<SUBMISSION>
<ACCESSION-NUMBER>0001084961-04-000075
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20040503
<ITEMS>9
<FILING-DATE>20040505
<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>04780924
</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_fin-agrmt.htm
<DESCRIPTION>FORM 8K - FINANCIAL AGREEMENT
<TEXT>
<HTML>
<HEAD>
<TITLE>Form 8K Financial Agreement</TITLE>
</HEAD>
<BODY>


<HR SIZE=4 width=40% align=center NOSHADE color=black>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Project" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>SECURITIES AND
EXCHANGE COMMISSION </FONT><BR><FONT FACE="Times New Roman, Times, Serif" SIZE=2>WASHINGTON, D.C. 20549 </FONT></H1>
<HR align=center width=15% SIZE=2 NOSHADE color=black>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Project" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>FORM 8-K </FONT></H1>
<HR align=center width=15% SIZE=2 color=black 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 </FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>Pursuant to Section 13
or 15(d) </FONT><BR><FONT FACE="Times New Roman, Times, Serif" SIZE=2>of the Securities
Exchange Act of 1934 </FONT></H1>
<BR><BR>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Date of Report (Date of
earliest event reported):&nbsp;&nbsp; May 3, 2004  </FONT></P>
<BR><BR>
<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<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="2">(Exact Name of Registrant as Specified in its Charter) </FONT> </P>

<BR><BR>

<TABLE WIDTH="600" align=center CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="BOTTOM">
     <TH ALIGN="CENTER"><FONT SIZE="2">Delaware</FONT></TH>
     <TH ALIGN="CENTER"><FONT SIZE="2"></FONT></TH>
     <TH ALIGN="CENTER"><FONT SIZE="2">000-26489</FONT></TH>
     <TH ALIGN="CENTER"><FONT SIZE="2"></FONT></TH>
     <TH ALIGN="CENTER"><FONT SIZE="2">48-1090909</FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="32%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(State or other jurisdiction of<BR>
incorporation or organization)</FONT></TD>
     <TD WIDTH="2%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="32%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Commission File Number)</FONT></TD>
     <TD WIDTH="2%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="32%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(I.R.S Employer<BR>
(Identification No.)</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>
</TABLE>
<BR><BR>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>5775 Roscoe Court</B> </FONT> <BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2"><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>

<BR><BR>
<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<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>

<HR SIZE=4 width=40% align=center NOSHADE color=black>
<BR><BR><BR><BR>
<HR SIZE=3 COLOR=GRAY NOSHADE>
<BR><BR><BR>



<!-- MARKER FORMAT-SHEET="Head Major Left Bold-TNR" FSL="Project" -->

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 9. Regulation FD
Disclosure </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Large Indent Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
May 3, 2004 the Company issued a press release announcing that it had entered into a
commitment letter related to a $75 million three-year revolving credit facility to be
utilized for the purpose of purchasing portfolios of receivables and for working capital
needs. 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>

<!-- MARKER FORMAT-SHEET="Para Large Indent Lv 0-TNR" FSL="Project" -->
<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>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Project" -->

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

<!-- MARKER FORMAT-SHEET="Para Indent Lv 0-TNR" FSL="Default" -->
<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>

<!-- MARKER FORMAT-SHEET="Signature (Single)" FSL="Project" -->
<TABLE WIDTH="100%" CELLSPACING="0" CELLPADDING="0" BORDER="0">
<TR VALIGN=TOP>
<TD valign=middle WIDTH="25%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Date:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;    May 5, 2004 </FONT></TD>
<TD WIDTH="15%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH="10%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH="50%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>ENCORE CAPITAL GROUP, INC.</B><BR><BR>
<BR> By /s/ Barry R. Barkley<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
Barry R. Barkley<BR>Executive Vice President,<BR>Chief Financial Officer and Treasurer</FONT></TD>
</TR>
</TABLE>
<BR>


<BR><BR><BR><BR>
<!-- MARKER FORMAT-SHEET="Page Number Center" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2 </FONT></P>
<!-- MARKER PAGE="sheet: 8; page: 8" -->
<HR SIZE=3 COLOR=GRAY NOSHADE>
<BR><BR><BR><BR>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold 1-TNR" FSL="Default" -->

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

 <!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 1- TNR" FSL="Project" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=left WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>          Exhibit  </FONT></TD>
<TD ALIGN=left WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Description </FONT></TD>
</TR>
</TABLE>
<BR>



<!-- MARKER FORMAT-SHEET="Para (List) Hang LV 1-TNR" FSL="Project" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>           99.1  </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Press
release dated May 3, 2004. </FONT></TD>
</TR>
</TABLE>
<BR>


<BR><BR><BR><BR>
<!-- MARKER FORMAT-SHEET="Page Number Center" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3 </FONT></P>
<!-- MARKER PAGE="sheet: 8; page: 8" -->
<HR SIZE=3 COLOR=GRAY NOSHADE>
<BR><BR><BR><BR>

</BODY>
</HTML>


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>new_credit-line.htm
<DESCRIPTION>NEW CREDIT LINE COMMITMENT LETTER
<TEXT>
<HTML>
<HEAD>
<TITLE>New Credit Line</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>



<!-- MARKER FORMAT-SHEET="Head Major Center Bold 1-TNR" FSL="Project" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>Encore Enters Into a
Commitment Letter<BR> for a $75 Million
&#150; Three Year Revolving Facility </FONT></H1>
<BR><BR><BR>
<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>SAN DIEGO &#151; (BUSINESS
WIRE)&#151;May 3, 2004 &#151; Encore Capital Group, Inc. (Nasdaq: ECPG), </B>a leading
accounts receivable management firm reported that effective April 29, 2004, the Company
entered into a commitment letter related to a $75 million three-year revolving credit
facility to be utilized for the purpose of purchasing portfolios of receivables and for
working capital needs. It is the Company&#146;s expectation that this facility will be
used, at the Company&#146;s option, during the second half of 2004 to fund portfolio
purchases of non-credit card paper classes and, upon the expiration of the Company&#146;s
Secured Financing Facility on December 31, 2004, to fund all types of portfolio purchases,
including credit card receivables. This commitment is subject to the satisfactory
completion of lender due diligence and credit facility documentation, as well as the
absence of any material adverse change in the business condition (financial or otherwise),
operations, performance, properties, or prospects of the Company or any of its material
subsidiaries since December 31, 2003. Interest rates will be based, at the Borrower&#146;s
option, on the lender&#146;s prime rate or on LIBOR plus an applicable margin. The
applicable margin will be adjusted quarterly based on a pricing grid which takes into
account certain financial covenants related to the borrower&#146;s balance sheet and
results of operations. It is anticipated that the resulting initial interest rate will be
in the mid single digits. The facility will be secured by a security interest in all of
the assets of the Company except for those assets in which the current lenders have a
first priority security interest. The commitment also requires the Company to pay certain
fees and expenses to the lender in connection with the commitment letter and the loan.
While there can be no assurance that the Company will be able to close this facility on
acceptable terms, it is anticipated to close by the end of the second quarter of 2004. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold-TNR" FSL="Default" -->
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>About Encore Capital
Group, Inc. </FONT></H1>


<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></P>
<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Encore Capital Group,  Inc. is an
accounts  receivable  management firm that specializes in purchasing  charged-off and
defaulted consumer debt. </FONT></P>



<!-- MARKER FORMAT-SHEET="Head Major Left Bold-TNR" FSL="Project" -->
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Forward Looking
Statements </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<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, anticipated interest rates under the new
credit facility; whether the Company will be successful in securing the new credit
facility on acceptable terms; 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:
the availability and cost of financing, including increases in interest rates and adverse
changes or disruptions in primary and secondary loan syndication markets, financial
markets, or capital markets generally that could impair syndication of the new credit
facility or otherwise affect the financial terms or the lender&#146;s willingness to enter
into the new facility on acceptable terms; the Company&#146;s ability to purchase
receivables portfolios on acceptable terms and in sufficient quantities; the
Company&#146;s ability to recover sufficient amounts on or with respect to receivables to
fund operations; the Company&#146;s continued servicing of receivables in its third party
financing transactions; the Company&#146;s ability to hire and retain qualified personnel
to recover on its receivables efficiently; changes in, or failure to comply with,
government regulations; the costs, uncertainties and other effects of legal and
administrative proceedings; and risk factors and cautionary statements made in the
Company&#146;s Annual Report on Form 10-K as of and for the year ended December 31, 2003.
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>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CONTACT: <BR>Encore Capital Group,
Inc. (Shareholders/Analysts)<BR>Carl C. Gregory, III, 858-309-6961<BR>carl.gregory@encorecapitalgroup.com<BR>or
<BR>Financial Relations Board
(Press)<BR>Tony Rossi, 310-407-6563 (Investor Relations)<BR>trossi@financialrelationsboard.com </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SOURCE: <BR>Encore Capital Group, Inc. </FONT></P>


</BODY>
</HTML>

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