FAMS - Financial Asset Management Systems

Student Loan Debt Collectors

Incorporated in Georgia in 1993, Financial Asset Management Systems Inc. is a large debt collection company commonly referred to as FAMS. They have an A+ rating with the BBB as of the publication of this page. They have been BBB accredited since 2011 and they have 52 complaints closed within the past 36 months, and 17 complaints in the prior year. It is believed that they have in the range of 500 employees and are involved in the industries of Collection Agencies, Financial Services, and Financial Planning Consultants. The president is listed as Jerry Hogan.

The agents at FAMS assist in first and third party collections, skip tracing, default prevention, and administrative wage garnishment on government and federa student loans. They provide services to the education industries, finance, government, healthcare, telecommunications, and media.

Student Loan Settlement in New York City

For student loans, they work as a contractor for the Department of Education since 1997 for default recovery, wage garnishment, and income contingent payment plans, while they work with some state guaranty agencies to collect and resolve defaulted FFELP student loans, and default aversion. They also provide collection services on private student loans. Since 1997, FAMS has been a GSA Approved Debt Collection Services contractor.

Financial Asset Management Systems Inc. works with Credit Unions, Retailers, Finance Companies, Bulk Debt Buyers, and Banks to collect on debts such as unsecured credit cards, lines of credit, auto finance loans, medical and healthcare related, phone bills, energy bills, utility bills, first and second mortgages, and small business loans.

FAMS also works to collect parking tickets, court fines, license fees, and bills for Local, State, and Federal government entities. They collect for the Department of Treasury Income Tax, insurance and medical overpayments, and of course, Direct and FFELP Federal Student Loans. On medical bills, Financial Asset Management Systems collects for hospitals, medical centers, and physican groups to collect on ER visits, lab work, co-payments, and insurance related collections.

Financial Asset Management Systems Inc. (FAMS) is a member of ACA International.

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