Meetings / Aug 5, 2014 / Item 39

Item 39

approved contract consent calendar

Aug 5, 2014

Description

Authorize to exercise the option to renew an existing contract with Premiere Credit of North America LLC, Indianapolis, IN, (originally approved by G&C on 8-14-13, item #15), to perform debt collection services for debts for the Department. Effective upon G&C approval through a period of one year. This contract incurs no outlay of State funds as Premiere Credit of North America LLC is working on a percentage rate of recovery basis. As a first placement debt collector in the debt collection process, Premiere Credit LLC will retain 18% from any funds that are recovered without litigation, as a second placement debt collector in the collection process, Premiere Credit LLC will retain 23% of funds collected without litigation; if litigation is required and approved by the Department, Premiere Credit LLC shall retain 35%.

Vendor
Premiere Credit of North America LLC
Indianapolis, IN
Funding Source
18% from any funds that are recovered without litigation; 23% of funds collected without litigation
Vote Record approved
Joseph Kenney (R) yes
Colin Van Ostern (D) yes
Christopher Sununu (R) yes
Christopher Pappas (D) yes
Debora Pignatelli (D) yes

Documents (1)

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