Jacksonville, FL – Enhanced Recovery Corporation, a leading consumer receivables collection agency announced that through its purchasing arm, Enhanced Asset Management, it has acquired a portfolio of distressed consumer receivables totaling approximately $187 million. The pool was acquired at substantial discounts to its face value.
Mark Thompson, CEO of ERC and EAM, stated, ?With the assistance of our contingency clients and well capitalized investment partners, ERC and EAM continue to fuel its growth through contingency collections and disciplined portfolio acquisitions.?
About Enhanced Recovery Corporation & Enhanced Asset Management
Based in Jacksonville, FL, Enhanced Recovery Corporation is a leading consumer collection agency and receivables asset management company specializing in traditional contingency collections as well as the purchase, liquidation and management of performing and non-performing consumer receivables. ERC and EAM generate revenues and earnings primarily through contingency collections and purchases of non-performing consumer receivables.
