Dennis Punches speaks at LBC in May 2016
Dennis G. Punches, founder and former owner and President of Payco American Corporation, graduated from Carroll University with a Bachelor of Science degree in Biology and started as a salesman for a collection agency at 21 years old.
4 years later he borrowed $20,000.00 and bought the company, that would turn into Payco American Corporation and become the largest receivables management corporation in the world.
Dennis became the first entrepreneur in the US to realize the importance of a need for a nation-wide financial teleservices company devoted to the collection of delinquent and defaulted consumer and commercial debt.
Dennis served as President of Payco for 26 years and Chairman for 11 years before he sold the company in 1996 to Outsourcing Solutions Inc for 150 Million Dollars.