ENCORE CAPITAL : Management’s Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q)

This Quarterly Report on Form 10-Q contains "forward-looking statements"
relating to Encore Capital Group, Inc. ("Encore") and its subsidiaries (which we
may collectively refer to as the "Company," "we," "our" or "us") within the
meaning of the securities laws. The words "believe," "expect," "anticipate,"
"estimate," "project," "intend," "plan," "will," "may," and similar expressions
often characterize forward-looking statements. These statements may include, but
are not limited to, projections of collections, revenues, income or loss,
estimates of capital expenditures, plans for future operations, products or
services, financing needs or plans or the impacts of the COVID-19 pandemic, as
well as assumptions relating to these matters. Although we believe that the
expectations reflected in these forward-looking statements are reasonable, we
caution that these expectations or predictions may not prove to be correct or we
may not achieve the financial results, savings, or other benefits anticipated in
the forward-looking statements. These forward-looking statements are necessarily
estimates reflecting the best judgment of our senior management and involve a
number of risks and uncertainties, some of which may be beyond our control or
cannot be predicted or quantified, that could cause actual results to differ
materially from those suggested by the forward-looking statements. Many factors
including, but not limited to, those set forth in our Annual Report on Form 10-K
under "Part I, Item 1A-Risk Factors" and those set forth in "Part II, Item 1A,
Risk Factors" of this Quarterly Report could cause our actual results,
performance, achievements, or industry results to be very different from the
results, performance, achievements or industry results expressed or implied by
these forward-looking statements. Our business, financial condition, or results
of operations could also be materially and adversely affected by other factors
besides those listed. Forward-looking statements speak only as of the date the
statements were made. We do not undertake any obligation to update or revise any
forward-looking statements to reflect new information or future events, or for
any other reason, even if experience or future events make it clear that any
expected results expressed or implied by these forward-looking statements will
not be realized. In addition, it is generally our policy not to make any
specific projections as to future earnings, and we do not endorse projections
regarding future performance that may be made by third parties.
Our Business
We are an international specialty finance company providing debt recovery
solutions and other related services for consumers across a broad range of
financial assets. We purchase portfolios of defaulted consumer receivables at
deep discounts to face value and manage them by working with individuals as they
repay their obligations and work toward financial recovery. Defaulted
receivables are consumers' unpaid...