Atlantic Credit & Finance

Name

Atlantic Credit & Finance

Legal name

Atlantic Credit & Finance Special Finance Unit, LLC

Website

https://atlanticcreditfinance.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Consumer Debt Collection

NAICS

Activities Related to Credit Intermediation (5223)

SIC

Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

Debt Buying & Portfolio Acquisition (Charged-Off Receivables) (FSAKAJAC)

Keywords

• Consumer debt collection
• Charged-off debt servicing
• Debt portfolio management
• Receivables management
• Debt recovery services

Headquarters

HQ city

Roanoke

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Debt Collection Services: Atlantic Credit & Finance generates revenue through debt collection activities on owned portfolios of charged-off consumer credit accounts. The company acquires or owns accounts and engages Midland Credit Management to service and collect on these accounts. Revenue is generated through successful debt recovery, typically on a contingency or commission basis.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Atlantic Credit & Finance is a servicer of unsecured, consumer-distressed assets. The company owns and services portfolios of charged-off consumer credit accounts through two Special Finance Unit LLC entities, partnering with Midland Credit Management (MCM) for all customer-facing account servicing operations including payments, account inquiries, and debt resolution.

Product overview

Atlantic Credit & Finance is a single-product financial services company specializing in debt portfolio ownership and servicing. The company operates two Special Finance Unit LLC entities that own defaulted consumer credit accounts, while partnering with its affiliate Midland Credit Management (MCM) for all account servicing operations. MCM provides the customer-facing platform for payments, account management, and customer support, effectively functioning as the operational sub-brand for Atlantic Credit & Finance.

Differentiator

Problem solved

Functional benefit

Products and services

• Charged-Off Consumer Debt Servicing Debt collection and account servicing for charged-off consumer credit accounts owned by Atlantic Credit & Finance through its Special Finance Unit entities. Consumers with outstanding credit obligations work with the company to resolve their debts via payments, settlement plans, and account management through the servicing partner Midland Credit Management.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Midland Credit ManagementcoreStrategic or Co-development PartnerAtlantic Credit & Finance has partnered with Midland Credit Management to service its accounts. The partnership involves MCM handling all account servicing operations including customer communications, payment processing, account inquiries, and debt collection activities. Atlantic Credit & Finance (through its entities Atlantic Credit & Finance Special Finance Unit, LLC and Atlantic Credit & Finance Special Finance Unit III, LLC) owns the accounts while MCM services them. Previously, accounts were serviced directly by Atlantic Credit & Finance, Inc. but have been transitioned to MCM's servicing platform.

Recent moves4 records

Broad incumbents

• Encore Capital Group: Encore Capital Group is the parent company of Midland Credit Management (Atlantic Credit & Finance's servicing partner) and a leading global specialty finance company focused on charged-off consumer receivables. Highly comparable as the parent organization in the same debt-buying and recovery ecosystem.

Direct peers

• Midland Credit Management: MCM is the exclusive servicing partner for Atlantic Credit & Finance and a major US debt buyer/collector. Directly comparable as a consumer debt collection and portfolio acquisition company operating in the same space.
• PRA Group: PRA Group is one of the largest global acquirers and collectors of nonperforming loans, purchasing charged-off consumer receivables from banks and credit issuers. Comparable business model of buying and collecting on distressed consumer debt portfolios.
• Portfolio Recovery Associates: PRA (now PRA Group) purchases and collects defaulted consumer receivables, primarily credit card debt, from major financial institutions. Highly comparable as a pure-play charged-off debt buyer and servicer.
• Performant Financial Corporation: Performant provides technology-enabled recovery and related services for defaulted consumer receivables, primarily student loans and healthcare. Comparable as a consumer debt collection services provider with similar regulatory exposure.
• Convergent Outsourcing: Convergent Outsourcing is a third-party collection agency and receivables management firm serving consumer and commercial credit. Comparable as a contingency-based debt collection service provider.
• Sherman Financial Group: Sherman Financial Group is a privately held consumer receivables company that purchases and services charged-off credit card debt. Directly comparable as a private debt buyer in the consumer receivables space.
• SquareTwo Financial: SquareTwo Financial (now part of ARCO) purchases and collects on charged-off consumer credit portfolios. Comparable as a debt-buying entity focused on distressed consumer receivables recovery.
• LVNV Funding: LVNV Funding is a subsidiary of Sherman Financial Group that purchases and collects on distressed consumer receivables, primarily credit card debt. Comparable as a portfolio acquisition vehicle in the same industry.

Emerging players

• National Credit Adjusters: National Credit Adjusters is a privately held debt collection agency providing third-party recovery and portfolio purchasing services. Comparable as a consumer-focused collection services provider.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• Xx.com/atlanticcredfin

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Atlantic Credit & Finance