The Sagres Company Expanding Third Party Collection Platform

http://www.insidearm.com/news/00038056-the-sagres-company-expanding-third-party-/

San Diego – The Sagres Company, a buyer and seller of distressed consumer debt, is actively expanding its platform of third party contingent debt collectors and collection law firms as part of its growth strategy.

Sagres anticipates that charged-off consumer debt will increase substantially in the market between Q4 2010 and Q1 2011. The Company has been positioning capital sources and expanding its infrastructure to exploit both the existing and anticipated opportunities available in the purchase of significant portfolios of debt.

Sagres has recently hired Mr. Peter Barkman to manage its external third party collection platform.

The Company works with small to midsize collection agencies to collect on its national portfolios. This program requires that select agencies have real time on-line access to evaluate accounts as well as on-line payment options for customers.