Sagres Company Acquires $200 Million in Distressed Debt Portfolios in September

The Sagres Company announced today that in September the company purchased several portfolios of distressed consumer receivables, totaling approximately $200 million.

Tom Ferris, Chief Executive Officer, said, “The company’s commitment to the Professional Practices Management System (PPMS) has allowed us to build a post-sale operations department that can be considered the standard for the industry.” Ferris believes this is an effective tool for building long-standing relationships with credit issuers.

“We have committed significant time, money, and interest in PPMS and the post-sale process. When you put sound policies and procedures in place, creditors know that they can then focus on their most profitable functions after the sale,” Ferris explains.

The Sagres Company is positioned to exceed its 2006 revenue goal and expects to experience its third record-setting year in a row. Sagres plans to continue its purchasing strategy by continuing to build long-standing relationships with credit issuers.