Successful Collection Agency Owner Starts Another Firm

Published on:
16 April 2007 at 04:29 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00007828-successful-collection-agency-owner-starts/

Michael Conflitti built up Pennsylvania-based Northeast Credit & Collections and sold it, for a tidy profit, in 2001 to Commonwealth Financial Systems. Now, though, he’s back: Conflitti has opened a new firm, American Credit Collections, and is looking to give his old company a run for its money.

The non-compete agreement Conflitti had with Commonwealth Financial has expired, so it’s game-on.

Conflitti expects to add at least 50 people to his fledgling operation over the next year. And he’s building it up in the same place he built up NC&C. The agency recently added a client with 35,000 past-due accounts totaling $170 million, Mr. Conflitti told the Times Tribune.