Michael J. Philippe, president of Card Acquisition, LLC, guides the company with the unique insight of an industry veteran and the financial experience necessary to be both strong and agile in an opportunistic market segment.
Philippe has more than 20 years of experience in corporate finance and the securitization of consumer receivables. He worked for one of the world's largest banks and helped several public and private companies securitize and finance billions of dollars in consumer receivables including credit cards, auto loans and manufactured housing.
Philippe has specialized in the distressed consumer debt and credit card business for the past six years during which, Philippe and his associates acquired and financed over $8 billion of distressed consumer debt. Philippe also securitized and sold over $100 million in new performing credit card receivables generated from the balance transfer process.
