NCO Group Inc. said slowing credit card volume led to a net loss at the accounts receivable management company in the second quarter, though it narrowed its loss.

"The second quarter presented many challenges as we began to experience volume reductions from clients as a result of declines in credit card activity and continued weakness in general consumer-spending patterns," Michael J. Barrist, NCO's chairman and chief executive, said last week in a press release.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.