COLLINGSWOOD, N.J. -- HS Financial Group, LLC (HSF) is pleased to announce it has surpassed the five-year mark as a subcontractor on the Department of Education’s (ED) Private Collection Agency (PCA) contract. Working for ED PCA GC Services Limited Partnership since 2011, the company has recovered more than $100 million in defaulted student loans while helping nearly 5,000 borrowers come out of default to continue on the path to fully repairing their credit. In that time, the company has also maintained a consistent compliance rating of 96% to 98% in call reviews.
“We are pleased to reach this milestone in longevity as an ED PCA subcontractor and could only have achieved it through the hard work and diligence of our dedicated and professional workforce,” stated Timothy Sullivan, a U.S. Navy veteran and attorney who owns and operates the firm, continuing, “And we look forward to finding the right partner among restricted PCAs to help with the work on that contract initiative as well.”
When the current uncertainty surrounding the ED PCA program reaches a resolution, HSF will be well suited to help any restricted, small-business PCA meet its subcontracting goals in the small business category.
HSF is a member of the Fed Cetera Network, and was awarded the 2016 Robert J. Prince Award for outstanding performance as a subcontractor member of the Network. https://insidearm.com/news/00041777-hs-financial-group-wins-award-for-federal/. The award is given by Fed Cetera to a small business subcontractor whose exceptional performance, provided in a compliant manner, has had a substantial impact on performance among Federal small business subcontractors in the previous year.
About HS Financial Group
HSF and its affiliated creditors’ rights law firm are performance-driven, certified Veteran-Owned Small Businesses that have earned a reputation for Professional, Ethical, and Excellent debt collection services. Based in Cleveland, Ohio, HSF provides fully-integrated accounts receivable management solutions to a variety of businesses, higher education institutions, and government entities. Since 2000, our team of collection professionals has delivered superior service to our clients. We strive for quick and efficient recovery of your delinquent accounts and we maintain a personal working relationship with every client, and will do the same with you. Click here to learn more. www.hsfgroup.net
About Fed Cetera
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 core collections work to qualified small businesses. Companies working with Fed Cetera to pursue Federal opportunities recently surpassed $70,000,000 in total billings for their work provided as prime contractors for ED and subcontractors to ED PCAs. Click here to learn more.