Encore Capital Group Inc., through its subsidiaries, is an international specialty finance company, with operations spanning seven countries, providing debt recovery solutions for consumers and property owners across a range of financial assets. The Company purchases portfolios of defaulted consumer receivables at deep discounts to face value and manages them by partnering with individuals as they repay their obligations and work toward financial recovery. The Company conducts business through two reportable segments: portfolio purchasing and recovery and tax lien business. The Company�s portfolio purchasing and recovery segment purchases receivables based on robust, account-level valuation methods and employs statistical and behavioral models. The Company�s tax lien business segment focuses on the property tax financing industry.