Debt collectors are hardly popular, but the reality is that they fill
a critical niche in the credit cycle and ultimately keep rates lower
than they would otherwise be. Not surprisingly, the housing crunch and
the resulting recession created a flood of defaulted receivables for Portfolio Recovery Associates (PRAA) to buy.
Now,
though, delinquencies are falling and U.S. households continue to
deleverage. Can Portfolio Recovery continue to thrive by expanding its
operations in areas like legal collections and bankruptcy and by
out-executing the competition with better pricing discipline and
operational excellence?
Please continue reading here:
Can Portfolio Recovery Associates Keep Up An Impressive Run?
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