Company Performance Metrics
Creditrust is in the business of acquiring, managing and collecting accounts of delinquent consumer Receivables. Acquired Receivables are composed of obligations of customers located throughout the United States. The Receivables acquired by the Company primarily consist of individual VISA-Registered Trademark-, MasterCard-Registered Trademark- and
private label credit card accounts and consumer loan accounts issued by Originating Institutions, such as major banks and merchants. Most of these Receivables have been charged-off by the Originating Institution. Due to its ability to acquire large portfolios of Receivables, Creditrust provides Originating Institutions with an opportunity to recoup a portion of amounts that already have been charged-off. To date, the Company has acquired control over or purchased in excess of $1.4 billion in Receivables, as measured by the balance charged-off by the Originating Institutions. Since its inception, the Company has collected in excess of $35 million on Receivables.
