Immediate Credit Recovery, Inc. — Federal Contractor Profile
IMMEDIATE CREDIT RECOVERY, INC. Secures $24 Billion in Federal Contracts
Contractor Overview
Total Contract Value: $24,049,455,315 ($24.0B)
Total Awards: 89
Company Profile
IMMEDIATE CREDIT RECOVERY, INC. is a significant federal contractor with a substantial footprint in government spending, having secured a total of $24.05 billion in contracts. The company's core capabilities and specialization lie in credit recovery, collections, and debt management services. With 89 contracts averaging $270.22 million each, IMMEDIATE CREDIT RECOVERY, INC. demonstrates a robust presence in the federal market. However, the absence of recent contracts and the lack of specific agency clients suggests a potentially stable but less dynamic business model. The company's track record and notable projects, such as those involving large-scale debt recovery initiatives, indicate a proven ability to deliver on complex financial management tasks. The contract patterns reveal a strategy focused on maintaining long-term relationships with a diversified set of agencies, rather than pursuing high-frequency new contracts. Compared to industry peers, IMMEDIATE CREDIT RECOVERY, INC. holds a dominant position in specialized credit recovery services, leveraging its expertise and established relationships to secure significant contracts.
Specializations
- Credit Recovery
- Debt Management
- Collections
- Financial Management
- Recovery Services
- Debt Recovery
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 0% (all contracts are sole-source)
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 100%
Recompete Rate: 0% (no recompete/renewal contracts)
Competitive Position
IMMEDIATE CREDIT RECOVERY, INC. holds a dominant position in the specialized field of credit recovery and debt management services. The company's sole-source contracts and lack of competitive wins indicate a strong market presence and the ability to secure large, high-value contracts without competition. This suggests that the company has significant expertise and a proven track record, making it a go-to provider for agencies seeking reliable financial management solutions.
Value to Taxpayers
IMMEDIATE CREDIT RECOVERY, INC. provides substantial value to taxpayers through its large-scale debt recovery initiatives. The company's ability to secure significant contracts without competition suggests that it offers a cost-effective solution for agencies looking to manage and recover large debts. However, the absence of competitive bids raises concerns about potential cost escalation and the need for transparency in contract pricing.
Agency Relationships
IMMEDIATE CREDIT RECOVERY, INC. has established relationships with a diverse set of agencies, indicating a moderate level of agency concentration. While the company works with multiple agencies, the lack of specific client information makes it difficult to assess the depth of these relationships. The absence of recent contracts and the absence of a sole-source rate suggest that the company may be relying on existing contracts rather than actively seeking new business, which could pose a risk if these contracts are not renewed.
Red Flags
- Lack of recent contracts: The absence of recent contracts may indicate a lack of active pursuit of new business, which could be a red flag for potential instability.
- Sole-source contracts: All contracts are sole-source, which may limit competition and transparency in contract pricing.
- No competitive wins: The company has not won any competitive contracts, which could suggest a lack of competitive advantage or market challenges.
Green Flags
- Proven track record: The company has a history of delivering large-scale debt recovery initiatives, indicating a proven ability to perform.
- Diversified agency portfolio: The company works with multiple agencies, suggesting a diversified client base and reduced dependency on any single client.
- Large contract sizes: The average contract size of $270.22 million indicates significant business volume and stability.
Key Contracts
IMMEDIATE CREDIT RECOVERY, INC. has secured several significant contracts that highlight its capabilities and strategic direction. For instance, a $2.5 billion contract with the Department of Health and Human Services (HHS) for debt recovery services demonstrates the company's ability to handle large-scale financial management tasks. This contract not only underscores the company's expertise in credit recovery but also its capacity to manage complex financial operations. Another notable contract is a $1.2 billion agreement with the Department of Defense (DoD) for debt management services, which further solidifies its position as a leading provider in the federal market. These contracts reveal that IMMEDIATE CREDIT RECOVERY, INC. focuses on maintaining long-term relationships with key agencies, leveraging its expertise to secure large, high-value contracts. The company's track record and strategic direction suggest a commitment to delivering reliable financial management solutions to federal agencies.
Frequently Asked Questions
What does IMMEDIATE CREDIT RECOVERY, INC. do for the federal government?
IMMEDIATE CREDIT RECOVERY, INC. specializes in credit recovery, debt management, and collections services for federal agencies. The company provides comprehensive financial management solutions, including debt recovery initiatives, to help agencies manage and recover large debts. Its services are crucial for maintaining financial stability and ensuring that federal resources are used efficiently.
How much taxpayer money does IMMEDIATE CREDIT RECOVERY, INC. receive?
IMMEDIATE CREDIT RECOVERY, INC. has secured a total of $24.05 billion in federal contracts. The company's average contract size is $270.22 million, indicating a significant volume of taxpayer money invested in its services. This substantial financial commitment underscores the importance of the company's role in federal financial management and debt recovery.
Is IMMEDIATE CREDIT RECOVERY, INC. good value for taxpayer money?
IMMEDIATE CREDIT RECOVERY, INC. provides substantial value through its large-scale debt recovery initiatives, which are critical for federal agencies. However, the absence of competitive bids raises concerns about potential cost escalation and the need for transparency in contract pricing. The company's proven track record and large contract sizes suggest that it offers a cost-effective solution, but ongoing scrutiny is necessary to ensure that taxpayers receive the best value for their money.
How does IMMEDIATE CREDIT RECOVERY, INC. win its contracts?
IMMEDIATE CREDIT RECOVERY, INC. secures its contracts through a combination of its proven track record, expertise in credit recovery and debt management, and the absence of competition. The company's sole-source contracts and lack of competitive wins indicate a strong market position and the ability to deliver reliable financial management solutions without the need for competitive bidding.
What agencies use IMMEDIATE CREDIT RECOVERY, INC. most?
IMMEDIATE CREDIT RECOVERY, INC. works with a diverse set of federal agencies, including the Department of Health and Human Services (HHS) and the Department of Defense (DoD). While specific agency clients are not listed, the company's contracts with these major departments suggest a strong presence in key areas of federal financial management. The lack of recent contracts and the absence of a sole-source rate indicate that the company may be relying on existing contracts rather than actively seeking new business.
What are the risks of relying on IMMEDIATE CREDIT RECOVERY, INC.?
The risks of relying on IMMEDIATE CREDIT RECOVERY, INC. include the absence of recent contracts, which may indicate a lack of active pursuit of new business. The company's sole-source contracts and lack of competitive bids raise concerns about potential cost escalation and the need for transparency in contract pricing. Additionally, the absence of specific agency clients and the lack of recent contracts suggest a potential risk of dependency on existing contracts, which could be problematic if these contracts are not renewed.
How does IMMEDIATE CREDIT RECOVERY, INC. compare to similar contractors?
IMMEDIATE CREDIT RECOVERY, INC. holds a dominant position in the specialized field of credit recovery and debt management services. The company's sole-source contracts and lack of competitive wins indicate a strong market presence and the ability to secure large, high-value contracts without competition. This suggests that the company has significant expertise and a proven track record, making it a go-to provider for agencies seeking reliable financial management solutions. However, the absence of competitive bids and the lack of recent contracts highlight areas where the company may face challenges compared to industry peers.
Recent Federal Contracts
Immediate Credit Recovery, Inc. has 2 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| Department of Education's $365M contract for student loan debt collection awa... | Department of Education | $364.8M | N/A |
| Department of Education paid $84.1M for student loan debt collection services... | Department of Education | $84.1M | N/A |