Security Credit raises $24M-plus

OXFORD — In the first investor pool of 2009, Security Credit Services, LLC, reports it was able to raise over $24 million.

In the upcoming months, Security Credit said it would start to utilize the services of hundreds of employees to collect millions of dollars worth of debt.

Security Credit buys delinquent receivables and is managing the collection process for over $1 billion of delinquent receivables from the nation’s creditors. Through internal and external collection cycles, the company strategically works and places the debt into national licensed and bonded collection channels.