For Cfs, Bad Debts Are Sweet Profits

Never heard of CFS? It's reaping eye-popping gains from delinquent credit-card loans

From his 55th-floor perch adjacent to the Oral Roberts University campus, William R. Bartmann is already plotting his next extravaganza. If June and July revenue targets are met, he will fly 4,500 employees and guests to Las Vegas in September for a mud-wrestling match: Bartmann vs. one of his top executives. The following month, he plans to take employees, filling 200 train cars, to a baseball game in Kansas City, Mo.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.