<SUBMISSION>
<ACCESSION-NUMBER>0000030697-03-000191
<TYPE>4
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20031016
<FILING-DATE>20031020
<ISSUER>
<COMPANY-DATA>
<CONFORMED-NAME>ENCORE CAPITAL GROUP INC
<CIK>0001084961
<ASSIGNED-SIC>6153
<IRS-NUMBER>481090909
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<BUSINESS-ADDRESS>
<STREET1>5775 ROSECOE COURT
<CITY>SAN DIEGO
<STATE>CA
<ZIP>92123
<PHONE>8007590327
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>5775 ROSCOE COURT
<CITY>SAN DIEGO
<STATE>CA
<ZIP>92123
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>MCM CAPITAL GROUP INC
<DATE-CHANGED>19990430
</FORMER-COMPANY>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>MIDLAND CORP OF KANSAS
<DATE-CHANGED>19990423
</FORMER-COMPANY>
</ISSUER>
<REPORTING-OWNER>
<OWNER-DATA>
<CONFORMED-NAME>NELSON PELTZ
<CIK>0000928265
</OWNER-DATA>
<FILING-VALUES>
<FORM-TYPE>4
<ACT>34
<FILE-NUMBER>000-26489
<FILM-NUMBER>03947934
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>900 THIRD AVE
<CITY>NEW YORK
<STATE>NY
<ZIP>10022
<PHONE>2122303000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>900 THIRD AVE
<CITY>NEW YORK
<STATE>NY
<ZIP>10022
</MAIL-ADDRESS>
</REPORTING-OWNER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>pel10.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
	<periodOfReport>2003-10-16</periodOfReport>
	<notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0001084961</issuerCik>
        <issuerName>ENCORE CAPITAL GROUP INC</issuerName>
        <issuerTradingSymbol>(ECPG)</issuerTradingSymbol>
	</issuer>
	<reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000928265</rptOwnerCik>
            <rptOwnerName>NELSON PELTZ</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O TRIARC COMPANIES, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>280 PARK AVENUE</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10017</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
			<isDirector>1</isDirector>
			<isOfficer>0</isOfficer>
			<isTenPercentOwner>1</isTenPercentOwner>
			<isOther>0</isOther>
		</reportingOwnerRelationship>
	</reportingOwner>
	<nonDerivativeTable>
		<nonDerivativeTransaction>
			<securityTitle>
				<value>Common Stock</value>
			</securityTitle>
			<transactionDate>
				<value>2003-10-16</value>
			</transactionDate>
			<deemedExecutionDate>
			</deemedExecutionDate>
			<transactionCoding>
				<transactionFormType>4</transactionFormType>
				<transactionCode>S</transactionCode>
				<equitySwapInvolved>0</equitySwapInvolved>
				<footnoteId id="F1"/>
			</transactionCoding>
			<transactionAmounts>
				<transactionShares>
					<value>128120</value>
				</transactionShares>
				<transactionPricePerShare>
					<value>11.00</value>
				</transactionPricePerShare>
				<transactionAcquiredDisposedCode>
					<value>D</value>
				</transactionAcquiredDisposedCode>
			</transactionAmounts>
			<postTransactionAmounts>
				<sharesOwnedFollowingTransaction>
					<value>1497988</value>
				</sharesOwnedFollowingTransaction>
			</postTransactionAmounts>
			<ownershipNature>
				<directOrIndirectOwnership>
					<value>I</value>
				</directOrIndirectOwnership>
				<natureOfOwnership>
					<value>By Ltd Partnership</value>
					<footnoteId id="F2"/>
					<footnoteId id="F3"/>
				</natureOfOwnership>
			</ownershipNature>
		</nonDerivativeTransaction>
		<nonDerivativeTransaction>
			<securityTitle>
				<value>Common Stock</value>
			</securityTitle>
			<transactionDate>
				<value>2003-10-16</value>
			</transactionDate>
			<deemedExecutionDate>
			</deemedExecutionDate>
			<transactionCoding>
				<transactionFormType>4</transactionFormType>
				<transactionCode>S</transactionCode>
				<equitySwapInvolved>0</equitySwapInvolved>
				<footnoteId id="F4"/>
			</transactionCoding>
			<transactionAmounts>
				<transactionShares>
					<value>123409</value>
				</transactionShares>
				<transactionPricePerShare>
					<value>11.00</value>
				</transactionPricePerShare>
				<transactionAcquiredDisposedCode>
					<value>D</value>
				</transactionAcquiredDisposedCode>
			</transactionAmounts>
			<postTransactionAmounts>
				<sharesOwnedFollowingTransaction>
					<value>1901590</value>
				</sharesOwnedFollowingTransaction>
			</postTransactionAmounts>
			<ownershipNature>
				<directOrIndirectOwnership>
					<value>I</value>
				</directOrIndirectOwnership>
				<natureOfOwnership>
					<value>By Madison West</value>
					<footnoteId id="F2"/>
					<footnoteId id="F5"/>
				</natureOfOwnership>
			</ownershipNature>
		</nonDerivativeTransaction>
		<nonDerivativeHolding>
			<securityTitle>
				<value>Common Stock</value>
			</securityTitle>
			<postTransactionAmounts>
				<sharesOwnedFollowingTransaction>
					<value>581310</value>
				</sharesOwnedFollowingTransaction>
			</postTransactionAmounts>
			<ownershipNature>
				<directOrIndirectOwnership>
					<value>I</value>
				</directOrIndirectOwnership>
				<natureOfOwnership>
					<value>By Nelson Peltz Children's Trust</value>
					<footnoteId id="F2"/>
					<footnoteId id="F6"/>
				</natureOfOwnership>
			</ownershipNature>
		</nonDerivativeHolding>
		<nonDerivativeHolding>
			<securityTitle>
				<value>Common Stock</value>
			</securityTitle>
			<postTransactionAmounts>
				<sharesOwnedFollowingTransaction>
					<value>101275</value>
				</sharesOwnedFollowingTransaction>
			</postTransactionAmounts>
			<ownershipNature>
				<directOrIndirectOwnership>
					<value>I</value>
				</directOrIndirectOwnership>
				<natureOfOwnership>
					<value>By Triarc</value>
					<footnoteId id="F2"/>
					<footnoteId id="F7"/>
				</natureOfOwnership>
			</ownershipNature>
		</nonDerivativeHolding>
	</nonDerivativeTable>
	<footnotes>
		<footnote id="F1">In connection with an underwritten public offering of the Issuer's common stock that closed on October 1, 2003 (the Offering), the Peltz Family Limited Partnership (the Limited Partnership) granted to the underwriters an overallotment option to acquire up to 128,120 shares of the Issuer's common stock from the Limited Partnership, exercisable at any time within 30 days of the closing.  On October 16, 2003, the underwriters exercised that overallotment option and agreed to acquire all of such shares.  The closing of such sale is scheduled for October 21, 2003.</footnote>
		<footnote id="F2">The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.</footnote>
		<footnote id="F3">All such shares are held by the Limited Partnership, an entity in which Mr. Peltz is a general partner.</footnote>
		<footnote id="F4">In connection with the Offering, Madison West Associates (Madison West), a wholly-owned subsidiary of Triarc Companies, Inc. (Triarc), granted to the underwriters an overallotment option to acquire up to 123,409 shares of the Issuer's common stock from Madison West, exercisable at any time within 30 days of the closing.  On October 16, 2003, the underwriters exercised that overallotment option and agreed to acquire all of such shares.  The closing of such sale is scheduled for October 21, 2003.</footnote>
		<footnote id="F5">All such shares are held by Madison West, a wholly-owned subsidiary of Triarc.  Mr. Peltz is an officer, director and significant stockholder of Triarc.</footnote>
		<footnote id="F6">All such shares are held by the Nelson Peltz Children's Trust, an entity in which Mr. Peltz is a trustee.</footnote>
		<footnote id="F7">All such shares are held by Triarc.  Mr. Peltz is an officer, director and significant stockholder of Triarc.</footnote>
	</footnotes>
	<remarks>
	</remarks>
	<ownerSignature>
		<signatureName>/s/ Peltz, Nelson </signatureName>
		<signatureDate>2003-10-13</signatureDate>
	</ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SUBMISSION>
