Debt collection services
Active Statewide contract Washington Awarded
- Contract number
- 01120
- Awardee
- FINANCIAL ASSET MGMT SYSTEMS, INC.
- Contracting organization
- Department of Enterprise Services
Contract facts
- Estimated annual value
- $900,000
- End date
- NIGP codes
- UNSPSC codes
- 84141601 Consumer credit gathering or reporting services
- 64101902 Equipment loan
- 64101910 Unsecured revolving line of credit
- 84101705 Repossession services
- 84141701 Business credit gathering or reporting services
- 64101905 Home equity loan
- 84101704 Debt collection services
- 84141500 Governmental credit agencies
- 84141700 Business credit agencies
- 84141702 Value added network VAN services
Show all 20
- 64101901 Automotive loan
- 64101903 Forfaiting loan
- 64101904 Home equity line of credit
- 64101906 Inventory loan
- 64101907 Mortgage loan
- 64101908 Receivable loan
- 86141504 Tuition reimbursement programs
- 93151510 Administrative fees or tax collection services
- 93151610 Tax collection services
- 64101909 Unsecured loan
- Points of contact
-
- Sarah Smith sarah.smith@des.wa.gov (360) 407-9302
- Madilyn Graversen descontractsteamapple@des.wa.gov (360) 407-9277
Contract details come from apps.des.wa.gov. Updated .
About this contract
The Washington Statewide Contract 01120 provides comprehensive debt collection services across three distinct categories. Category 1 covers general collections for unsecured debts owed by individuals and businesses. Category 2 focuses specifically on unsecured educational student loans, while Category 3 addresses legal services collections, including executing filed warrants, judgments, wage garnishments, and resource levying. The contract supports a wide range of financial recovery and credit-related services, as evidenced by its diverse UNSPSC and NIGP codes covering areas such as credit reporting, loan administration, and repossession services.
The Indefinite Delivery Vehicle is awarded to Financial Asset Management Systems, Inc. and is administered by the Washington State Department of Enterprise Services. The contract was initiated on December 1, 2020, and is set to conclude on November 30, 2026, providing a five-year period of performance. As a statewide contract, it is exclusively applicable within Washington state and is structured to enable government entities and authorized users to efficiently procure debt collection and related financial services through a pre-negotiated agreement.
Description
Contract Scope This Statewide Contract for Debt Collection Services is broken down into the following 3 categories: Category 1: General Collections. Unsecured debts owed by individuals or businesses. Category 2: Educational Collections. Unsecured educational student loans. Category 3: Legal Services Collections. Legal services associated with acting on filed warrants and judgments. Includes levying of any money resources and garnishing of wages.
Quick answers
Who holds contract 01120?
Contract 01120 was awarded to FINANCIAL ASSET MGMT SYSTEMS, INC. by Department of Enterprise Services in Washington on December 1, 2020.
How much is contract 01120 worth?
Its estimated annual value is $900,000.
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