PR - State of Utah Selects Universal Fidelity

 
Universal Fidelity, LP (UFLP) announced today that it has signed a five-year agreement to collect various delinquent receivables due to the State of Utah.

In selecting UFLP as a winner of this multiple-award contract along with other vendors, Utah’s goals were to increase the percentage and amount of delinquent receivables collected, decrease collection costs, streamline collection processes, and position the State to effectively and efficiently collect delinquent receivables in the future.

This contract was awarded to UFLP due to the company’s ability to offer a cost effective solution while providing industry leading management, staff, technology, training, and resources.

Chad Brickey, company spokesperson, stated, “This is a great opportunity for Universal Fidelity to expand its government portfolio.  We look forward to serving the State of Utah long beyond the initial five year agreement.”

“The lion’s share of this $900 million debt pool is made up of criminal court fines, fees, and restitution,” stated Nick Bernardo, president of Net Gain Marketing, which tracks government contracts, continuing, “and most accounts are 3 to 48 months past due before they are routed to the Office of State Debt Collections and then placed with outside agencies.”

UFLP is one of the leading debt collection companies in the industry.  In addition to government clients, UFLP serves companies in the credit card, student loan, healthcare, and automotive industries.