| | Business Summary | | Credit
Store,
Inc.
is
a
technology
based,
financial
services
company
that
provides
credit
card
products
to
consumers
who
may
otherwise
fail
to
qualify
for
a
traditional
unsecured
bank
credit
card.
Credit
Store
reaches
these
consumers
by
acquiring
portfolios
of
non-performing
consumer
receivables
and
offering
a
new
credit
card
to
those
consumers
who
agree
to
pay
all
or
a
portion
of
the
outstanding
amount
due
on
their
debt
and
who
meet
the
Company's
underwriting
guidelines.
After
consumers
have
made
a
certain
number
of
on-time
payments
on
their
outstanding
credit
card
balance,
the
Company
seeks
to
sell
or
securitize
the
credit
card
receivables
generated
by
this
business
strategy.
The
Company
offers
other
forms
of
settlement
to
consumers
who
do
not
accept
the
credit
card
offer.
Credit
Store's
operations
integrate
the
following
disciplines:
portfolio
acquisitions
and
divestitures;
marketing
and
card
origination;
customer
service
and
collections;
and
receivables
sales
and
securitizations. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Credit
Store,
Inc.
is
a
technology
based,
financial
services
company
that
provides
credit
card
products
to
consumers
who
may
fail
to
qualify
for
a
traditional
unsecured
bank
credit
card.
For
the
nine
months
ended
2/28/01,
net
revenues
rose
3%
to
$27.5
million.
Net
loss
applicable
to
Common
rose
88%
to
$5.3
million.
Revenues
reflect
a
positive
impact
from
the
adoption
of
accrual
accounting
for
receivables.
Net
loss
reflects
higher
credit
card
expenses. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Geoffrey Thompson, 59
Interim
Chairman | -- | Kevin Riordan, 48
Pres,
COO, Director | $306K | Michael Philippe, 42
Exec.
VP, CFO, Treasurer | 264K | Richard Angel, 42
Exec.
VP, Gen. Counsel | 349K | William Buriak, 46
Sr.
VP, CIO | -- | | Dollar amounts are as of 31-May-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/c/cds.gif)