Security Credit Exceeds Expectations and Raises over $24 Million of Investment Funds in 2009 to Purchase Approximately $750 Million of Delinquent Receivables

Security Credit Services buys delinquent receivables and is managing the collection process for over $1 billion of delinquent receivables from the nation's most respected creditors. Through internal and external collection cycles, Security Credit Services strategically works and places the debt into national licensed and bonded collection channels. Their experience and trusted partnerships allow them to develop portfolios to a most profitable conclusion.

Trends in today's economy find some financially squeezed borrowers have begun paying their credit card and car bills before their mortgages, according to Experian and Equifax credit bureaus. That's because some consumers owe more on their home than it's worth, so they may be giving up on their mortgage and paying their credit card and car loan to get by, says Mark Zandi, chief economist at Moody's Economy.com. (1)

Security Credit Services recognizes that the current trends in the economy work in their favor. The fact that consumers want to pay off their debt now more than ever is a great opportunity. Credit card companies are just looking for a reason to lower your card limit or raise your interest rate. "The interest is draining disposable income from savings or taxes, investments or just to take a vacation," says Adam Levin, founder of credit.com. (2) These facts tend to support the efforts of Security Credit Services.

In the first investor pool of 2009, Security Credit Services, LLC was able to raise over $24 million. The list of investors that are selected to participate are developed exclusively from referrals of existing investors. Security Credit Services does not take for granted the success they have generated to date. The attention to detail and the level of management has been critical in the steady growth that has been generated.

In the upcoming months, Security Credit Services will start to utilize the services of hundreds of employees to collect millions of dollars worth of this country's debt. Security Credit Services' team of professionals has proven that their strategies and investment tactics have worked.

For further information regarding Security Credit Services, please contact James Price @ 404-428-9972.

(1) USA Today - April 2009

(2) Commercial Appeal - April 2009

Security Credit Services, LLC
Media Contact
James Price, 404-428-9972
jprice@priceandpartners.com