Supportkids Reaches New Milestone: Child Support Collections Top More Than $300 Million
AUSTIN, Texas, Oct 03, 2006 /PRNewswire via COMTEX/ -- Supportkids, the nation's largest private child support enforcement company working directly with families, announced today that the company has exceeded $300 million dollars in child support collections since its inception in 1991. The number of families that the company has helped continues to increase as well. The company's efforts and expertise have benefited over 50,000 families who have received their child support through the company's services.
Private companies are an option for families who have not had success attempting to collect their child support through the services offered by government agencies. The average Supportkids client has not received a child support payment in over four years, and according to a General Accounting Office report, over 95% of the people who turn to private child support enforcement companies have been through the government system unsuccessfully. Private companies, including Supportkids, typically do not charge upfront fees; their compensation is based on a contingency fee that is only collected if they are successful.
As of the end of fiscal year 2005, $106 billion in past-due child support was owed nationally, and over $10 billion in current support went uncollected. The picture is not likely to get any better for parents struggling to get the child support owed their children. The federal Deficit Reduction Act signed into law earlier this year will place a much greater burden on states in funding child support enforcement efforts. As a result of the reduced resources, collection rates by government agencies are expected to suffer.
About Supportkids
With clients all across the nation, Supportkids uses on-site investigators and cooperation with state and federal agencies to fulfill its mission to make a difference for families struggling with the issue of unpaid child support. For more information, visit the company's website at http://www.supportkids.com or call 1-800-305-KIDS.
Contact: Meg Meo, (512) 472-9599 or
mmeo@echristianpr.com
Elizabeth Christian & Associates Public Relations
SOURCE Supportkids
CONTACT: Meg Meo of Elizabeth Christian & Associates Public Relations, +1-512-472-9599, or
mmeo@echristianpr.com , for Supportkids
URL: http://www.supportkids.com
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