Summit Consumer Receivables Acquisitions, LLC

summit consumer receivables acquisitions, llc (“scra” or “summit”) was founded in 2016 to continue the summit companies’ portfolio acquisition legacy from its predecessors summit investment services, llc and summit alternative investments, llc, which have been acquiring consumer loan portfolios since 2007 and together have sourced well over $1 billion in acquisitions. scra’s business model includes the purchasing and divesting of consumer receivables from banks, finance companies, originators and other investment entities. summit partners with organizations that invest in or are interested in investing in pools of consumer receivables in a variety of asset classes. summit has special relationships with traditional banks, both captive and third-party finance companies, seller-originators, and investment banks to name a few, which have either originated consumer loans, acquired ongoing new “flow” originations, or invested in existing “bulk” consumer loan portfolios of performing and/o