Newspaper article THE JOURNAL RECORD

Claims Management Resources to Buy Oklahoma City-Based Credit Collections

Newspaper article THE JOURNAL RECORD

Claims Management Resources to Buy Oklahoma City-Based Credit Collections

Article excerpt

Local property damage recovery firm Claims Management Resources has agreed to purchase Oklahoma City-based third-party debt collector Credit Collections Inc. for an undisclosed sum.

The merger will expand CMR's services to include debt collection for its damage claims clients, said Bill Haaland, a partner in CMR.

With its damage claims business, the company frequently deals with judgments against uninsured drivers that later go to collections, Haaland said.

"We frequently end up sending those to a collection agency; once it's a judgment, it's a collection item," Haaland said. "This fits nicely into that segment of business for us."

Credit Collections will take on the name Account Management Resources Inc. when the sale is finalized Jan. 1.

Claims Management Resources and CCI are both closely associated with the Fudge family of Oklahoma City.

Chip Fudge founded Oklahoma City-based CMR in 1988. The company provides damage claims recovery services for primarily governmental and utility clients. Fudge's partners in CMR include Haaland and Richard Cook.

Claims Management's sister company, Advanced Subrogation Resources Inc. …

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