A non-profit organization in Connecticut issued “Defaulted Loan Collection Services” (RFP). Solicitation DCS-0102 closed on February 5, 2026. Eligibility: Only for USA Organization.
The vendor required to provide defaulted loan collection services to the authority for a period not to exceed three (3) years.
- Payment, settlement and legal authorization policies
1. Payment plans
• Payment in full, or
• One-third payment immediately followed by 12-24 monthly installments on the outstanding balance (amount may change due to costs, fees and accrued interest).
2. Regular collection account(s) transferred to legal collection account(s)
• Detail concerning the payment and lack of payment arrangements made by the borrower and applicant.
• Explanation of collection agency’s work to secure a settlement offer for a minimum of principal before transferring a file to legal.
• Notification to authority if borrower(s) has obtained legal counsel.
• Copies of any disputes from the borrower(s) concerning obligation to pay the loan or disputing the amount owed.
• Any additional information deemed necessary to support the transfer of the file to legal.
3. Collection settlement offers and payment plans
• Prefers to resolve accounts prior to any legal action.
• If legal action is necessary, settlement offers are encouraged in order to achieve results prior to any court action.
4. Settlement process for authority loans:
• Authority does not accept offers that are less than the principal balance outstanding.
• The authority tries to recoup at least court costs and some of the interest due.
- Contract Period/Term: 3 years
- Questions/Inquires Deadline: January 21, 2026
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Quick answers about deadlines, eligibility and submission for this solicitation.
No. This opportunity (DCS-0102) closed on February 5, 2026. See similar open RFPs below.
A non-profit organization in Connecticut. The buyer's contact and submission details are in the solicitation documents.
Only for USA Organization.
Contract term: 3 years.
Questions and inquiries must be submitted by January 21, 2026.
Yes. After purchase, with a subscription or during a free trial, the RFPPlanet AI Assistant answers questions sourced from this RFP’s documents, such as requirements, evaluation criteria and key dates.
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