CONTRACTAPPROVED

Smith County Awards Debt Collection Contract to Credit Management Services (February 2025)

Smith County
Approved
Feb 24, 2025

The 30-second brief

What it covers

Credit Management Services to collect the outstanding revolving loan balance from ReadyUp Wear, forgoing the inventory listed as the loan collateral. CMS charges 30%, with an additional 5% if the collection goes to court.

Who holds it

Credit Management Services holds this debt collection contract with Smith County. Its other public contracts on record include work for Hyannis Area Schools and Dundy County.

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Contract details

Contract type
Debt Collection
Document date
February 24, 2025
Term
NA
Source document
smith-county-meeting-minutes-2025-02-24_88d.pdf (Meeting Minutes)

Credit Management Services's other public contracts

More Smith County contracts

Questions about this contract

Who was awarded the debt collection contract by Smith County?

Credit Management Services was awarded this debt collection contract by Smith County, as recorded on February 24, 2025.

What type of contract is this?

This is a Debt Collection contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in smith-county-meeting-minutes-2025-02-24_88d.pdf (Meeting Minutes), dated February 24, 2025 from Smith County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Credit Management Services hold?

Credit Management Services may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Smith County currently buying?

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