Hundreds of jobs in danger during Pioneer Credit Recovery

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Allissa Kline
Buffalo Business First Reporter- Buffalo Business First


One of a largest debt collection companies in Western New York might discharge hundreds of jobs due to a detriment of a sovereign contract, U.S. Rep. Chris Collins’ bureau reliable Friday.

Staff from Collins’ bureau would not yield an accurate series of approaching pursuit cuts during Pioneer Credit Recovery, though there are reports that as many as 400 of a company’s 1,000 positions could be during risk. The debt collector, shaped in Arcade, was told this month that it has mislaid a agreement with a U.S. Department of Education, for whom it was collecting tyro loan debts.

The means of a mislaid agreement was not immediately known.

“The reported pursuit cuts during Pioneer are intensely troubling,” Collins pronounced in an email. “I will do all we can to be of assistance to Pioneer and a Western New Yorkers affected.”

Pioneer Recovery is a largest private employer in Wyoming County, according to a website. It is a unconditionally owned auxiliary of Navient Corp., that shaped final year when Sallie Mae, a country’s largest tyro loan begetter and servicer, spun off a servicing division.

A orator for Navient did not lapse a phone call for comment.

Earlier this month, Pioneer was awarded dual state contracts – one with Higher Education Services Corp. for $21.3 million and another with a Workers’ Compensation Board, according to a Feb. 24 news recover from a Office of a New York State Comptroller.

Allissa Kline covers financial services, accounting and trade

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