FINANCIAL_SERVICESAWARDED

Town of Guttenberg Awards Financial Services Contract to Penn Credit Corporation (February 2026)

The Town of Guttenberg awarded Penn Credit Corporation a contract as the approved collection agency for municipal court collections, with Penn Credit to receive a 22% fee from debt recovered and no direct cost to the municipality. The contract leverages Penn Credit's status as a NJ Superior Court-approved vendor.

Status
AWARDED
Document date
February 25, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Penn Credit Corporation
Agency
Town of Guttenberg · NJ

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
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Scope & details

The full contract record, as filed.

Contract amount
22% administrative fee (paid from debtor collections); no cost to Town
Contract type
FINANCIAL_SERVICES
Document type
Agenda
Source document
Town of Guttenberg Council Meeting Agenda February 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Guttenberg?

Penn Credit Corporation was awarded this financial services contract by Town of Guttenberg, as recorded on February 25, 2026. The contract value is 22% administrative fee (paid from debtor collections); no cost to Town.

How much is the Penn Credit Corporation contract with Town of Guttenberg worth?

The Penn Credit Corporation contract with Town of Guttenberg is valued at 22% administrative fee (paid from debtor collections); no cost to Town, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Town of Guttenberg Council Meeting Agenda February 2026 (Agenda), dated February 25, 2026 from Town of Guttenberg. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Penn Credit Corporation hold?

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

View Penn Credit Corporation's profile

What is Town of Guttenberg currently buying?

Explore Town of Guttenberg's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Town of Guttenberg's profile

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