Security Credit Services acquires Commonwealth VA based Jormandy

Oxford, MS – November 2, 2021. Security Credit Services, (SCS) an Oxford, MS based nationally known and trusted purchaser of both performing and non-performing receivables, announces its acquisition of Jormandy, LLC, based in Norfolk, VA.

Jormandy, a purchaser and collector of receivables throughout the Commonwealth of VA, has always embraced the latest in software and technology available within the collection and receivables buying industry, which is a testament to the company’s focus on compliance and operational efficiencies. The group is led by Ms. Susan P. Becker (CEO) who will be instrumental in the transitioning of leadership to Diane Manning, Jormandy’s lead attorney. Diane Manning, along with team members from its existing staff will remain on board and continue to run its operations in Norfolk, VA, working closely with SCS leadership.

“We are very excited to become part of the SCS family. We began our business relationship many years ago, and it has continued to strengthen over the years based on our mutual goals and objectives throughout the industry. Jormandy has been involved in the industry for almost twenty-three years. We take pride in working with our consumers to reach the best possible resolution to their financial difficulties in a courteous and professional manner. Our company looks forward to joining Security Credit in continuing to meet these goals,” stated Susan Becker, CEO of Jormandy.

“SCS and Jormandy have enjoyed a professional relationship that spans over a decade, which makes us extremely excited about welcoming Jormandy into the SCS family. Both firms are award-winning, industry compliant and trusted, which should integrate well into our existing structure. Security Credit Services will continue the Jormandy brand and VA operation as it adds a strategical component to our future initiatives,” stated Kaye Dreifuerst, President of Security Credit Services.

Both SCS and Jormandy are RMAI Certified Receivables businesses and very involved in the industry.