<SUBMISSION>
<ACCESSION-NUMBER>0001084961-03-000006
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20030317
<ITEMS>9
<FILING-DATE>20030317
<FILER>
<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>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-26489
<FILM-NUMBER>03605633
</FILING-VALUES>
<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>MIDLAND CORP OF KANSAS
<DATE-CHANGED>19990423
</FORMER-COMPANY>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>MCM CAPITAL GROUP INC
<DATE-CHANGED>19990430
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k_031703.htm
<DESCRIPTION>FORM 8K - PRESS RELEASE
<TEXT>


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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>SECURITIES
AND EXCHANGE COMMISSION <BR>WASHINGTON, D.C. 20549</FONT></H1>

<HR SIZE=3 width=25% NOSHADE>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>FORM 8-K</FONT></H1>
<HR SIZE=3 width=25% NOSHADE>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>CURRENT
REPORT</FONT><br>

<FONT FACE="Times New Roman, Times, Serif" SIZE=3>Pursuant to
Section 13 or 15(d) <BR>of the Securities Exchange Act of 1934</FONT></H1>

                        <P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2> Date of Report (Date of earliest event reported): March 17, 2003</font></P>





                                        <p ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3> <b>Encore Capital Group, Inc.</b></font><br>
                             <FONT FACE="Times New Roman, Times, Serif" SIZE=1> (Exact Name of Registrant as Specified in its Charter)</FONT></p>









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     <TD WIDTH="20%" ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><b>Delaware</b></FONT></TD>
     <TD WIDTH="35%" ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><b>000-26489</b></FONT></TD>
     <TD WIDTH="30%" ALIGN="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><b>48-1090909</b></FONT></TD>
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<TD  ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(State or other jurisdiction of</FONT></TD>
     <TD ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Commission File Number)</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(I.R.S Employer</FONT></TD></TR>
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<TD  ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;incorporation or organization)</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD valign=top ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Identification No.)</FONT></TD></TR>
</TABLE>











<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2><b>5775 Roscoe Court</b>
<BR><b>San Diego, California 92123</b><br>

                               (Address of Principal Executive Offices) (Zip Code)</font></P>



                      <P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2><b>(877) 445-4581</b><br>
                               (Registrant's Telephone Number, Including Area Code)</font></P>



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<br><br><br><br>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><b>Item 9.</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  <b>Regulation FD Disclosure</b></font></P>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif" SIZE=2>On March 17, 2003 the Company  issued a press  release  announcing  its  unaudited  financial  results for the year ended  December 31,
2002. A copy of the press  release is attached to this Current  Report on Form 8-K as Exhibit 99.1 and is  incorporated  herein  solely
for purposes of this Item 9.</font></P>

            <P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif" SIZE=2>The information in this Current Report on Form 8-K,  including the exhibit,  is furnished  pursuant to Item 9 and shall not
be deemed "filed" for the purposes of Section 18 of the Securities  Exchange Act of 1934 or otherwise  subject to the liabilities under
that Section.  Furthermore,  the  information  in this Current  Report on Form 8-K,  including  the exhibit,  shall not be deemed to be
incorporated by reference into the filings of Encore Capital Group, Inc. under the Securities Act of 1933.</font></P>


<br><br><br><br><br><br>


<br><br><br><br><br><br>



<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SIGNATURES</FONT></H1>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized. </FONT></P>

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     <TD WIDTH="12%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;&nbsp;</FONT></TD>
     <TD WIDTH="4%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="35%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="4%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="43%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="2%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
         <TD colspan=2 ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">ENCORE CAPITAL GROUP, INC.</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD  ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;&nbsp;</FONT></TD>
     <TD  ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD  ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD  ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD  ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="2%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD  ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;&nbsp;</FONT></TD>
     <TD  ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD  ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD  ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD  ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="2%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>


<TR VALIGN="BOTTOM">
     <TD ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Date:</FONT></TD>
     <TD colspan=2 ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">March 17, 2003</FONT></TD>
     <TD colspan=2 ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">By<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ Barry R. Barkley&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;&nbsp;&nbsp;Barry R. Barkley</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;&nbsp;&nbsp;Executive Vice President,</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;&nbsp;&nbsp;Chief Financial Officer and Treasurer</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
</TABLE>

<br><br><br><br><br><br>

<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE="2">2</FONT></P>
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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EXHIBIT INDEX</FONT></H1>

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     <TD WIDTH="10%" ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Exhibit</FONT></TD>
     <TD WIDTH="90%" ALIGN="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Description</FONT></TD></TR>
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<TR VALIGN="BOTTOM">
     <TD ALIGN="right"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Press release dated March 17, 2003</FONT></TD></TR>
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<br><br><br><br><br><br>
<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE="2">3</FONT></P>
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<FILENAME>pressrelease_031703.htm
<DESCRIPTION>PRESS RELEASE
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  <P  align=right> <FONT FACE="Times New Roman, Times, Serif" SIZE="2"><b> Exhibit 99.1</b></font></P><br><P  align=right> <FONT FACE="Times New Roman, Times, Serif" SIZE="2"><b> <u>For Immediate  Release</U></b></font></P> <TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="600">
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     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH></TR>
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     <TD WIDTH="10%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><u><b>Contact:</b></u></FONT></TD>
     <TD WIDTH="90%" ALIGN="LEFT" colspan=3><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><b>Carl C. Gregory, III</b></FONT></TD>

     </TR>
<TR VALIGN="BOTTOM">
     <TD WIDTH="10%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;&nbsp;</FONT></TD>
     <TD WIDTH="90%" ALIGN="LEFT" colspan=3><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><b>President and CEO</b></FONT></TD>
     </TR>
<TR VALIGN="BOTTOM">
     <TD WIDTH="10%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="11%"ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><b>Phone:</b></FONT></TD>
     <TD WIDTH="64%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><b>858-309-6961</b></FONT></TD>
     <TD WIDTH="15%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><b>Email:</b></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><b>carl.gregory@mcmcg.com</b></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
</TABLE> <H5 align=center><b><u>ENCORE REPORTS FULL YEAR 2002 RESULTS</U></b></H5>


                                         <H5 align=center><b> *2002 net income significantly increases to $13.8 million</b><br>
                                                 <b>versus a net loss of $10.9 million in 2001</b></H5>
                                           <H5 align=center><b>  *2002 gross collections increase 79% to $148.8 million</b></H5>
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><b>San Diego,  California,  March 17, 2003</b> - Encore Capital Group, Inc. (OTCBB: ECPG.OB) announced today significantly improved results of
operations for its fiscal year 2002.</font></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>During 2002, Encore
collected $148.8 million, up 79% from $83.1 million in 2001. 2002 revenue of
$90.4 million represented 61% of collections versus 2001 revenue of $47.8
million, which was 58% of collections. Net income increased to $13.8 million in
2002 versus a loss of $10.9 million in 2001. Earnings per share on a fully
diluted earnings basis increased to $0.84 from a fully diluted loss per share of
($1.52) in 2001. For 2002, Encore&#146;s net income and fully diluted

earnings per share include
the benefit of $6.3 million and $.38 per share, respectively, from the
reinstatement of its net deferred tax asset. These improvements reflect
the company&#146;s successful efforts in acquiring quality portfolios, refining
its collection channels, and effectively managing expenses. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2> Commenting on
2002&#146;s results, Carl C. Gregory, III, Encore's President and CEO said, &#147;We are
pleased with the turnaround we have achieved at Encore. Our team has effectively
repositioned Encore as an industry leader.&#148; </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Encore (which was formerly known as MCM Captital Group, Inc.) is an accounts
receivable management firm that specializes in purchasing charged-off and
defaulted consumer debt. During 2002, Encore invested approximately $62.5
million in portfolio purchases, up 60% compared to 2001. During 2002, Encore
purchased three different types of accounts: charged-off credit cards, general
unsecured consumer credit and auto deficiencies. </FONT></P>

<H1 align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=5><b>###</b></font></H1>

<HR SIZE=1 NOSHADE><br><br><br><br>

<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2><b>NOTES TO PRESS RELEASE</b></font></P>
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The statements in this
press release that are not historical facts, including most importantly, those
statements preceded by, or that include, the words &#147;may,&#148;
&#147;believes,&#148; &#147;projects,&#148; &#147;expects,&#148;
&#147;anticipates&#148; or the negation thereof, or similar expressions,
constitute &#147;forward looking statements&#148; within the meaning of the
Private Securities Litigation Reform Act of 1995 (the &#147;Reform Act&#148;).
These statements may include, but are not limited to, projections of revenues,
income or loss, estimates of capital expenditures, plans for future operations,
products or services, and financing needs or plans, as well as assumptions
relating to those matters. For all &#147;forward-looking statements,&#148; the
Company claims the protection of the safe-harbor for forward-looking statements
contained in the Reform Act. Such forward-looking statements involve risks,
uncertainties and other factors which may cause actual results, performance or
achievements of the Company and our subsidiaries to be materially different from
any future results, performance or achievements expressed or implied by such
forward-looking statements. Factors that could affect the Company&#146;s results
and cause them to materially differ from those contained in the forward-looking
statements include: </FONT></P>
<UL>
    <LI><FONT FACE="Times New Roman, Times, Serif" SIZE=2>  The Company's ability to maintain existing, and secure additional, financing;</FONT><br><br>

   <LI><FONT FACE="Times New Roman, Times, Serif" SIZE=2>  the Company's ability to maintain sufficient liquidity to operate our business;</FONT><br><br>

    <LI><FONT FACE="Times New Roman, Times, Serif" SIZE=2>   the Company's  continued  servicing of the  receivables  in our  securitization  transactions  and
        warehouse facility;</FONT><br><br>


 <LI><FONT FACE="Times New Roman, Times, Serif" SIZE=2>the Company&#146;s ability to recover sufficient amounts on or with
respect to receivables to fund operations (including from sellers of
non-conforming receivable portfolios);</FONT><br><br>


  <LI><FONT FACE="Times New Roman, Times, Serif" SIZE=2> the Company's ability to hire and retain qualified personnel to recover its
        receivables efficiently;</FONT><br><br>

    <LI><FONT FACE="Times New Roman, Times, Serif" SIZE=2>   changes in, or failure to comply with, government regulations;</FONT><br><br>

  <LI> <FONT FACE="Times New Roman, Times, Serif" SIZE=2>  the costs, uncertainties and other effects of legal and administrative proceedings; and </FONT><br><br>
 <LI><FONT FACE="Times New Roman, Times, Serif" SIZE=2>risk factors and cautionary statements made in the Company&#146;s
Annual Report on Form&#160;10-K for the period ended December&#160;31, 2001 and
the Company&#146;s Quarterly Reports on Form&#160;10-Q for the periods ended
March&#160;31, June 30 and September 30, 2002.</FONT><br><br> </UL>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Forward-looking
statements speak only as of the date the statement was made. They are inherently
subject to risks and uncertainties, some of which the Company cannot predict or
quantify. Future events and actual results could differ materially from the
forward-looking statements. The Company will not undertake and specifically
declines any obligation to publicly release the result of any revisions to any
forward-looking statements to reflect events or circumstances after the date of
such statements or to reflect the occurrence of anticipated or unanticipated
events, whether as the result of new information, future events or for any other
reason. In addition, it is the Company&#146;s policy generally not to make any
specific projections as to future earnings, and the Company does not endorse any
projections regarding future performance that may be made by third parties. </FONT></P>
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