In yesterday?s ?Motley Fool Take? section on popular investment advice web site The Motley Fool, senior editor for investing Bill Mann took the time to acknowledge the useful and relevant information he receives from CollectionIndustry.com?s Credit & Collection Daily™. (click here to read the article)
The whole thing started when CollectionIndustry.com contributing columnist Bill Lindala emailed Mann regarding a story he had written on the recent Providian collection call center closing in Louisville, KY. Mann had suggested that the call center closing might have been a result of the company?s move away from sub-prime accounts and their desire to consolidate call centers in the light of higher credit quality. Lindala pointed out that Providian might have something else up their sleeve: a possible merger or buyout.
Lindala?s prescience was born out yesterday when news broke of Barclay?s interest in Providian. While nothing concrete has materialized, deal-wise, it certainly seems that Providian may be getting ready to announce some big news concerning the ownership of their company. In addition to Barclay?s reported interest, British insurance firm Lloyd?s appears to have spoken with Providian concerning a possible purchase.
It certainly warms our hearts here at CollectionIndustry.com to see others in the media recognize our ultimate mission: to provide the credit and collection industry a free yet top-of-class resource for news, information and current trends in consumer credit, technology and collections.
To read Bill Lindala?s current column in Agency News, click here. The February issue of Agency News will be published on Thursday of this week.
