At CFS (Commercial Financial Services) Bill Bartmann pioneered the debt buying industry in America

Bill Bartmann pioneered the debt buying industry in America
Bill Bartmann on Wall Street - Credit Card Debt Collection Pioneer - CFS, Commercial Financial Services
  • First to persuade banks to sell their charged-off credit card portfolios;
  • First to negotiate forward-flow exclusive contracts with banks for their future charged-off inventory;
  • First collection company to get an investment-grade rating on unsecured debt (subject of Harvard Business School case study);
  • Raised over $3.1 billion in financing from Wall Street in 15 separate transactions;
  • First debt buyer to secure a commercial paper conduit;
  • First collection company to reach $1 billion in revenue
  • Recognized by the Smithsonian Institution for IT advances in database design;
  • Recognized by the Nilson Report (industry journal) as the “largest, best-trained, and most-efficient debt collection company in the world.”
 
 
What the press reported about Bill Bartmann, CFS, and the impact on the debt buying industry

Inc. Magazine

Fortune Magazine

The Wall Street Journal

USA Today

NPR

Success Magazine

 
 
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