Streamline Capital Designates Portfolio Management Group as Exclusive Sales Agent

Purchasers of debt will now find it easier to source from a reputable company.  Chicago-based debt investor, Streamline Capital Partners, announced a formal alliance designating the leading debt marketing firm, Portfolio Management Group (PMG), as their sole sales agent.

Brian Glass, managing member of Streamline, said, “The principals of PMG, John and Jason Pratt, are leaders in the industry, have more than 20 combined years of experience and are highly regarded by the debt purchasing community.  This alliance will be an avenue for debt buyers to purchase a higher quality of debt, through a well-respected and reputable source.” 

Streamline has established a forefront position in the industry and was recently recognized as one of the nation’s top 20 debt purchasers by the trade magazine “Collections and Credit Risk.”  Founded in 2003, Streamline has purchased more than 100 portfolios of charged-off consumer debt consisting of accounts from well-known credit issuers such as Chase, Citibank, and Discover.  Streamline pursues recovery of these accounts through its litigation strategy, and PMG will now re-market those accounts that do not fit its legal model.

Jason Pratt agreed that reputation is important when selling a debt portfolio.  “Without a solid, trustworthy network in place, debt sellers often find themselves forced to stockpile accounts or sell them for less than they’re worth,”  Indeed, since its inception in 2003, PMG has developed an extensive network, advising on over $800 million in debt transactions since late 2007, for some of the largest debt buyers in the industry. 

Streamline has consulted with PMG on its debt sales since 2003.  “We have been working with the Pratts for over five years, and this alliance is the natural progression of our consulting, training, and sales relationship,” said Glass.