Quantrax Corporation, Inc. today announced that the company will continue its partnership with Financial Management Systems (FMS), an accounts receivable management (ARM) firm dedicated exclusively to the student loan sector.
The U.S. Department of Education (ED), which hires Private Collection Agencies (PCAs), incentivizes those PCAs to subcontract to small businesses, and remains the largest Federal buyer of collection agency services, received an “A” grade for FY2013, with room for improvement in a few areas.
The student loan market is the second-largest debt pool in the U.S.; and since it’s also the fastest-growing collections market, it may soon become the biggest pool nationwide. This means that if your collection agency isn’t involved in the student loan market, then you’re missing out on your share of a $1 trillion pot.
ConServe employees, along with the company’s “Matching Gift Program,” donated a combined $8,540 through its “Jeans for Charity” program in July to Honor Flight Rochester and Honor Flight Buffalo.
The Higher Education Affordability Act, proposed by Sen. Tom Harkin (D-Iowa), would require the Department of Education to terminate contracts with private collection agencies if they violate the FDCPA or UDAAP.
The third-party debt collection industry returned some $45 billion to creditors and other clients in 2013, according to a study released today by ACA International. The report, based on a survey and other statistical analysis by Ernst & Young, is the latest in a series of comprehensive industry studies.
The vast majority of collection opportunities within the student loan marketplace have been with state and federal government clients, private guarantors (like Sallie Mae), and private lenders (like large financial institutions). So, what’s available today? That’s the topic of a webinar scheduled for Tuesday, 29 July 2014, at 2.00 p.m. Eastern, sponsored by FICO. REGISTER […]
Continental Service Group, Inc., d/b/a: ConServe, a leading provider of collection services for Commercial, Government and Higher Education sectors today announced that Cheektowaga, NY, just outside Buffalo, will be the site of ConServe’s new 25,000 sq. foot state-of-the-art Communication Center.
Massive private equity firms are exploring investing in or outright acquiring student loan collection agencies as the market for student loans grows at a silly rate, according to FOX Business.
The current Department of Education (ED) initiative to procure Private Collection Agency (PCA) services is off track, with long-term negative effects for many college students and tens of thousands of workers and their families if not corrected soon.