Collections & Credit Risk

Deals & Pricing

• Credit Unions' Card Portfolio Sales Soar

  PaymentsSource | March 3

  Credit unions sold 22 credit card portfolios last year and the total asset value of those portfolios more than tripled, according to consulting firm TRK Advisors.

• Credit Card Sales Tank In 2009

  CardLine | March 3

  Credit card portfolio sales, which dwindled sharply last year as the economy retracted, will remain stagnant for at least another year, one analyst says.

• Portfolio Recovery Associates Closes Stock Offering

  Collections & Credit Risk | February 23

  Portfolio Recovery Associates Inc., a publicly owned debt buyer based in Norfolk, Va., announced Monday the closing of a $75.5 million public stock offering.

• Asset Acquisition Group Buys $240 Million Large Bank Portfolio

  Collections & Credit Risk | February 16

  The delinquent debt deal is one of the largest purchases for the Denver-based company since it opened in 1992.

• Knauf Leads Debt Buyers Through Legislative, Economic Challenges

  Collections & Credit Risk | February 12

  Roger Knauf, executive director of DBA International, reflects on his career and his time leading the debt-buying association. The group's 13th annual conference concluded Thursday.

• Debt Buyer Reports Q4 Gains, Record Collections

  Collections & Credit Risk | February 11

  Portfolio Recovery Associates Inc. reported record cash collections and a jump in collector productivity in the fourth quarter.