group's Profits Increase

Municipal Services Bureau Lands Court Fines Contract

Collection Stocks Down Sharply

Financial Recovery Services Revenue up 82% for Year

Johnson, Morgan & White's Revenue Nearly $15 Million

Opportunities, People & Expansion

Earnings up 22% for Year at NCO Group

Credit Today/Credit Risk International Publisher Insolvent

Portfolio Recovery Services Earnings up 48%

FTC Adds Four More Senior Managers to CAMCO Suit

Credit Services Association Hires PR Firm

Financial Asset Management Systems Lands Child Support Contract

Number 173 - April 2005

SEC Staff to Recommend Securities Laws Violations Against NCO Group

Asset Acceptance Capital Corporation to Hold Secondary Stock Offering

Encore Capital Group Earning's Up 28% in 2004

West Asset Management's Operating Income Surges for Year

Collection Stocks Tread Water

ISA Internationale's Acquisitions Delayed Yet Again

Losses Soar at RMG Limited in Half

United Medicorp Loses Big Client

Weak Results for Baycorp Advantage's Collection Unit

Debt Buying Propels Repcol in First Half

Genesis Financial Services Diversifies Into Lending

SITEL Transitions Some Collections Offshore

FirstCity Profits Down on Continuing Operations

Number 172 - March 2005

Option Card Acquired by Asta Funding in Deal Worth $13.5 Million

Consumers Financial Corporation Acquires Medical Billing & Collection Agency Firm

Bad Debt Buyer Aktiv Kapital Acquires $78 Million Spanish Portfolio

Collection Stocks in Sharp Correction

FBIC Expands Into China

Earnings Increase 33% at Portfolio Recovery Associates

Opportunities, People & Expansion

Reward Enterprises Launches Collection Agency

Intrum Justitia's Net Earnings Set Record

IntelliRisk Management Corporation Establishes Global Operations

Number 171 - February 2005

Encore Capital Group Establishes Price at $61.7 Million For Sale of 3 Million Shares

Aktiv Kapital's CEO Abruptly Resigns Amid Acquisition of Two More Collection Firms

West Asset Management's Profits Soar After Acquisitions

Ocwen Financial Corporation's Profit's Fall

Collection Stocks Going Straight Up

Robinson Way's Profits Up 45 Percent

Asta Funding's First Quarter Profits Up 32 Percent

Earnings up 101% at FirstCity Financial for Nine Months

Direct Legal & Collections Achieves British Certification

Cevian Capital Boosts Holdings in Intrum Justitia

Collection House Buys $76 Million Portfolio

EMCC Unit Acquires Sage Systems

Tracey Steps Down at DCS Holdings

Asset Acceptance Reduces Rate on Credit Facility

Genesis Financial Solutions Debt Buys Triple in 2004

CAMCO's Accounts Sold for $6.8 Million

Number 170 - January 2005

Sherman Financial Group & Timothy Beffa Form Joint Venture & Launch New Agency

Aktiv Kapital is Europe's Largest Bad Debt Buyer With Acquisition of Olympia Capital

Visma Services Acquires United Collectors for $6.6 Million

NCML Holdings to Sell Collection Business for $5.4 Million

Collection Stocks Explode

Specialized Receivables Acquires Foster & Bibeau

The Lewis Group's Six Month Profits Surge

NCO Group's Contingency Collection Revenue Almost Flat

West Corporation Consolidates its Collection Businesses

Cavalry Investments has Record Growth

RevCare Virtually Breaks Even in Third Quarter

CAMCO's Debt Portfolio to be Auctioned Off

InoVision-Medclr Portfolio Group Makes Large Debt Buy

Hudson & Keyse Receives $10 Million Credit Facility

NLEX Hits $5 Billion in Portfolio Sales for Year.

Number 169 - December 2004

Marlin Integrated Capital Buys Call Center in Brazil and Opens Debt Buying Business

Capital Acquisitions & Management Corp Shut Down by Federal Trade Commission

Intrum Justitia Backs Out of "Completed" Irish Acquisition

Marino Steps Aside - Carroll Named CEO at Nationwide Credit

Collection Stocks Hit Peak Again

West Corporation Projects Debt Collection Income for 2005

Asta Funding Blows by Estimates for Fourth Quarter

Collection House's Profits Improve but Revenue Stagnates

Debt Buyer Cabot Financial Outstandings Hit $3.7 Billion

Ocwen Recovery Group's Profits Slip

The Sagres Company Announces Bad Debt Purchase

Carma Financial Gets Into Consumer Collection - Again

Encore Capital Revises Credit Facility

RMG Limited to Raise $4.1 Million in Private Placement

Atlantic Credit & Finance Makes Inc Magazine List

Number 168 - November 2004

President Signs Bill Authorizing IRS to Place Billions But it's Not NIRVANA

Legal & Trade's Irish Collection Agency Unit Acquired by Intrum Justitia

Wescot Credit Services to be Sold for $198 Million

Argent Healthcare Financial Services Acquired by MedAssist

Collection Stocks Are Still Rolling

Robinson Way & Co to Benefit From Acquisition

Account Solutions Group Acquired by ICICI OneSource

SIMM Associates and Advanced Receivable Solutions Merge

Asset Acceptance Capital Group Achieves Record Third Quarter

Encore Capital Group Earnings Soar in Quarter

West Corporation's Collection Business Revenue Hit's $35 Million

Repcol's Net Up 17% for 2004

Portfolio Recovery Services' Biggest Stockholders to get $67 Million

Number 167 - October 2004

Bridgepoint Capital Limited Reportedly Set to Acquire 1st Credit for $125 Million

Sallie Mae Acquires Controlling Interest in Debt Buyer, Arrow Financial Services

Asta Funding Buys Nearly $1 Billion in Bad Debt

E-Debt Files for Litigation

U.S. Industry to lose Biggest Client of All Time?

Collection Stocks Gain it all Back

Intrum Justitia's Earnings Snap Back

Capital Management Services' Revenue to Hit $40 Million

Hoist International's Results Slip in Second Quarter

People on the Move: Di Prinzio Steps Down at Repcol

PARC Makes $129 Million Bad Debt Buy

Touchstone Communications Enters Bad Debt Business

Revenue Falls as Losses Soar at RMG Limited

Ocwen Financial's Collection Business Grows in Quarter

Global Vantedge Opens Second Call Center in India

Number 166 - September 2004

South Africa's Largest Furniture Retailer JD Group Buys Stake In Blake Holdings

Peter Brown Commercial Management Services Is Acquired By Collection House

ISA Internationale Completes Acquisitions

Credit Corp's Net Surges For Year

Former Vice President Quayle Appointed Advisor To Senex

NCO Group's Net Up 40% In Second Quarter

Baycorp Advantage Finishes Year With Gigantic Loss

Standard & Poor's Continues "Strong" Ranking For Arrow Financial Services

Portfolio Recovery Associates'' Quarterly Revenue Tops $28 Million

West Corp Completes Acquisition of Worldwide

Number 165 - August 2004

South Africa's Largest Furniture Retailer JD Group Buys State In Blake Holdings

Peter Brown Commercial Management Services Is Acquired By Collection House

ISA Internationale Completes Acquisitions

Credit Corp's Net Surges For Year

Collection Stocks Slide Back Down

Former Vice President Quayle Appointed Advisor To Senex

Asta Funding Has Record Third Quarter

Asset Acceptance Capital's Net Increases

NCO Group's Net Up 40% In Second Quarter

Baycorp Advantage Finishes Year With Gigantic Loss

Standard & Poor's Continues "Strong" Ranking For Arrow Financial Services

Portfolio Recovery Associates' Quarterly Revenue Tops $28 Million

West Corporation Completes Acquisition of Worldwide

Repcol's Cost Cutting Efforts Pay Off

Linebarger Law Firm Settles Suit

Number 165 - August 2004

International Collections Incorporated Acquired By Credit Insurer Atradius

Worldwide Asset Management To Be Acquired By West Corp For $178 Million

Check Recovery Systems Merges With Sister Companies

Hoist International Shareholders Approved Delisting

Collection Stocks Point Up

Russell 2000 Index Adds Two Bad Debt Buyers

ISA Internationale To Acquire Network Of Collection Firms

AR Resources To Service Bad Debt Buyers

RMG Limited Makes Portfolio Buy

Aktiv Kapital Keeps Belting Out Home Runs

Encore Capital Group's Net Boosted By Revised Collection Projections

Lindorff Picks Up Nordea Outsourcing Deal

Private Equity Firm Eyes Sale Of 1st Credit

Kruk Systemy Inkasso Receives $10 Million Equity Investment

Number 164 - July 2004

First Revenue Assurance Acquired By UK Business Process Outsourcer Vertex

The Government Accounting Office Says Further Study Needed On IRS Plan

Encore Capital Group Retires $1.5 Million Debt

Legal Credit Recovery Corporation Acquired By Carma Financial

Repcol Raises $10.9 Million In Secondary Stock Offering

RevCare's Second Quarter Another Big Loss

Cannock Chase Group Acquires Mandaat

Largest U.S. Government Debt Collection Contractors

Minnesota Sues Two Collection Agencies

Top 25 Highest Paid Public Company Executives

Operating Profits Up 17% At Robinson Way

United Medicorp Has Another Solid Year

Number 163 - June 2004

Capital Acquisitions & Management Corporation Fined $300,000 By FTC Over FDCPA

Asta Funding Ups Credit Facility By $25 Million & Reports Record Profit

Intrum Justitia - IT'S OVER REALLY!

Encore Capital Group's Revenue Increases 51%

FTC Fines May Increase FDCPA & FCRA Fines

HOIST International Loses Money Again

Ocwen Financial's Collection Business Boosts Revenue

Robinson Way's Top Executive Earns 26% More In 2003

Asset Acceptance Capital Corp Posts Loss In Quarter

Carma Financial Services Squeaks Out Small Profit

Florida Fines Two Collection Agencies

The Lewis Group Has Excellent Year

Collection House Under Investigation

Number 162 - May 2004

Encore Receivable Management To Be Acquired By Convergys For $68 Million

NCO Hit By FTC With Largest Fine Ever For Fair Credit Reporting Violations

Portfolio Recovery Associates Earnings Up 33%

Collins Financial Services To Raise $25 Million In Stock Sale

Collection Stock Rally Ends

Commercial Agency Revenue Assurance Partners Launched

IntelliRisk Management Corporation Undergoes $165 Million Refinancing

Collection House Has Strong First Half

Cavalry Investments Increases Collections By 67%

Focus Receivable Management Targets Commercial Collections

Endeavor Financial Makes Portfolio Buys

Number 161 - April 2004

Asset Acceptance Capital Corporation Get $15 Per Share In Stock Offering

Debt Buyer Cabot Financial Holdings Sold For $182 Million In Management Buyout

B-Line Receives $51 Million Investment From Private Equity Firm

Stocks Rally With No End In Sight

trial For Finance Credit Cofounder Get Under Way

RMG Limited Still Spiraling Out Of Control

Net Income Doubles At Asta Funding

Encore Capital Group Has Banner Year

Baycorp Advantage Obliterates Its P&L Yet Again

The English Patient Throws Intrum Justitia For A Loss

Number 160 - March 2004

Australia's Repcol Limited Raises Nearly $11 Million In Secondary Stock Offering

NCO Group To Acquire RMH Teleservices & Net Earnings Up Only Slightly For Year

Portfolio Recovery Associates Firmly Establishes Itself As Financial Powerhouse

Ocwen Financial's Collection Business Earnings Soar For Year

HOIST International's Fourth Quarter Is A Disaster

Asta Funding Splits 2 For 1 & Reports First Quarter Results

Worlds Richest Shipping Tanker Tycoon Ups Stake In Aktiv Kapital

Canadian Bonded Credit Calls Debtors All Night Long

Private Equity Fund Consolidating Nordic Market

Number 159 - February 2004

FINOVA Portfolio Services Acquired By Bad Debt Buyer EMCC

British Bad Debt Buyer EquiDebt Completes $27 Million Funding Deal

Portfolio Recovery Associates Opens New Facility For Agency Unit

NCO Group & NCO Portfolio Management Agree To Merge

Collection Stocks: Up, Up & Away

HOIST International Buys German Bad Debt Portfolio

Scoliere & Associates Acquired By Linebarger Goggan

First Quarter Earnings Explode At Asta Funding

Risk Management Alternatives To Partner With Capital Financial Group

Financial Management Systems Opens Call Center

Repcol Lands Forward Flow Contract With GE Capital

Massachusetts Orders The Cadle Company To Cease Collections In State

Carma Financial Services Grants President Stock

RMG Limited's Losses Surge In First Half

Number 158 - January 2004

Diversified Collection Services Receives $167 Million Recapitalization

AllianceOne Acquires Canada's TCH Group In Third Acquisition Deal Of 2003

Nelnet Acquires 50% Stake In Premiere Credit Of North America

STA International Acquires APCO Credit Service

Collection Stocks Still Surging

Drakes Group Borrows $7.3 Million To Fund Acquisitions

Ocwen Financial's Collection Business Stokes Profits

Robinson Way's Profits Up 23% For Year

Aktiv Kapital Establishes $200 Million Loan Facility

Earnings For Year Up 12% At Asta Funding

Carma Financial Has Weak Second Quarter

Collection House Expects Improvement In 2004

Repcol Has Record Quarter