Midland Credit Management Announces Sales Program

After acquiring over $15 billion in portfolio during the firm?s history, including $3 billion in 2001, Midland Credit (a wholly-owned subsidiary of Encore Capital Group, Inc. (“ECPG”), a publicly traded company) continues to be an innovator in the management and recovery of charged-off credit card receivables. In order to continue to facilitate consistent growth, Midland has decided to expand its business model to include selling of purchased consumer debt portfolios.

Today, MCM introduced Michael Taulbee as the new Portfolio Sales Manager. His responsibilities include execution of Midland?s sales strategy and developing long-term relationships with key portfolio buyers. Midland is looking to sell accounts to select companies in the hope of entering into a mutually profitable and beneficial arrangement.

?Mr. Taulbee was selected for his unique ability to address prospective client?s account needs and requirements,? said Carl Reyes, Director of Portfolio Acquisitions & Sales. ?We are excited to offer the benefits of a disciplined purchasing strategy, coupled with a fully staffed and knowledgeable support team.?