IncSmart New York (Small Business and Startups)
- The IRS hiring four private collection agencies collect overdue payments who owe money to the federal government. The Internal Revenue Service hired four companies, CBE Group, ConServe, Performant and Pioneer Credit Recovery. Pioneer Credit Recovery is based in Wyoming County New York. Pioneer Credit Recovery employs more than 1,000 people and will be adding 300 more with the IRS contract. Pioneer Credit Recovery, Inc. is a wholly owned subsidiary of Navient Corporation. Navient is publicly traded on the NASDAQ (NASDAQ: NAVI).
Congress passed a law in 2015. This law was a $305 billion highway funding bill. The part of the law was buried in that funding bill and it orders the I.R.S. to outsource some of its delinquent debt. The collection agencies will work on commission, earning up to 25 percent of the debt they collect.
By David Oliver
Starting a Business in New York
For 10 years, IncSmart.biz Business Services has helped companies and people from all over the world form New York Corporations and New York Limited Liability Companies. When you call, email, text, message or live chat with our office, expect personal attention. Small business is the heart of IncSmart.
We are very excited about helping you form your new company. Each state is so different when it comes to filing documents, you will know right away you are in the right place.
Think Smart. Think IncSmart.