With student loan debt surpassing credit card debt at more than $1 trillion dollars, MyGovWatch.com has announced today a new promotion through December 31, 2012, tailored to small collection companies interested in student loan collections specifically and government collections in general.
Any company with annual average gross billings under $14 million for the years 2009 through 2011 now qualifies to gain access to MyGovWatch.com for about half of what the same level of access would otherwise typically cost, simply by joining the Net Gain Marketing (NGM)/ Consolidated Business Solutions (CBS) network (the NGM/CBS network). The NGM/CBS network is a clearinghouse of small businesses interested in working student loan accounts as subcontracted partners with large collection agencies that do business with the U.S. Department of Education (ED) on its Private Collection Agency (PCA) contract. There is no cost for a small collection agency to join the NGM/CBS network. To take advantage of this promo, click here: http://www.netgain4results.com/net-gain-marketing/b2g/small-biz-promo
The ED PCA contract includes incentives for contractors to give up to 10% of placements to small business subcontractors. Estimates show these incentives could result in revenues of more than $70,000,000 per year to all ED small business subcontractors by 2015 based on known estimates of what prime ED contractors are expected to bill ED per year by then. Since 2009, NGM/CBS has had tremendous success in helping small businesses get a piece of the ED contract. The alliance has helped set up nearly every significant subcontracting relationship related to the ED contract in that timeframe.
Timothy Sullivan, Esq., president of HS Financial Group, is a recent newcomer to the select group of those now working as an ED PCA subcontractor. He stated, “NGM and CBS were essential to our company in securing an ED PCA subcontract. They have delivered on their contractual promises at every step in the process. They have earned our respect as trusted, knowledgeable, first-rate business advisors.”
MyGovWatch.com has revolutionized the field of government contracting in the collection industry by helping subscribers tap into public information in ways never before imagined, letting them know what’s out for bid today, what’s coming out for bid next month and next quarter, and what happened with prior procurements including who bid, what rates each company offered, and why the buyer selected the chosen firm(s) for a particular contract over others. The site expects to publish more than 300 leads this year alone, including dozens of contracts involving student loans. The site also publishes a free, quarterly newsletter about government contracts you can sign up for here: www.netgain4results.com/net-gain-marketing/b2g/the-public-eye-newsletter
It also Tweets the winners of various contracts on Twitter to anyone through the user name @mygvwatch.
Here’s what the president of one regional government contractor had to say about the site. “MyGovWatch.com has proven to be the most effective tool we use in our sales effort. Many products can simply tell you what contracts are out for bid or will be out for bid. Only MyGovWatch.com provides the information that allows us to approach the bid process completely informed. The amount of information provided is unequaled by any other vendor in this field. I consider MyGovWatch.com to be the best value of any of the tools we use, not just in our sales division, but our entire list of vendors. In short, MyGovWatch.com gives users a distinct advantage over those who are operating without it.”
Small businesses participating in the NGM/CBS network benefit by hearing about more ED subcontracting opportunities on a timely basis and receiving expert consulting. Small businesses pay a nominal percentage of resulting transactions, typically offset by improved terms NGM/CBS helps the small business obtain. This service is provided at no cost to large businesses, which, by participating, benefit by tapping into a larger network more pre-qualified choices for potential subcontractors. Instead of a large business responding to every phone call and email from thousands of potential subcontractors, this responsibility can now be offloaded, saving countless hours for management.
- Local, State, and Federal Government Debt Collection Report
- Reading, Writing, and the Arithmetic of Student Loan Defaults
- The Student Loan Issue