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FMS Organization: Debt Management ServicesWho are we? Debt Management Services is one of the six major sub-divisions in FMS.
It provides federal agencies with debt collection and management services. The DMS organization leads the development and implementation of government wide debt management policies. Its mission is to improve the quality of the federal government's financial management. DMS accomplishes its mission by increasing the collection of delinquent debt owed to the federal government, providing debt management services to all federal agencies, and protecting the financial interests of the American taxpayer. What do we do?The Debt Collection Improvement Act (DCIA) became effective on April 26, 1996. DMS is responsible for implementation of this law. The major objectives of the legislation are to maximize collections of delinquent debt owed to the federal government, and minimize the cost of debt collection by consolidating related functions and utilizing interagency teams. By law, the Department of the Treasury is authorized to use the following tools to collect delinquent debt.
The Treasury Offset ProgramThe Treasury Offset Program (TOP) is a centralized debt collection program designed to assist agencies in the collection of delinquent debt owed to the federal government. FMS is responsible for disbursing more than 850 million payments a year on behalf of more than 400 federal agencies. TOP uses this process to match delinquent debtor files against payments. When a match occurs, the payment is intercepted and the debt is offset up to the amount of the debt. Servicing ProgramThe DCIA requires federal agencies to transfer debts that are more than 180 days delinquent to DMS for collection. DMS has established standard processes for accepting and collecting debts including demand letters, phone calls, credit bureau reporting, offset, and referral to private collection agencies. Until debt is referred to a private collection agency, DMS actively pursues collection. This includes purchasing credit reports, skiptracing, and negotiating compromise or repayment plans. What jobs are available in Debt Management Services?The DMS staff consists of federal career service employees. Positions include Accountants, Financial Program Specialists, Program Analysts, and Computer Specialists. This team of professionals:
Where is Debt Management Service?Debt Management has two locations.
Where can I get further information?
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The Financial Management Service is an Equal Opportunity Employer
   Last Updated:  Monday October 01, 2007