National Credit Services (NCS) and Fed Cetera are pleased to announce that NCS has won Fed Cetera’s first-ever Robert J. Prince Award for outstanding performance as a subcontractor on the Department of Education’s (ED) Private Collection Agency (PCA) contract.
The award is given to a small business subcontractor whose exceptional performance, provided in a compliant environment, has had a substantial impact on performance for ED among small business subcontractors in the previous year. Working for ED PCA Account Control Technology, Inc. since 2011, NCS displayed outstanding performance across the board in 2013, earning the company this honor for 2014.
“It’s an honor to be recognized and receive the first-ever Robert J. Prince Award,” said Haidari Sarajy, President of NCS. “I would like to credit Account Control Technology for their trust and unwavering support throughout the past three years as well as my NCS team for their hard work and accountability. Their commitment to respectfully communicating with ED borrowers and following compliance guidelines has made this all possible.”
“ACT has had the pleasure of mentoring NCS for three years, and the company’s recent achievement is well-deserved,” said Nabil Kabbani, CEO of ACT. “NCS eagerly adopted ACT’s time-tested, consultative approach to debt collection, and their outstanding performance shows that treating borrowers with respect leads to the best outcomes for all parties involved.”
NCS is currently one of only a handful of small businesses competing to win a small business set-aside contract from ED this year for a procurement that started in March of 2013. As reported on www.mygovwatch.com, due to increases in volume, ED’s business with its more than three dozen contractors and subcontractors is expected to reach $700,000,000 per year by 2015. Fed Cetera helps small businesses tap into subcontracting opportunities available through the ED contract.
“We have been pleased to have the chance to work with ACT on its subcontracting strategy since 2011,” said Leah Wilson Conger of Fed Cetera, continuing, “this arm’s-length relationship not only follows the letter and the spirit of ED’s subcontracting program for PCAs, but also shows that PCAs willing to offer their expertise to small businesses can help drive small business growth in a way that reinforces what ED is trying to accomplish.”
The ED PCA contract employs thousands of American workers. In a report published by the Department of the Treasury in March of 2013 and available as a free download here, ED’s total receivables have continued to rise, from $504.7 billion to $643.3 billion, or 27.5%, at the end of FY2012. Its delinquent dollars went up by $120 billion during the same period. Any dollar collected by an ED PCA is one that can conceivably be relent to a future student who aspires to receive a college degree.
Based in Woodinville, WA, National Credit Services is a full service, nationally-licensed collection agency that has been serving businesses across the nation with professional recovery since 1995. The company serves a broad range of clientele in various industries including: higher education, healthcare, financial institutions, retail, commercial and government entities. Account representatives are trained to be the best in the industry by an operation and management team with over 100 years of combined experience. For more information, call 800-324-7564, email email@example.com, or visit www.ncscollect.com.
Account Control Technology, Inc. is a national leader in providing consultative debt management and collection solutions for education, government, and consumer entities. Established in 1990, ACT has been recognized as an Inc. 5000 fastest-growing private company for the past seven years running. The company serves clients nationwide from five office locations: Bakersfield, California; Woodland Hills, California; Mason, Ohio; Dallas, Texas; and San Angelo, Texas. For more information, call 800-394-4228, email firstname.lastname@example.org or visit www.accountcontrol.com
Fed Cetera helps companies in the collection industry pursue opportunities with the Federal government. Federal PCAs have strong incentives to give a portion of their work to qualified small businesses. Companies working with Fed Cetera to pursue subcontracting opportunities recently surpassed $25,000,000 in total billings for their work provided as subcontractors to ED PCAs. Click here to learn more: http://www.netgain4results.com/net-gain-marketing/b2g/federal-subcontracting