Press Releases for Second Round
Second Round Launches Version 2.0 of its Debt Settlement Smart Pairing Alliance Program
Released February 2, 2012Second Round launched Version 2.0 of its debt settlement Smart Pairing Alliance (SPA) program today. Version 2.0 will enable Second Round to continue providing the best in class service to creditors and debt buyers.
Version 2.0 introduces
- Faster scrub processing, results typically returned in under an hour ... Show me more
ARM Firm Second Round, LP Secures Capital to Expand Debt Buying
Released September 15, 2010Second Round, LP announced today that it has secured additional capital to support the growth of the company’s debt purchasing strategy. Second Round, LP is an Austin, TX based purchaser, collector and reseller of charged-off consumer debt.
“After successfully deploying the capital raised in our first fund,...Show me more
SECOND ROUND SECURES ACQUISITION CAPITAL
Released May 17, 2010Second Round, LP announced today it closed on a new debt purchasing facility from a private investment group. The facility will be used to grow the company's strategic debt purchasing while benefitting from the opportunities available in the current market.
Since the company's launch in June of 2008, Second Round has positioned itself as a 100% U.S. based firm that focuses on filling creditor's and debt buyer's sophisticated recovery needs. Second Round also utilizes a nationwide legal strategy via its network of collection attorneys.
Vice-President of Business Development Rosson Richardson noted, “This facility is the second in a series of five commitments from our established and expanding investor group. Our performance, commitment to compliance, and discipline in a volatile capital market has enabled us to provide a consistent return to our investors which outperformed most traditional investments.”
Larry Vasbinder (CEO) commented, "This facility supports our growth plans and allows us to invest when the volume of fresh charge-offs entering our market is at a level never experienced by this industry. There are clearly some attractive purchases opportunities in the secondary market and mid-tier direct market available to firms with sufficient capital. Along with the rest of our team, I am excited about the company's future prospects."
Second Round LP is a full service debt purchasing and account receivables management firm founded by industry veterans Joseph Duarte (COO) and Larry Vasbinder (CEO). Second Round's business philosophy leverages contingency based recovery with strategic debt purchasing to provide consistent results and favorable returns to its customers and investors. For more information please contact Rosson Richardson at 512.392.6401, or visit the firm's website at www.second-round.com.
TranDotCom PARTNERSHIP PROVIDES DEBT MANAGEMENT INTEGRATION
Released March 17, 2010Second Round Tools Enable Lenders to Monetize Charged-Off Accounts Automatically
Short-tem lending customers of TranDotCom Solutions can now take advantage of integrated debt management services delivered through Second Round, LP. Providing mutual clients with seamless integration of collections, Second Round recently joined a growing list of TranDotCom Gold Partners.
Second Round offers both contingency collections and portfolio acquisition services to short-term lenders. Based in San Marcos Texas, the firm was formed in 2008 by debt market industry veterans Larry Vasbinder and Joseph Duarte. Through its partnership with TranDotCom, Second Round facilitates automated, overnight back-end processing and collections for the two companies' mutual clients.
"The goal of our preferred partner program is to provide our clients with best in class tools to enable them to run their businesses more effectively and efficiently," according to Brannen Cummings, Corporate Account Executive, TranDotCom. "Second Round has an excellent reputation in the industry, and their corporate culture dispels the negative connotations that most people have of the collections industry," he continues.
Rosson Richardson, Vice President Business Development for Second Round, maintains that the company's philosophy of treating every customer with respect is an integral ingredient of their success. "In addition to helping lenders mitigate the cost of sales and derive bottom line revenue, one of our objectives is to help them return a customer to good standing by offering a solution to the debtor to clear an issue," he said. Second Round is a member of The Association of Credit and Collection Professionals (ACA), and as such follows strict compliance and call monitoring requirements. All Second Round employees sign a "Collector's Pledge" document that stipulates that all consumers be treated with dignity and respect.
Working as a team, the TranDotCom and Second Round partnership will help lenders achieve greater return on their investments through a relatively effortless process. Account data can be uploaded overnight to Second Round, with the collections process starting as quickly as the next day. The two companies work together to facilitate the information exchange and resolve issues, involving the lenders as little as possible, so as to allow them to focus on their business rather than the collections. The entire process is transparent to borrowers.
"We are excited to be working with TranDotCom, and look forward to the positive effects that the partnership will have for our mutual clients. Both companies can now serve our collective clients better, more smoothly, and more efficiently due to this relationship," reports Richardson.
Proactive Debt Collection Agency •Pledges• to Treat Consumers with Dignity, Respect
Released July 17, 2009Larry Vasbinder is tired of being lumped in with the bad guys.
"The stories of abusive debt collectors you see on TV, those outrageous tapes you hear, that isn't us," says Vasbinder, the Chief Executive Officer of Second Round, a San Marcos, Texas-based debt collection agency. "In fact, I'd argue that an overwhelming majority of collection agencies all over this country feel the same way. That's not how we do business. And we're tired of having to fight negative stereotypes and assumptions people have planted in their heads about us before we even pick up the phone."
That's why Vasbinder had no problem convincing all of Second Round's employees to sign the "Collector's Pledge," a short, simple document that demands every consumer be treated with dignity and respect. ACA International, the leading trade association for credit and debt collection professionals, created the pledge and estimates that more than 100,000 individual debt collectors across the United States will sign on by 2010.
"The vast majority of people working in this industry are everyday, regular folks," says John Nemo, a spokesman for ACA International, which represents more than 3,500 debt collection agencies across the United States. "They're soccer moms and dads - they go to PTA meetings just like you and me. And they're tired of being lumped in with the small group of bad actors that have always been there in one form or another. I think if you look at any industry you'll always find a fringe group of unscrupulous people. There are unethical teachers. There are unethical doctors. And no matter how hard we try and no matter how many of us do it the right way, there are always going to be some people in our industry who for whatever reason don't play by the rules."
Vasbinder said supporting the Collector's Pledge is Second Round's attempt to set the record straight with consumers regarding how the preponderance of debt collection agencies do business.
"I realize talk is cheap, but the numbers don't lie," Vasbinder says, pointing out that less than 0.1 percent of the hundreds of millions of contacts between debt collectors and consumers each year result in formal complaints being filed with the Federal Trade Commission, Better Business Bureau or other entities.
"The media is always going to play up the negative, sensational behavior that happens within our industry," he says. "That's what makes news. It doesn't make news that 99.9 percent of us do our very best every day to treat consumers the right way. What about the tens of thousands of consumers we help every year? What about their credit ratings we save and the positive advice we offer? What about the more than $40 billion we annually pump back into the U.S. economy? Or, what about the fact that debt collectors are the last line of defense against inflation? Where are those stories? We're hoping maybe the Collector's Pledge will help begin to change the public's perception."
About Second Round
Second Round, LP is a debt management company serving businesses nationwide. It provides consumer lenders, the most efficient and effective liquidation engine for small balance charged-off accounts in the industry.
Second Round Media Contact: Joseph Duarte, 512-392-6401 or jduarte@second-round.com.
About ACA International
ACA International, the Association of Credit and Collection Professionals, is the comprehensive, knowledge-based resource for success in the credit and collection industry. Founded in 1939, ACA brings together more than 5,500 members worldwide, including third-party collection agencies, asset buyers, attorneys, creditors and vendor affiliates. The association establishes ethical standards, produces a wide variety of products, services and publications, and articulates the value of the credit and collection industry to businesses, policymakers and consumers.
ACA Media Contact: John Nemo, 952-928-8000, ext. 124 or nemo@acainternational.org.
Second Round, LP Opens in San Marcos, TX
Released December 2, 2008Second Round, LP has officially opened its doors for business. The company is in full operation with a seasoned managerial staff and a dedicated team of collectors ready to offer the best service in the debt recovery industry.
Co-founders, Larry Vasbinder and Joseph Duarte, are eager to gain new clients and assist them with their recovery process. Specializing in small balanced accounts and payday loans, Second Round separates itself as a professional collection company providing excellent service to both the consumer and client. Second Round's •consumer first• approach allows the client to maintain their customer acquisition investments.
Please call 512.392.6401 and visit www.second-round.com for more information and to see how Second Round can help your business thrive!