GREENVILLE, N.C. — On Monday, Regional Acceptance Corp. named its 2008 Collection Agency of the Year.

Accepting this honor is accounts receivable management firm Central Credit Services.

This is the fourth year Regional has handed out a Collection Agency of the Year award. Central Credit Services has won the award all four years, officials highlighted..

Jacksonville, Fla.-based Central Credit Services is one of Regional's seven agency partners.

"To have a partner with the depth of experience and dedication of CCS allows us to focus our time and energy elsewhere, a huge boost to our productivity," explained Grant Ramsay, recovery agency and attorney manager for Regional.

"We've had a long relationship with CCS and it's clear we both share the same commitment to quality. We congratulate them on winning this award for the fourth straight year," he added.

Regional indicated that it uses several levels of assignments in servicing the post charge-off portfolio. The Agency of the Year award is based on overall agency performance, including performance relative to monthly and annual collections' goals and client service.

"This award is a testament to our company's focus on quality and our desire to produce superior results for our partners," said Jerry Eccleston, Central Credit Services chief operating officer.

"The challenges of this unique economy in 2009 will not temper our core beliefs of creating opportunities, demanding high expectations and focusing on success," he continued.

Neil Boardman, vice president of recovery and asset remarketing for Regional, said, "We are very pleased to recognize CCS for their hard work and impressive results in one of the most difficult economic periods in recent history. Their professionalism and attention to detail are models for the industry, and the reasons why they continue to top the list of our outside vendor partners."