Free Report: Top 5 FFEL Considerations for Accounts Receivable Firms
Download this Free Report and Learn:
- How market factors may affect new accounts receivable firms' entry to FFEL collections
- Accounts receivable data security and the Office of the Inspector General
- What recent legislative change in CCRA may impact the FFEL accounts receivable market
- Alternatives to FFEL collections for accounts receivable firms
Top 5 FFEL Considerations in Accounts Receivable Management
The Rise of Debt Collection Agencies and Government Receivables
The federal government is increasingly using private debt collection agencies to rehabilitate and collect delinquent debt. In addition to the use of acounts receivable firms by the IRS in the collection of unpaid taxes, the Department of Education (ED) has continued to expand its use of debt collection agencies in the collection of its portfolio of defaulted student loans. Given that Ed’s portfolio of defaulted student loans stands at over $40 billion, the need for accounts receivable management firms will grow.
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Capital Requirements for Accounts Receivable Firms
When pursuing the possibility of contracting with the Department of Education, the first key point of consideration for all interested accounts receivable firms should be the substantial amounts of upfront capital required to compete.
Download Top 5 FFEL Considerations in Accounts Receivable Management and discover more key requirements for account receivable firms dealing with FFEL:
- Why larger accounts receivable firms require larger capital reserves
- How the credit crunch will affect accounts receivable firms looking to secure funding from banks
- The general timeline for profitability for accounts receivable firms on the GSA schedule
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High Consolidation in the Student Loan Accounts Receivable Market
Download Top 5 FFEL Considerations in Accounts Receivable Management and discover:
- Why the student loan accounts receivable industry is one of the fastest growing parts of the accounts receivable management industry
- Why any accounts receivable firm interested in entering this market to consider the makeup of its competitive landscape
- New regulations from the Department of Education regarding accounts receivable operations and contracts
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Accounts Receivable Data Security and the Office of the Inspector General
Data security is a large concern to the accounts receivable management industry. Debt collection agencies worry about the unauthorized release of private financial information about debtors.
Download Top 5 FFEL Considerations in Accounts Receivable Management and discover:
- Why many accounts receivable collection agencies have been investing time and money to upgrade data security systems
- The Office of the Inspector General’s (OIG) role in data-security compliance audits as required by the Federal Information Security Management Act (FISMA)
- Background on FISMA and the effect on accounts receivable firms under contract
Download the FREE Top 5 FFEL Considerations for Accounts Receivable Firms Report now!
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