Card Acquisition, LLC Announces New Credit Facility for Debt Purchases

Sioux Falls, SD ? Card Acquisition, LLC recently completed a new credit facility through Nicollet Capital Partners LLC (NCP). Terms of the transaction were not disclosed. The credit facility will be used to acquire portfolios of non-performing consumer debt.

Founded in 2002, Card Acquisition acquires portfolios of non-performing consumer debt for cash and through its RecoverCard® Program in partnership with other debt buyers. The company?s primary debt recovery method centers on an approach that allows debtors to resolve their old debt obligation by transferring the settlement amount to a newly issued credit card.This unique approach is consumer friendly and is designed to provide the consumer with a new financial tool while resolving their old debt.