| 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 25 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following traditional and outdated methodologies for placements and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
$900,000,000.00 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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