Bridgepoint

The company has two distinct activities: it purchases non-performing debt from companies at a discount to face value and then uses its bespoke collection methodologies to recover outstanding debt from individual account holders. 1st Credit also collects unpaid debts on behalf of companies, typically being paid a fixed percentage commission from the debt it recovers. In 2007 1st Credit took its first step in its expansion strategy into Continental Europe with the acquisition of a 35% stake in Spain’s largest debt collection company, Reintegra. This represents a significant opportunity to build a leading position in one of Europe’s most attractive markets and to begin a second pillar of growth outside its domestic market. To learn more about the company, visit www.1stcreditltd.com