City of Glendale Council Meeting Agenda Packet May 2025
Professional Credit Service Contract Extended for Collections
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Description
The City Council approved a three-year contract extension with Ray Klein, Inc. dba Professional Credit Service for collections of unpaid and delinquent accounts, at an 18% contingency rate on primary and 25% on secondary accounts, from November 2025 through October 2028.
Contract Details
Contract Amount
18% of revenues collected on primary accounts, 25% on secondary accounts
Vendor
RAY KLEIN INC DBA PROFESSIONAL CREDIT SERVICE
Agency
City of Glendale, CA
Contract Type
PROFESSIONAL_SERVICES
Document Date
May 20, 2025
Contract Term
Three years (November 1, 2025 – October 31, 2028)
Renewal Date
2028-10-31
Renewal Info
Initial contract began November 2020; this amendment extends for three additional years, with no up-front fee but contingency-based payments.
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