<SUBMISSION>
<ACCESSION-NUMBER>0001084961-03-000028
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20030804
<ITEMS>9
<FILING-DATE>20030804
<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>03819604
</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>MCM CAPITAL GROUP INC
<DATE-CHANGED>19990430
</FORMER-COMPANY>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>MIDLAND CORP OF KANSAS
<DATE-CHANGED>19990423
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k_pressrelease-080403.htm
<DESCRIPTION>FORM 8K 08-04-03
<TEXT>

<HTML>
<HEAD>
<TITLE>Form 8K Press Release</TITLE>
</HEAD>
<BODY>


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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>UNITED STATES<BR>SECURITIES AND
EXCHANGE COMMISSION <BR>WASHINGTON, D.C. 20549 </FONT></H1>

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<A NAME=A003></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>FORM 8-K </FONT></H1>
<HR SIZE=4 COLOR=black width=25% NOSHADE>
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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CURRENT REPORT <BR>Pursuant to Section 13
or 15(d)

<BR>of the Securities
Exchange Act of 1934 </FONT></H1>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Date
of Report (Date of earliest event reported): August 4, 2003 </FONT></P>

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<A NAME=A008></A>
<p ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><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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     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE=2> Delaware&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE=2> 000-26489 </FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE=2>48-1090909</FONT></TH></TR>
<TR VALIGN=Bottom>
     <TD WIDTH="30%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="1">(State or other jurisdiction of </FONT> </TD>
     <TD WIDTH="40%" ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" SIZE="1">(Commission File Number) </FONT> </TD>
     <TD WIDTH="30%" ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" SIZE="1">&nbsp;(I.R.S Employer </FONT> </TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=1>incorporation or organization)</FONT></TD>
<TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=1></FONT></TD>
     <TD ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Identification No.)</FONT></TD>
 </TR>
</TABLE>
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<p ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><b>5775 Roscoe Court</b> <BR><b>San Diego, California
92123</b></FONT><BR><FONT FACE="Times New Roman, Times, Serif" SIZE=1>(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> </FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=1>(Registrant&#146;s
Telephone Number, Including Area Code) </FONT></P>


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<A NAME=A015></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regulation FD
Disclosure </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
August 4, 2003 the Company issued a press release announcing that it had arranged new
financing. 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>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
information in this Current Report on Form 8-K, including the exhibit, is furnished
pursuant to Item 9 and shall not be deemed &#147;filed&#148; 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>

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<A NAME=A016></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SIGNATURES </FONT></H1>

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<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>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 ALIGN=Center WIDTH=600>
<TR VALIGN=Bottom>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TH>
     <TH align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ENCORE CAPITAL GROUP, INC.</FONT><BR><BR></TH></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=10% ALIGN=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Date:</FONT></TD>
     <TD WIDTH=40% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>August 4, 2003</FONT></TD>
     <TD WIDTH=50% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;By<u>&nbsp;&nbsp;&nbsp;&nbsp;/s/ Barry R. Barkley&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><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;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Barry R. Barkley</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><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;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive Vice President,</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><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;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer and Treasurer</FONT></TD></TR>
</TABLE>
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<A NAME=A017></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EXHIBIT INDEX </FONT></H1>


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<TD WIDTH=9%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>          Exhibit  </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Description
                     </FONT></TD>
</TR>
<TR VALIGN=TOP>
<TD WIDTH=9%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><BR>&nbsp;&nbsp; 99.1  </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                       <BR>   Press release dated August 4, 2003.</FONT></TD>
</TR>
</TABLE>



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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>pressrelease-080403.htm
<DESCRIPTION>PRESS RELEASE 08-04-03
<TEXT>

<HTML>
<HEAD>
<TITLE>Press Release 08-04-03</TITLE>
</HEAD>
<BODY>

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<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibit 99.1 </FONT></P>





<TABLE WIDTH="600" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="BOTTOM">
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="1"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="1"></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="10%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><u><b>Contact:</b></u>  </FONT></TD>
     <TD WIDTH="75%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><b>Carl C. Gregory, III</b></FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><b>President and CEO</b></FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><b>Phone:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 858-309-6961</b></FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><b>Email:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; carl.gregory@mcmcg.com</b></FONT></TD></TR>
</TABLE>

<BR>
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<A NAME=A001></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><b><u>ENCORE CAPITAL GROUP
ARRANGES NEW FINANCING</u></b> </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>San Diego, California, August 4,
2003.</B> Encore Capital Group, Inc. (NASDAQ:ECPG) announced today that it has closed a
loan with a new institutional lender to finance four portfolios of charged off auto
deficiencies and other consumer loans. This loan, for approximately $1.8 million, is
secured by the purchased assets, with no recourse to Encore. It has a fixed rate of
interest, a 27 month term and no participation by the lender in the residual cash flow
from these portfolios, once the loan is paid off. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Encore is an accounts receivable
management firm that specializes in purchasing charged-off and defaulted consumer debt.
Among Encore&#146;s significant stockholders are Triarc Companies, Inc., Consolidated
Press International Holdings Limited, and their respective affiliates. </FONT></P>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4><b>### </b></FONT></P>

<BR><BR>


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<A NAME=A002></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Notes to Press Release </FONT></H1>

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<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 availability and cost of financing;</FONT>

    <LI> <FONT FACE="Times New Roman, Times, Serif" SIZE=2>  our ability to purchase receivables portfolios on acceptable terms;</FONT>

   <LI><FONT FACE="Times New Roman, Times, Serif" SIZE=2>   our ability to recover sufficient amounts on receivables to fund operations;</FONT>

    <LI><FONT FACE="Times New Roman, Times, Serif" SIZE=2>    our continued servicing of receivables in our third party financing transactions;</FONT>

   <LI>  <FONT FACE="Times New Roman, Times, Serif" SIZE=2>  our ability to hire and retain qualified personnel to recover our receivables efficiently;</FONT>

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


    <LI> <FONT FACE="Times New Roman, Times, Serif" SIZE=2>  the costs, uncertainties and other effects of legal and administrative proceedings.</FONT>

</UL>


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<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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