Free Report: Creative Strategies for Municipal Receivables

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

Creative Strategies for Municipal Receivables

The State of Municipal Receivables

While federal agencies are the largest government receivables clients within the accounts receivable management industry, municipal governments present certain debt collection firms with opportunities for significant growth. The main source of that potential derives from the number of prospective clients.

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Municipalities Are Owed $40 Billion

Municipalities generate roughly $1.25 trillion in revenues each year, a surprising 11% of U.S. GDP. Delinquent government receivables owed to U.S. municipalities has been estimated at approximately $40 billion. All of these indicators point to increasing potential for private sector account receivables companies to collect local government receivables.

Download Creative Strategies for Municipal Receivables and discover more key requirements for account receivable firms dealing with municipalities

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Catch-all Strategies for Delinquent Government Receivables

Download Creative Strategies for Municipal Receivables and discover:

• How several U.S. cities have employed BootFinder, a mobile infrared device that can scan automobile license plates 6o times per second and run them through a database of debtors in real-time, to collect various municipal debts
• How in Arlington, Virginia, the city’s sole camera, which accounted for $90,000 in municipal collection receipts was also applied to any unpaid municipal receivable
• How some local governments have taken even less conventional approaches to municipal collections

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Specific Strategies for Departmental Municipal Receivables

As evidenced by some of their municipal debt collection processes, municipal governments obtain revenue from a variety of sources. There is a range of successful initiatives and recent challenges to effective municipal receivables management. Data about some cities were derived from a research survey on municipal receivables management.

Download Creative Strategies for Municipal Receivables and discover:

• How Chicago has transformed a payment processing system into a municipal receivables debt collection tool
• How San Diego is making progress towards correcting their municipal receivables recovery effort
• Why developing fiscal challenges will make the market for government receivables even more attractive to debt collection agencies

Download the FREE Creative Strategies for Municipal Receivables Report now!

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