Account Portfolio Management, LLC Receives $10 million Financing Facility to Purchase Debt

Debt purchaser Account Portfolio Management, LLC (APM) yesterday announced the signing of $10 million in financing to facilitate the purchase of charged-off consumer receivables. The financing came from a private equity source. APM is the debt buying arm of vCollect Global, Inc., a national debt collection agency. Formed about two months ago, APM has been […]

Minnesota Government Agency Picks Two Collection Firms

The Minnesota Workers’ Compensation Assigned Risk Plan (MWCARP) has chosen two collection agency vendors as a result of its request for proposal process earlier this year. The vendors selected were The Affiliated Group (TAG) and Joseph, Mann & Creed (JMC). MWCARP is the source of workers’ compensation and employers’ liability coverage for Minnesota employers who […]