This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE! And Encore Capital Group Partner To Promote Consumer Financial Recovery

Stocks in this article: ECPG

LOS ANGELES and SAN DIEGO, Dec. 3, 2012 /PRNewswire/ -- Personalized financial motivation company and Encore Capital Group, the leader in consumer debt buying and recovery, announced today the formation of a strategic partnership to provide's services to the 34 million distressed consumers Encore works with, each of whom owes one or more unsecured debts (serviced by wholly-owned Encore subsidiary Midland Credit Management).

The Federal Reserve estimates that U.S. consumers held unsecured debt totaling $2.6 trillion in 2011, a number that is projected to grow in coming years. Consumers are increasingly looking for robust and reliable tools to help them manage their household budgets and financial obligations.

"We take pride in the role we play in helping consumers fairly and flexibly meet their financial obligations, and our partnership with will provide us with another tool to better meet their needs," said Brandon Black, Encore's chief executive officer. "We're excited to be working with the team to deepen our understanding of how we can help people more effectively take the positive steps that lead to financial recovery." provides a free, web-based service that allows consumers to view all of their financial information in one place. It encourages users to set personal financial goals, and offers motivational strategies and rewards when they make progress. Moreover, awards cash, called "Sur-Prizes," to people who have won badges, and employs social tools to make financial management fun.

"Our site is meant to guide people from an aspirational perspective and reward their financial progress," says Scott Saunders, chief executive officer and founder. "Given that Encore has a relationship with 1 in 9 American consumers, this partnership provides our company a unique opportunity to reach a broad spectrum of people with ways to better manage their finances."

The partnership will also support research spearheaded by Encore's Consumer Credit Research Institute (CCRI).  The organization, which is the first of its kind in the industry, is dedicated to better understanding consumer financial decision-making, promoting financial literacy, and developing innovative ways to support household financial recovery. You can learn more about CCRI's work at

"Not only is's platform very well designed, it's also the best example we've seen of an online application that uses behavioral economics to responsibly guide members' spending decisions," said Dr. Christopher Trepel, Encore's chief scientific officer and CCRI managing director.

Encore will promote the website through its marketing materials to consumers and its website. It is free for consumers to participate in the program.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs