MINNEAPOLIS, MN – ACA International, the association of credit and collection professionals, recently held the second annual meeting of its Asset Buyers Program (ABP), the Year-End Debt Sales Roundup, with improved networking and seminar features.
Held November 6-8 at Chicago?s InterContinental Hotel, the 2003 event doubled the attendance of the first Roundup, with 122 ABP members, debt sellers and other interested individuals.
The jump in attendance is testimony to the booming growth of the debt purchasing market. The Federal Trade Commission states there were 5 sellers of delinquent receivables in 1992?that number is projected to have grown to 300 by 2005.
The ?movers and shakers? of this thriving market were represented at the Roundup, including some of the top debt buyers such as Asset Acceptance, Unifund Group, and Arrow Financial Services. Attendees also took advantage of the portfolio exchange session which contained a pool of assets with a total face value of nearly $840 million.
Putting special emphasis on networking opportunities, ABP included an evening reception at the hotel and a late dinner at the Smith & Wollensky steakhouse on the Chicago River.
The debut of an interactive Q&A panel discussion was also a welcome addition to the Roundup.
The 2004 Year-End Debt Sales Roundup will also be held in Chicago, and in November, with exact dates yet to be determined.
ACA International, formerly known as the American Collectors Association, is the association of credit and collection professionals. Founded in 1939, ACA International has approximately 5,300 members, including third-party collection agencies, attorneys, credit grantors and vendor affiliates. Headquartered in Minneapolis, ACA International serves members in the United States, Canada and 58 other countries worldwide. For more information on ACA International visit www.acainternational.org.
