Buzzfile estimates FAMS’ annual revenue at $41.9 million and employs approximately 8 people at its headquarters.Īccording to its website, FAMS is “a private equity-backed company with an experienced management team…well positioned to make the investments required to achieve top performance for every client.” FAMS is a member of several professional associations, including the Association of Credit and Collection Professionals (ACA international) the Coalition of Higher Education Assistance Organizations (COHEAO) the National Association of College and University Business Officers (NACUBO) and the National Council of Higher Education Loan Programs (NCHELP).įAMS provides extended business office services, including first-party collections, to businesses who don’t want to worry “about an in-house collection operation.” They also offer full-service third-party collection services that utilize “ongoing communication, sophisticated technology, and disciplined processes,” including skip tracing, default prevention, pre-subrogation, and letter programs.” Who does Financial Asset Management Systems collect for?įAMS’ collection agents service accounts for educational institutes financial services companies local, state, and federal government agencies healthcare providers and telecommunications and media companies. FAMS is listed as a collection agency, a consumer finance and loan company, and an eviction service. is a legitimate collection agency initially founded and incorporated in 1993, and the BBB opened its file in 2002. According to the Better Business Bureau (BBB), Financial Asset Management Systems, Inc.
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