Stoneleigh Recovery Associates Completes State Licensing Process Through Receipt of Massachusetts Document

Lombard, IL, April 30, 2010 --(PR.com)-- On February 15, 2010, Stoneleigh Recovery Associates, LLC, a financial services company founded in August of 2007 to provide credit card recovery services for its clients, announced that they have completed the arduous task of becoming a nationally-licensed collection agency by completing all the requirements for the state of Massachusetts.

Procuring collection agency licensing by meeting specific state criteria, varies from state to state. Some states require no license while some states require a home state business license in good standing, along with a registered agent contact and annual reporting. Other states have more specific and detailed requirements such as: finger-printing members of management, felony background checks of employees, CPA-reviewed personal and company financials, and surety bonds. There are several states that now require the agency manager to also attend and pass an In-State Collection Law Test. These exams are only given on specific times of the year.

Now that Stoneleigh Recovery Associates has received all applicable state licenses, the company will be able to solicit debt placements from a larger client base, affording opportunity for escalated growth.

About Stoneleigh Recovery Associates

Stoneleigh Recovery Associates was founded in 2007 with a principal focus on Primary Credit Card Collection. Stoneleigh Recovery Associates leverages state-of-the-art technology and a commitment to superior performance to provide our clients with professional, efficient and high-return debt recovery services.

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