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    <link:label id="lab_us-gaap_DebtInstrumentLineItems_E05887E68E173773ACE6F9EC7CE49E87_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentLineItems_E05887E68E173773ACE6F9EC7CE49E87" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="loc_us-gaap_DebtInstrumentLineItems_E05887E68E173773ACE6F9EC7CE49E87" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_2D9F67A33C8A01676268F9EC7CE4DAB3_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_2D9F67A33C8A01676268F9EC7CE4DAB3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revolving credit facility</link:label>
    <link:label id="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_2D9F67A33C8A01676268F9EC7CE4DAB3_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_2D9F67A33C8A01676268F9EC7CE4DAB3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Maximum Borrowing Capacity</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_2D9F67A33C8A01676268F9EC7CE4DAB3" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_DA57A9E71A15E640E061F9EC7CE4FE19_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_DA57A9E71A15E640E061F9EC7CE4FE19" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Basis spread on variable rate (percent)</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_DA57A9E71A15E640E061F9EC7CE4FE19_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_DA57A9E71A15E640E061F9EC7CE4FE19" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Basis Spread on Variable Rate</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:label="loc_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_DA57A9E71A15E640E061F9EC7CE4FE19" xlink:type="locator" />
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    <link:label id="lab_ecpg_BorrowingBaseOfFaceValueOfTaxLienCollateralizedNotes_97DDA0CE0F6ACDDB1FB7F9EC7CE43F05_terseLabel_en-US" xlink:label="lab_ecpg_BorrowingBaseOfFaceValueOfTaxLienCollateralizedNotes_97DDA0CE0F6ACDDB1FB7F9EC7CE43F05" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Borrowing base of the face value of the tax lien collateralized notes (percent)</link:label>
    <link:label id="lab_ecpg_BorrowingBaseOfFaceValueOfTaxLienCollateralizedNotes_97DDA0CE0F6ACDDB1FB7F9EC7CE43F05_label_en-US" xlink:label="lab_ecpg_BorrowingBaseOfFaceValueOfTaxLienCollateralizedNotes_97DDA0CE0F6ACDDB1FB7F9EC7CE43F05" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Borrowing Base Of Face Value Of Tax Lien Collateralized Notes</link:label>
    <link:label id="lab_ecpg_BorrowingBaseOfFaceValueOfTaxLienCollateralizedNotes_97DDA0CE0F6ACDDB1FB7F9EC7CE43F05_documentation_en-US" xlink:label="lab_ecpg_BorrowingBaseOfFaceValueOfTaxLienCollateralizedNotes_97DDA0CE0F6ACDDB1FB7F9EC7CE43F05" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Borrowing base of the face value of the tax lien collateralized notes.</link:label>
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    <link:label id="lab_us-gaap_LineOfCredit_0EB449BF203A4FCF374BF9EC7CE44677_verboseLabel_en-US" xlink:label="lab_us-gaap_LineOfCredit_0EB449BF203A4FCF374BF9EC7CE44677" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Credit facility, outstanding amount</link:label>
    <link:label id="lab_us-gaap_LineOfCredit_0EB449BF203A4FCF374BF9EC7CE44677_label_en-US" xlink:label="lab_us-gaap_LineOfCredit_0EB449BF203A4FCF374BF9EC7CE44677" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Line of Credit</link:label>
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    <link:label id="lab_us-gaap_DebtInstrumentInterestRateDuringPeriod_B533083D83F1831679B7F9EC7CE48B0A_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateDuringPeriod_B533083D83F1831679B7F9EC7CE48B0A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average interest rate (percent)</link:label>
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    <link:label id="lab_ecpg_AdditionalLoanAmountDrawn_D2BEDD2E469025683D3AF9EC7CE44085_terseLabel_en-US" xlink:label="lab_ecpg_AdditionalLoanAmountDrawn_D2BEDD2E469025683D3AF9EC7CE44085" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additional draws</link:label>
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    <link:label id="lab_ecpg_DebtInstrumentTermExtensionPeriod_C90AF47076E228B87D86FA13671F3F4C_terseLabel_en-US" xlink:label="lab_ecpg_DebtInstrumentTermExtensionPeriod_C90AF47076E228B87D86FA13671F3F4C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt instrument, extension period</link:label>
    <link:label id="lab_ecpg_DebtInstrumentTermExtensionPeriod_C90AF47076E228B87D86FA13671F3F4C_label_en-US" xlink:label="lab_ecpg_DebtInstrumentTermExtensionPeriod_C90AF47076E228B87D86FA13671F3F4C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument Term Extension Period</link:label>
    <link:label id="lab_ecpg_DebtInstrumentTermExtensionPeriod_C90AF47076E228B87D86FA13671F3F4C_documentation_en-US" xlink:label="lab_ecpg_DebtInstrumentTermExtensionPeriod_C90AF47076E228B87D86FA13671F3F4C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt Instrument Term Extension Period</link:label>
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    <link:label id="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_2381B8E65E52D8541E55F9EC7CE40CF2_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_2381B8E65E52D8541E55F9EC7CE40CF2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt instrument, stated interest rate (percent)</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_2381B8E65E52D8541E55F9EC7CE40CF2_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_2381B8E65E52D8541E55F9EC7CE40CF2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Interest Rate, Stated Percentage</link:label>
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    <link:label id="lab_us-gaap_DebtInstrumentFaceAmount_80B662551D3B7CACB3CEF9EC7CE4668B_verboseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentFaceAmount_80B662551D3B7CACB3CEF9EC7CE4668B" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Convertible senior notes sold</link:label>
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    <link:label id="lab_ecpg_PropertyTaxPaymentAgreementsReceivableNet_6B338CB8FE8AE7AC7BDBF9EC7CE4A05F_terseLabel_en-US" xlink:label="lab_ecpg_PropertyTaxPaymentAgreementsReceivableNet_6B338CB8FE8AE7AC7BDBF9EC7CE4A05F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Receivables secured by property tax liens, net</link:label>
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    <link:label id="lab_ecpg_PropertyTaxPaymentAgreementsReceivableNet_6B338CB8FE8AE7AC7BDBF9EC7CE4A05F_documentation_en-US" xlink:label="lab_ecpg_PropertyTaxPaymentAgreementsReceivableNet_6B338CB8FE8AE7AC7BDBF9EC7CE4A05F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Property Tax Payment Agreements Receivable, Net</link:label>
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    <link:label id="lab_us-gaap_OtherLongTermDebt_96251EFF9738F10B5590F9EC7CE51693_verboseLabel_en-US" xlink:label="lab_us-gaap_OtherLongTermDebt_96251EFF9738F10B5590F9EC7CE51693" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Term loan facility</link:label>
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    <link:label id="lab_ecpg_PropertyTaxPaymentAgreementsReceivablePrincipalBalance_51C3C8C229BFF8397816F9EC7CE51038_terseLabel_en-US" xlink:label="lab_ecpg_PropertyTaxPaymentAgreementsReceivablePrincipalBalance_51C3C8C229BFF8397816F9EC7CE51038" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Receivable secured by property tax liens, principal amount</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtInstrumentTerm" xlink:label="loc_us-gaap_DebtInstrumentTerm_D023D75C7731CFABA7A50119D230B764" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LineOfCreditFacilityExpirationDate1_2AC714ACE6412677A34E0119D230D81A_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityExpirationDate1_2AC714ACE6412677A34E0119D230D81A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Expiration Date</link:label>
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    <link:label id="lab_ecpg_DebtInstrumentNumberofSubtranches_6427C3915005EB39D8A10119D2304530_terseLabel_en-US" xlink:label="lab_ecpg_DebtInstrumentNumberofSubtranches_6427C3915005EB39D8A10119D2304530" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, number of subtranches</link:label>
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    <link:loc xlink:href="ecpg-20150630.xsd#ecpg_DebtInstrumentNumberofSubtranches" xlink:label="loc_ecpg_DebtInstrumentNumberofSubtranches_6427C3915005EB39D8A10119D2304530" xlink:type="locator" />
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_F101EC2B036AF2F258830119D230B67E" xlink:to="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_F101EC2B036AF2F258830119D230B67E" xlink:type="arc" />
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    <link:label id="lab_ecpg_BorrowingBaseAsPercentageOfEligibleEstimatedCollectionRangeStart_E0ED393DDBAC6471AF050119D230DCEC_terseLabel_en-US" xlink:label="lab_ecpg_BorrowingBaseAsPercentageOfEligibleEstimatedCollectionRangeStart_E0ED393DDBAC6471AF050119D230DCEC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Borrowing base as percentage of eligible estimated collection range start (percent)</link:label>
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    <link:label id="lab_ecpg_BorrowingVaseAsPercentageOfEligibleEstimatedCollectionRangeEnd_1883CE51CA2732FD42210119D23070E5_terseLabel_en-US" xlink:label="lab_ecpg_BorrowingVaseAsPercentageOfEligibleEstimatedCollectionRangeEnd_1883CE51CA2732FD42210119D23070E5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Borrowing base as percentage of eligible estimated collection range end (percent)</link:label>
    <link:label id="lab_ecpg_BorrowingVaseAsPercentageOfEligibleEstimatedCollectionRangeEnd_1883CE51CA2732FD42210119D23070E5_label_en-US" xlink:label="lab_ecpg_BorrowingVaseAsPercentageOfEligibleEstimatedCollectionRangeEnd_1883CE51CA2732FD42210119D23070E5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Borrowing Vase As Percentage Of Eligible Estimated Collection Range End</link:label>
    <link:label id="lab_ecpg_BorrowingVaseAsPercentageOfEligibleEstimatedCollectionRangeEnd_1883CE51CA2732FD42210119D23070E5_documentation_en-US" xlink:label="lab_ecpg_BorrowingVaseAsPercentageOfEligibleEstimatedCollectionRangeEnd_1883CE51CA2732FD42210119D23070E5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Borrowing base as percentage of eligible estimated collection range end.</link:label>
    <link:loc xlink:href="ecpg-20150630.xsd#ecpg_BorrowingVaseAsPercentageOfEligibleEstimatedCollectionRangeEnd" xlink:label="loc_ecpg_BorrowingVaseAsPercentageOfEligibleEstimatedCollectionRangeEnd_1883CE51CA2732FD42210119D23070E5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ecpg_BorrowingVaseAsPercentageOfEligibleEstimatedCollectionRangeEnd_1883CE51CA2732FD42210119D23070E5" xlink:to="lab_ecpg_BorrowingVaseAsPercentageOfEligibleEstimatedCollectionRangeEnd_1883CE51CA2732FD42210119D23070E5" xlink:type="arc" />
    <link:label id="lab_ecpg_PercentageOfEligibleEstimatedRemainingCollections_9331AFD4ED36435773540119D230DB59_terseLabel_en-US" xlink:label="lab_ecpg_PercentageOfEligibleEstimatedRemainingCollections_9331AFD4ED36435773540119D230DB59" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of eligible estimated remaining collections (percent)</link:label>
    <link:label id="lab_ecpg_PercentageOfEligibleEstimatedRemainingCollections_9331AFD4ED36435773540119D230DB59_label_en-US" xlink:label="lab_ecpg_PercentageOfEligibleEstimatedRemainingCollections_9331AFD4ED36435773540119D230DB59" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Of Eligible Estimated Remaining Collections</link:label>
    <link:label id="lab_ecpg_PercentageOfEligibleEstimatedRemainingCollections_9331AFD4ED36435773540119D230DB59_documentation_en-US" xlink:label="lab_ecpg_PercentageOfEligibleEstimatedRemainingCollections_9331AFD4ED36435773540119D230DB59" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of eligible estimated remaining collections.</link:label>
    <link:loc xlink:href="ecpg-20150630.xsd#ecpg_PercentageOfEligibleEstimatedRemainingCollections" xlink:label="loc_ecpg_PercentageOfEligibleEstimatedRemainingCollections_9331AFD4ED36435773540119D230DB59" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ecpg_PercentageOfEligibleEstimatedRemainingCollections_9331AFD4ED36435773540119D230DB59" xlink:to="lab_ecpg_PercentageOfEligibleEstimatedRemainingCollections_9331AFD4ED36435773540119D230DB59" xlink:type="arc" />
    <link:label id="lab_ecpg_DebtInstrumentBorrowingBaseAsPercentageOfReceivables_9FBF5ACF420EE16AFD350119D23010A6_terseLabel_en-US" xlink:label="lab_ecpg_DebtInstrumentBorrowingBaseAsPercentageOfReceivables_9FBF5ACF420EE16AFD350119D23010A6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Eligible estimated remaining collections for consumer receivables (percent)</link:label>
    <link:label id="lab_ecpg_DebtInstrumentBorrowingBaseAsPercentageOfReceivables_9FBF5ACF420EE16AFD350119D23010A6_label_en-US" xlink:label="lab_ecpg_DebtInstrumentBorrowingBaseAsPercentageOfReceivables_9FBF5ACF420EE16AFD350119D23010A6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument Borrowing Base As Percentage Of Receivables</link:label>
    <link:label id="lab_ecpg_DebtInstrumentBorrowingBaseAsPercentageOfReceivables_9FBF5ACF420EE16AFD350119D23010A6_documentation_en-US" xlink:label="lab_ecpg_DebtInstrumentBorrowingBaseAsPercentageOfReceivables_9FBF5ACF420EE16AFD350119D23010A6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt instrument borrowing base as percentage of receivables.</link:label>
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    <link:label id="lab_ecpg_PercentageOfMultiplyingFactor_83C1265DB793CEF2750B0119D2302EF9_terseLabel_en-US" xlink:label="lab_ecpg_PercentageOfMultiplyingFactor_83C1265DB793CEF2750B0119D2302EF9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of multiplying factor (percent)</link:label>
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    <link:label id="lab_ecpg_PercentageOfMultiplyingFactor_83C1265DB793CEF2750B0119D2302EF9_documentation_en-US" xlink:label="lab_ecpg_PercentageOfMultiplyingFactor_83C1265DB793CEF2750B0119D2302EF9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of multiplying factor.</link:label>
    <link:loc xlink:href="ecpg-20150630.xsd#ecpg_PercentageOfMultiplyingFactor" xlink:label="loc_ecpg_PercentageOfMultiplyingFactor_83C1265DB793CEF2750B0119D2302EF9" xlink:type="locator" />
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    <link:label id="lab_ecpg_CashFlowLeverageRatio_60080D3032747E430F740119D230FF55_terseLabel_en-US" xlink:label="lab_ecpg_CashFlowLeverageRatio_60080D3032747E430F740119D230FF55" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash flow leverage ratio</link:label>
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    <link:label id="lab_ecpg_CashFlowLeverageRatio_60080D3032747E430F740119D230FF55_documentation_en-US" xlink:label="lab_ecpg_CashFlowLeverageRatio_60080D3032747E430F740119D230FF55" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash Flow Leverage Ratio</link:label>
    <link:loc xlink:href="ecpg-20150630.xsd#ecpg_CashFlowLeverageRatio" xlink:label="loc_ecpg_CashFlowLeverageRatio_60080D3032747E430F740119D230FF55" xlink:type="locator" />
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    <link:label id="lab_ecpg_MaximumAdditionalUnsecuredDebt_2C55C7714B2DDC17DC560119D230ED52_terseLabel_en-US" xlink:label="lab_ecpg_MaximumAdditionalUnsecuredDebt_2C55C7714B2DDC17DC560119D230ED52" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Allowance of additional unsecured indebtedness</link:label>
    <link:label id="lab_ecpg_MaximumAdditionalUnsecuredDebt_2C55C7714B2DDC17DC560119D230ED52_label_en-US" xlink:label="lab_ecpg_MaximumAdditionalUnsecuredDebt_2C55C7714B2DDC17DC560119D230ED52" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maximum Additional Unsecured Debt</link:label>
    <link:label id="lab_ecpg_MaximumAdditionalUnsecuredDebt_2C55C7714B2DDC17DC560119D230ED52_documentation_en-US" xlink:label="lab_ecpg_MaximumAdditionalUnsecuredDebt_2C55C7714B2DDC17DC560119D230ED52" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Maximum Additional Unsecured Debt</link:label>
    <link:loc xlink:href="ecpg-20150630.xsd#ecpg_MaximumAdditionalUnsecuredDebt" xlink:label="loc_ecpg_MaximumAdditionalUnsecuredDebt_2C55C7714B2DDC17DC560119D230ED52" xlink:type="locator" />
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    <link:label id="lab_ecpg_StockRepurchaseProgramMaximumAmountOfCommonStock_47B890CFC6D2C7EE06D40119D230C71F_terseLabel_en-US" xlink:label="lab_ecpg_StockRepurchaseProgramMaximumAmountOfCommonStock_47B890CFC6D2C7EE06D40119D230C71F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Company's repurchases, common stock</link:label>
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    <link:label id="lab_ecpg_StockRepurchaseProgramMaximumAmountOfCommonStock_47B890CFC6D2C7EE06D40119D230C71F_documentation_en-US" xlink:label="lab_ecpg_StockRepurchaseProgramMaximumAmountOfCommonStock_47B890CFC6D2C7EE06D40119D230C71F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Stock repurchase program maximum amount of common stock.</link:label>
    <link:loc xlink:href="ecpg-20150630.xsd#ecpg_StockRepurchaseProgramMaximumAmountOfCommonStock" xlink:label="loc_ecpg_StockRepurchaseProgramMaximumAmountOfCommonStock_47B890CFC6D2C7EE06D40119D230C71F" xlink:type="locator" />
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    <link:label id="lab_ecpg_PercentageOfOutstandingVotingStock_C884B513D5C589C1070F0119D230CC5A_terseLabel_en-US" xlink:label="lab_ecpg_PercentageOfOutstandingVotingStock_C884B513D5C589C1070F0119D230CC5A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of acquisitions excluded</link:label>
    <link:label id="lab_ecpg_PercentageOfOutstandingVotingStock_C884B513D5C589C1070F0119D230CC5A_label_en-US" xlink:label="lab_ecpg_PercentageOfOutstandingVotingStock_C884B513D5C589C1070F0119D230CC5A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Of Outstanding Voting Stock</link:label>
    <link:label id="lab_ecpg_PercentageOfOutstandingVotingStock_C884B513D5C589C1070F0119D230CC5A_documentation_en-US" xlink:label="lab_ecpg_PercentageOfOutstandingVotingStock_C884B513D5C589C1070F0119D230CC5A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage Of Outstanding Voting Stock</link:label>
    <link:loc xlink:href="ecpg-20150630.xsd#ecpg_PercentageOfOutstandingVotingStock" xlink:label="loc_ecpg_PercentageOfOutstandingVotingStock_C884B513D5C589C1070F0119D230CC5A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ecpg_PercentageOfOutstandingVotingStock_C884B513D5C589C1070F0119D230CC5A" xlink:to="lab_ecpg_PercentageOfOutstandingVotingStock_C884B513D5C589C1070F0119D230CC5A" xlink:type="arc" />
    <link:label id="lab_ecpg_AcquisitionLimit_A1E6AE04CF4B768D22840119D230D94F_terseLabel_en-US" xlink:label="lab_ecpg_AcquisitionLimit_A1E6AE04CF4B768D22840119D230D94F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquisition limit</link:label>
    <link:label id="lab_ecpg_AcquisitionLimit_A1E6AE04CF4B768D22840119D230D94F_label_en-US" xlink:label="lab_ecpg_AcquisitionLimit_A1E6AE04CF4B768D22840119D230D94F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Acquisition Limit</link:label>
    <link:label id="lab_ecpg_AcquisitionLimit_A1E6AE04CF4B768D22840119D230D94F_documentation_en-US" xlink:label="lab_ecpg_AcquisitionLimit_A1E6AE04CF4B768D22840119D230D94F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Acquisition Limit</link:label>
    <link:loc xlink:href="ecpg-20150630.xsd#ecpg_AcquisitionLimit" xlink:label="loc_ecpg_AcquisitionLimit_A1E6AE04CF4B768D22840119D230D94F" xlink:type="locator" />
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    <link:label id="lab_ecpg_DebtInstrumentCovenantMaximumPercentageofConsolidatedNetWorth_96E2917B41249020DF0C0119D23090D1_terseLabel_en-US" xlink:label="lab_ecpg_DebtInstrumentCovenantMaximumPercentageofConsolidatedNetWorth_96E2917B41249020DF0C0119D23090D1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit facility, provision, investments not to exceed maximum percentage of consolidated net worth (percent)</link:label>
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    <link:label id="lab_ecpg_OtherLongTermDebtAndLineOfCreditFacilityAmountOutstanding_3D8B373326576A92D59C0119D2303C88_terseLabel_en-US" xlink:label="lab_ecpg_OtherLongTermDebtAndLineOfCreditFacilityAmountOutstanding_3D8B373326576A92D59C0119D2303C88" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amount outstanding</link:label>
    <link:label id="lab_ecpg_OtherLongTermDebtAndLineOfCreditFacilityAmountOutstanding_3D8B373326576A92D59C0119D2303C88_label_en-US" xlink:label="lab_ecpg_OtherLongTermDebtAndLineOfCreditFacilityAmountOutstanding_3D8B373326576A92D59C0119D2303C88" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Long Term Debt And Line Of Credit Facility Amount Outstanding</link:label>
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    <link:label id="lab_us-gaap_ConvertibleNotesPayableMember_87BCE69BA08FEF883FA5F9EC7CF80B4E_terseLabel_en-US" xlink:label="lab_us-gaap_ConvertibleNotesPayableMember_87BCE69BA08FEF883FA5F9EC7CF80B4E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Convertible Notes [Member]</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ConvertibleNotesPayableMember" xlink:label="loc_us-gaap_ConvertibleNotesPayableMember_87BCE69BA08FEF883FA5F9EC7CF80B4E" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_6A5B6F7A546F0114D486FE4FD95655CB_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_6A5B6F7A546F0114D486FE4FD95655CB" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Cash paid for acquisitions, net of cash acquired</link:label>
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    <link:label id="lab_us-gaap_PaymentsToAcquireFinanceReceivables_4B58595B6422033D895DFE4FD956CD6A_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireFinanceReceivables_4B58595B6422033D895DFE4FD956CD6A" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Purchases of receivable portfolios, net of put-backs</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsToAcquireFinanceReceivables" xlink:label="loc_us-gaap_PaymentsToAcquireFinanceReceivables_4B58595B6422033D895DFE4FD956CD6A" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ProceedsFromCollectionOfFinanceReceivables_E8E7F913C79E888CF603FE4FD9566F94_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromCollectionOfFinanceReceivables_E8E7F913C79E888CF603FE4FD9566F94" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Collections applied to investment in receivable portfolios, net</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProceedsFromCollectionOfFinanceReceivables" xlink:label="loc_us-gaap_ProceedsFromCollectionOfFinanceReceivables_E8E7F913C79E888CF603FE4FD9566F94" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsToAcquireNotesReceivable_9D65F460BA18D8DB3BCDFE4FD9567295_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireNotesReceivable_9D65F460BA18D8DB3BCDFE4FD9567295" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Originations and purchases of receivables secured by tax liens</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsToAcquireNotesReceivable" xlink:label="loc_us-gaap_PaymentsToAcquireNotesReceivable_9D65F460BA18D8DB3BCDFE4FD9567295" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ProceedsFromCollectionOfNotesReceivable_B39929ACA1BDE0157430FE4FD95633A9_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromCollectionOfNotesReceivable_B39929ACA1BDE0157430FE4FD95633A9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Collections applied to receivables secured by tax liens</link:label>
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    <link:label id="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_71E7E6752E1E612BC50CFE4FD95696D2_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_71E7E6752E1E612BC50CFE4FD95696D2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Purchases of property and equipment</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:label="loc_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_71E7E6752E1E612BC50CFE4FD95696D2" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_CC239B1E54407234E715FE4FD956B956_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_CC239B1E54407234E715FE4FD956B956" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Other, net</link:label>
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations_346A75B1785B995DB251FE4FD956EFDB_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations_346A75B1785B995DB251FE4FD956EFDB" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash used in investing activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations_346A75B1785B995DB251FE4FD956EFDB_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations_346A75B1785B995DB251FE4FD956EFDB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities, Continuing Operations</link:label>
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_604D28F5DBC87C65C878FE4FD95736D5_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_604D28F5DBC87C65C878FE4FD95736D5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financing activities:</link:label>
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    <link:label id="lab_us-gaap_ProceedsFromLongTermLinesOfCredit_6893BFBD12660E233DF0FE4FD9576921_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromLongTermLinesOfCredit_6893BFBD12660E233DF0FE4FD9576921" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from credit facilities</link:label>
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    <link:label id="lab_ecpg_CabotCreditAgreementMember_FF2854DE20828453793DFEB7A76DE871_terseLabel_en-US" xlink:label="lab_ecpg_CabotCreditAgreementMember_FF2854DE20828453793DFEB7A76DE871" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cabot Credit Agreement [Member]</link:label>
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    <link:label id="lab_us-gaap_SeniorLoansMember_2C0F41F53B35A9C3C410FEB7A76D51A1_terseLabel_en-US" xlink:label="lab_us-gaap_SeniorLoansMember_2C0F41F53B35A9C3C410FEB7A76D51A1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Super Senior Loan [Member]</link:label>
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    <link:label id="lab_ecpg_LineofCreditFacilityIncreasetoMaximumBorrowingCapacityAccordionProvision_27ABF594FC57F44D63E1FEB7A76D9A9A_terseLabel_en-US" xlink:label="lab_ecpg_LineofCreditFacilityIncreasetoMaximumBorrowingCapacityAccordionProvision_27ABF594FC57F44D63E1FEB7A76D9A9A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Line of credit facility, increase to maximum borrowing capacity, accordion provision</link:label>
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    <link:label id="lab_ecpg_LineofCreditFacilityIncreasetoMaximumBorrowingCapacityAccordionProvision_27ABF594FC57F44D63E1FEB7A76D9A9A_documentation_en-US" xlink:label="lab_ecpg_LineofCreditFacilityIncreasetoMaximumBorrowingCapacityAccordionProvision_27ABF594FC57F44D63E1FEB7A76D9A9A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Increase to Maximum Borrowing Capacity, Accordion Provision</link:label>
    <link:loc xlink:href="ecpg-20150630.xsd#ecpg_LineofCreditFacilityIncreasetoMaximumBorrowingCapacityAccordionProvision" xlink:label="loc_ecpg_LineofCreditFacilityIncreasetoMaximumBorrowingCapacityAccordionProvision_27ABF594FC57F44D63E1FEB7A76D9A9A" xlink:type="locator" />
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    <link:label id="lab_ecpg_MaximumLoanToValueRatio_D4BA491F5B45B57AC7ECFEB7A76EBEBD_terseLabel_en-US" xlink:label="lab_ecpg_MaximumLoanToValueRatio_D4BA491F5B45B57AC7ECFEB7A76EBEBD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum loan to value ratio</link:label>
    <link:label id="lab_ecpg_MaximumLoanToValueRatio_D4BA491F5B45B57AC7ECFEB7A76EBEBD_label_en-US" xlink:label="lab_ecpg_MaximumLoanToValueRatio_D4BA491F5B45B57AC7ECFEB7A76EBEBD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maximum Loan To Value Ratio</link:label>
    <link:label id="lab_ecpg_MaximumLoanToValueRatio_D4BA491F5B45B57AC7ECFEB7A76EBEBD_documentation_en-US" xlink:label="lab_ecpg_MaximumLoanToValueRatio_D4BA491F5B45B57AC7ECFEB7A76EBEBD" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Maximum Loan To Value Ratio</link:label>
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    <link:label id="lab_ecpg_DebtInstrumentStepUpinBasisSpreadOnVariableRate_6A8B1351F8F860771AB5FEB7A76E362F_terseLabel_en-US" xlink:label="lab_ecpg_DebtInstrumentStepUpinBasisSpreadOnVariableRate_6A8B1351F8F860771AB5FEB7A76E362F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Step up in basis spread on variable rate (percent)</link:label>
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