Exhibit 12.1

Encore Capital Group, Inc.

Computation of Ratio of Earnings to Fixed Charges

(in thousands)

	Fiscal Years												Nine months ended September 30,
	2004		2003		2002		2001			2000			2005		2004
Earnings before income taxes	$	38,846	$	29,423	$	8,086	$	(9,716	)	$	(30,987	)	$	39,303	$	29,172
Fixed charges:
Interest Expense on all indebtedness		35,330		20,479		18,592		10,945			7,829			24,939		26,829
Rental expense deemed to be representative of interest		367		319		439		433			367			433		236
Total fixed charges		35,697		20,798		19,031		11,378			8,196			25,372		27,065
Earnings before income taxes, plus fixed charges		74,543		50,221		27,117		1,662			(22,791	)		64,675		56,237
Dollar value of deficit											(30,987	)
Ratio of earnings to fixed charges(1)		2.09		2.41		1.42		0.15			(2.78	)		2.55		2.08

(1) These computations include us and our consolidated subsidiaries. For purposes of computing this ratio of earnings to fixed charges, “fixed charges” consist of interest expense on all indebtedness, amortization of debt issuance costs, and that portion of rental expense deemed to be representative of interest. Earnings consist of income (loss) before provision for income taxes plus fixed charges.