Resurgence Financial, LLC, an Illinois-based debt purchaser, is ranked 28th on the 2006 Inc. 500 list, the company announced today. Resurgence cracked the list with four-year annual revenue growth of 1773.68%.
The list, compiled by Inc. magazine, ranks the fastest-growing private companies in the country according to sales growth over the past four years.
Formed in 2001 to acquire and liquidate portfolios of credit card debt, Resurgence Financial has become a leading national purchaser of defaulted consumer accounts receivable.
With more than 80 employees and multiple locations nationally, Resurgence Financial specializes in late-stage collection enforcement by using a Controlled Litigation Strategy ™ which holds debtors accountable for repayment in a consistently fair and ethical manner.
?We are pleased that Resurgence Financial has earned the opportunity to be recognized by Inc. 500. Employee dedication and carefully planned expansion have contributed to our growth and success,? said H. Joshua Chaet, Chief Operating Officer.
Senior Vice President Robert A. Russo stated that ?the viability of our business plan is robust and the distinction made by Inc. 500 helps us validate it. These plans continue to mature as Resurgence Financial pursues in strategic objectives.?
David K. Kaplan, Chief Executive Officer commented that ?the debt purchasing industry is poised for the emergence of a Wal-Mart, Costco or Target type of company to enter our space. Resurgence Financial intends to be that company.?