| Crown Asset Management, LLC was formed as a Georgia
Limited Liability Company in January 2004. The managing members of Crown Asset
Management have varied backgrounds in the receivables management and debt-purchasing
industry accounting for 40 years shared experience. This extensive experience
in acquiring, collecting, and liquidating consumer debt has enabled Crown to thrive
in a highly competitive marketplace.
Crown employs a three-pronged approach to maximize the potential of each debt
portfolio. Prior to purchase, each potential portfolio is run through a battery
of analytical tests to determine potential liquidation. Determining the proper
purchase price is vital to achieving proper returns throughout the lifecycle of
each portfolio. Crown manages the outsourcing of collections to a select group
of collections agencies and law firms throughout the country. By understanding
the unique characteristics of each portfolio and not following traditional and
outdated methodologies for placements and recalls maximum liquidation can be realized.
Finally, Crown selectively sells certain accounts to interested buyers to enhance
the end or life value of each purchase.
Since inception, Crown has purchased in excess of $1,500,000,000 in delinquent
consumer receivables from numerous issuers. The members of Crown maintain the
highest level of diligence in the receivables management profession. The company
holds memberships in the Debt Buyers Association, ACA International (The Association
of Credit and Collection Professionals), the ACA Asset Buyers Division, and National
Association of Retail Collection Attorneys. In addition to general liability business
coverage, Crown maintains a professional liability insurance policy specific to
the debt management industry.
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