Encore Capital Group is a leading provider of debt management and recovery solutions for consumers and property owners across a broad range of assets. Through its subsidiaries, the company purchases portfolios of consumer receivables from major banks, credit unions, and utility providers, and partners with individuals as they repay their obligations and work toward financial recovery. Through its Propel Financial Services subsidiary, the company assists property owners who are delinquent on their property taxes by structuring affordable monthly payment plans.
Success in our business hinges on understanding, measuring, and predicting financially distressed consumer behavior, and we have invested heavily to build one of the industry’s strongest analytic platforms focused on this demographic segment. Encore’s success and future growth are driven by its sophisticated and widespread use of analytics, its broad investments in data and behavioral science, the significant cost advantages provided by its highly-efficient operating model and proven investment strategy, and the company’s demonstrated commitment to conducting business ethically and in ways that support its consumers’ financial recovery. Headquartered in San Diego, Encore is a publicly traded NASDAQ Global Select company (ticker symbol: ECPG) and a component stock of the Russell 2000, the S&P SmallCap 600, and the Wilshire 4500.
Our Company’s operations include sites in San Diego, CA, Phoenix, AZ, St. Cloud, MN, San Antonio, TX, New Delhi, India, and San Jose, Costa Rica. We currently have over 2,400 employees worldwide, and possess a large third-party network of collection agencies and litigators throughout the United States.
Our Propel Financial Services subsidiary focuses primarily on the property tax financing industry. Based in San Antonio, it is the largest property tax finance company in Texas. Propel’s customers appreciate its competitive rates, flexible terms, and ability to fund deals quickly.