Triton College Board of Trustees Meeting Agenda April 2026
Collection Services Agreement Assigned from CCB to CCP
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Description
Triton College approved assignment of its March 19, 2019 collection services agreement from CCB Credit Services, Inc. to Credit Collection Partners, effective April 22, 2026. The amended arrangement maintains existing commission rates of 20% and 25% on collected amounts with no upfront fees to the College.
Contract Details
Contract Amount
Commission-based: 20% for new placements, 25% for second placements; FY 2025 commissions approximately $65,205
Vendor
CCB CREDIT SERVICES INC
Agency
Triton College, IL
Contract Type
FINANCIAL_SERVICES
Document Date
April 21, 2026
Contract Term
Original agreement dated March 19, 2019; assigned effective April 22, 2026 (ongoing)
Renewal Info
Original 2019 agreement continues under new vendor Credit Collection Partners with unchanged commission terms; no specific end date or renewal cycle stated in the addendum.
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