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  September 5, 2001
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Home > Company Index > Diversified Services > Accounting, Bookkeeping, Collection & Credit Reporting > Creditrust Corporation

Creditrust Corporation
OTC: CRDTQ
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 PROFILE
Creditrust can't resist a good challenge. The company buys up defaulted Visa, MasterCard, and private-label credit card accounts at a discount, then tries to collect on them by formulating tailor-made payment plans based on each debtor's monthly budget. Creditrust's credit card receivables come from across the US. A subsidiary, Creditrust Card Services, offers secured credit cards to those with iffy credit. Chairman, president, and CEO Joseph Rensin owns approximately half of Creditrust. The company has suffered a serious loss of confidence on Wall Street, leading it to file for Chapter 11 bankruptcy protection, although Rensin has said "as long as people go to the mall and overspend, we will always have a job."

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 82.50
1-Yr. Sales Growth: 134.4%
Employees: 900
Revenue per employee: $91,666.67

 KEY PEOPLE
• Joseph K. Rensin
    CEO
• Richard J. Palmer
    CFO

 CONTACT INFO
7000 Security Blvd.
Baltimore, MD 21244
US
Phone: 410-594-7000
Fax: 410-594-9620
Online: Web Site

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