WASHINGTON, D.C. 20549


                                    FORM 8-K


                                 CURRENT REPORT
                         PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

        Date of Report (Date of earliest event reported): April 17, 2003

                           ENCORE CAPITAL GROUP, INC.
             (Exact Name of Registrant as Specified in its Charter)

          DELAWARE                        000-26489              48-1090909
(State or other jurisdiction of   (Commission File Number)    (I.R.S Employer
incorporation or organization)                              (Identification No.)

                                5775 ROSCOE COURT
                           SAN DIEGO, CALIFORNIA 92123
               (Address of Principal Executive Offices) (Zip Code)

                                 (877) 445-4581
              (Registrant's Telephone Number, Including Area Code)



            On April 17, 2003 the Company issued a press release announcing the
payment in full of all obligations under its Warehouse Facility and
Securitization 99-1. A copy of the press release is attached to this Current
Report on Form 8-K as Exhibit 99.1 and is incorporated herein solely for
purposes of this Item 9.

            The information in this Current Report on Form 8-K, including the
exhibit, is furnished pursuant to Item 9 and shall not be deemed "filed" for the
purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise
subject to the liabilities under that Section. Furthermore, the information in
this Current Report on Form 8-K, including the exhibit, shall not be deemed to
be incorporated by reference into the filings of Encore Capital Group, Inc.
under the Securities Act of 1933.


         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                     ENCORE CAPITAL GROUP, INC.

Date:    April 17, 2003              By   /s/ Barry R. Barkley
                                          Barry R. Barkley
                                          Executive Vice President,
                                          Chief Financial Officer and Treasurer


                                  EXHIBIT INDEX

          Exhibit                     Description
           99.1              Press release dated April 17, 2003.