Apollo Enterprise Solutions LLC, the
leading provider of web-based payment and collection technology, announced
today that it has entered into an exclusive strategic partnership with Card
Acquisition, LLC
This partnership will
provide debtors access to Card Acquisition's already successful The Affirm
CardR Balance Transfer Program through Apollo's web-based Intelligent Debt
Solutions(TM) (IDS(TM)) system. This combination of these industry-leading
collection tools is expected to increase the recovery and netback to
portfolio owners up to 30% or more, while reducing the cost of collections
by as much as 60%.
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Card Acquisition Venture Receives $10 Million Facility for Debt Purchases
Nicollet Capital Partners LLC (NCP) announces the closing of a $10
million debt purchase facility by a Card Acquisition, LLC sponsored
joint venture. The facility will be used to acquire, or acquire
interests in, portfolios of non-performing consumer debt.
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Card Acquisition, LLC Announces New Credit Facility
December 1, 2004 - Sioux Falls, SD - Card Acquisition, LLC recently completed a new credit facility through Nicollet Capital Partners LLC (NCP). Terms of the transaction were not disclosed. The credit facility will be used to acquire portfolios of non-performing consumer debt.
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Nicollet Capital Partners LLC Makes Investment in Debt Buyer Card Acquisition, LLC
August 12, 2004 - Minneapolis, MN - Nicollet Capital Partners LLC (NCP) announced that they have acquired a significant equity stake in debt-buying firm and credit card originator, Card Acquisition, LLC. Terms of the transaction were not disclosed.
Read entire press release»
"Thriving in an Opportunistic Industry"
Michael Philippe finds a need for debt recovery services in an evolving market. Read entire article»
This article originally appeared in the October 2004 issue of Collector magazine, the official publication of ACA International, the Association of Credit and Collection Professionals. For additional information, visit www.acainternational.org, call +1(952) 926-6547 or e-mail ACA at aca@acainternational.org.
© 2004 ACA International. All rights reserved.
This article is the copyrighted work of ACA International and is reprinted here with the express written permission of ACA International. Further republication, redistribution, copying or dissemination in any manner, by any medium, without the express written permission of an authorized representative of ACA is prohibited.
