<SUBMISSION>
<ACCESSION-NUMBER>0001084961-03-000035
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20030813
<ITEMS>12
<FILING-DATE>20030813
<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>03840296
</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_081303pr.htm
<DESCRIPTION>FORM 8K PRESS RELEASE
<TEXT>
<HTML>
<HEAD>
<TITLE>Form 8K Press Release</TITLE>
</HEAD>
<BODY>


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<HR SIZE=3 COLOR=black width=65% >
<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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<HR SIZE=4 COLOR=black width=25% NOSHADE>
<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>
<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Project" -->

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>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 13, 2003 </FONT></P>

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<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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<TR VALIGN=Bottom>
     <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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<HR SIZE=2 COLOR=black  NOSHADE>


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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 12. Disclosure of
Results of Operations and Financial Condition </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
13, 2003 the Company issued a press release announcing its unaudited financial results for
the second quarter ended June 30, 2003. 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 Item 12. </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, 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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<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 13, 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>
<BR><BR>
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<HR SIZE=5 COLOR=GRAY NOSHADE>


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

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<TR VALIGN=TOP>
<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>Description
                        </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=9%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>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>Press
release dated August 13, 2003. </FONT></TD>
</TR>
</TABLE>
<BR>


</BODY>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>pressrelease_081303.htm
<DESCRIPTION>PRESS RELEASE 08-13-03
<TEXT>
<HTML>
<HEAD>
<TITLE>Press Release 8-11-03</TITLE>
</HEAD>
<BODY>
<!-- MARKER FORMAT-SHEET="Head Right-TNR" FSL="Project" -->
<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><BR>
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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><U>ENCORE REPORTS SECOND
QUARTER RESULTS</U> </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Minor Center Bold-TNR" FSL="Project" -->
<A NAME=A002></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>*2003 2nd quarter net income
increases to $3.3 million <BR>from $0.7 million in
2002 </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Minor Center Bold-TNR" FSL="Project" -->
<A NAME=A004></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>*2003 2nd quarter
gross collections increase 30.4% to $46.7<BR> million </FONT></H1>



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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>San Diego,  California,  August
13, 2003</B> - Encore Capital Group,  Inc.  (NASDAQ:  ECPG)  announced today a
continuation of its trend in year-over-year increases in earnings. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Net income for the 2<SUP>nd</SUP>
quarter of 2003 was $3.3 million as compared to $0.7 million earned in the 2<SUP>nd</SUP>
quarter of 2002. On a fully diluted basis, Encore reported $0.17 per share for the second
quarter of 2003 &#151; a 325% increase over the $0.04 per fully diluted share reported in
same quarter of 2002. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>For the first six months of 2003,
Encore reported net income of $11.5 million as compared to the $0.9 million earned in the
first six months of 2002. On a fully diluted basis, Encore reported $0.58 per share for
the first half of 2003 &#150; an 867% increase over the $0.06 per fully diluted share
reported for the first half of 2002. As previously disclosed, our results for the first
half of 2003 reflected a one-time benefit in the amount of $7.2 million arising from the
settlement of litigation. This settlement contributed $4.4 million after-tax, or $0.22
cents per fully diluted share, to the first six months' results. </FONT></P>
<BR><BR>
<HR SIZE=3 color=black  NOSHADE>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Carl C. Gregory, III, President and
CEO said, &#147;Encore&#146;s second quarter results reflect a continuation of our solid
earnings growth. Our gross collections for the first six months of $93.7 million increased
34.6% over the prior year&#146;s first half collections of $69.6 million. We achieved that
34.6% increase in gross collections while controlling operating expense growth at a
smaller rate of 22.3% for the first six months of 2003 as compared to the first six months
of 2002.&#148; </FONT></P>

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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Second Quarter Results: </FONT> </H1>

<HR ALIGN=LEFT WIDTH=100% SIZE=1 NOSHADE>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>For the second quarter of 2003, gross
collections of $46.7 million were up 30.4%, or $10.9 million, as compared to $35.8 million
in the prior year&#146;s quarter. Resulting revenues of $28.4 million for the second
quarter of 2003 were up 41.0%, or $8.3 million, as compared to $20.1 million in the prior
year&#146;s second quarter. Operating expenses grew at a slower rate of 19.0% from $15.4
million in the second quarter of 2002 to $18.3 million in the second quarter of 2003.
Revenue recognized as a percentage of gross collections increased to 60.9% for the second
quarter of 2003 as compared to 56.3% for the second quarter of 2002. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Encore reported basic earnings per
share of $0.43 for the second quarter of 2003 as compared to $0.08 per share for the
second quarter of the prior year. On a fully diluted basis, Encore reported $0.17 per
share for the second quarter of 2003 &#151; a 325% increase over the $0.04 per fully
diluted share reported in same quarter of 2002. </FONT></P>

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<A NAME=A006></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>First Half Results: </FONT></H1>
<HR ALIGN=LEFT WIDTH=100% SIZE=1 NOSHADE>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>For the first half of 2003, gross
collections of $93.7 million were up 34.6%, or $24.1 million, as compared to $69.6 million
in the prior year&#146;s first half. Resulting revenues of $56.5 million for the first
half of 2003 were up 47.5%, or $18.2 million, over the $38.3 million in revenue earned in
the first half of 2002. Operating expenses grew at a slower rate of 22.3%, or $6.5 million,
from $29.2 million in the first half of 2002 to $35.7 million in the first half of 2003.
Revenue recognized as a percentage of gross collections increased slightly to 60.3% for
the first half of 2003 as compared to 55.0% for the first half of 2002. </FONT></P>
<BR><BR>
<HR SIZE=3 color=black  NOSHADE>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>As previously disclosed, our
1<SUP>st</SUP> quarter 2003 results reflected a one-time benefit in the amount of $7.2
million arising from the settlement of litigation. This settlement contributed $4.4
million after-tax, or $0.22 cents per fully diluted share, to the first six months' results. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Encore reported basic earnings per
share of $1.51 for the first half of 2003 as compared to $0.10 per share for the first
half of the prior year. On a fully diluted basis, Encore reported $0.58 per share for the
first half of 2003 &#150; an 867% increase over the $0.06 per fully diluted share reported
for the first half of 2002. </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>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>On Wednesday, August 13, the Company
filed its Quarterly Report on Form 10-Q with the SEC. </FONT></P>


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

<BR><BR>
<HR SIZE=3 color=black  NOSHADE>


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<A NAME=A007></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>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 Company's ability to maintain existing, and secure additional, financing; </FONT>

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

    <LI> <FONT FACE="Times New Roman, Times, Serif" SIZE=2>  The Company's continued servicing of the receivables in our secured financing facility; </FONT>

<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>

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


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

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


 <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&nbsp;10-K as of and for the year ended December&nbsp;31, 2002.  </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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</SUBMISSION>
