Debt Collection Industry

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WWW.IBISWORLD.COM DebtCollectionAgenciesintheUS October 2012 Paying off: Debtors had trouble paying out, but the recovery will return balance to the industry IBISWorld Industry Report 56144 Debt Collection Agencies in the US October2012 EbenJose 2 AboutthisIndustry 18 International Trade 36 KeyStatistics 2 Industry Definition 19 Business Locations 36 Industry Data 2 Main Activities 2 Similar Industries 21 CompetitiveLandscape 2 Additional Resources 21 Market Share Concentration 36 Annual Change 21 Key Success Factors 4 IndustryataGlance 36 Key Ratios 37 Jargon&Glossary 22 Cost Structure Benchmarks 23 Basis of Competition 5…show more content…
26 Products and services segmentation (2012) 3.1% KeyExternalDrivers Aggregate householddebt 10.3% Collateral recovery and repossession services Fixed-fee servicing 2.4% Credit rating services Outsourcing Yieldon10-year Treasurynote 52.1% Percapitadisposable income Contingent-fee servicing 32.1% Portfolio acquisition p. 5 SOURCE: WWW.IBISWORLD.COM SOURCE: WWW.IBISWORLD.COM IndustryStructure Life Cycle Stage Revenue Volatility Capital Intensity Mature Regulation Level Medium Low Technology Change Medium Low Barriers to Entry Low Industry Globalization Low Industry Assistance None Concentration Level Low FOR ADDITIONAL STATISTICS AND TIME SERIES SEE THE APPENDIX ON PAGE 36 Competition Level Medium WWW.IBISWORLD.COM DebtCollectionAgenciesintheUS October 2012 IndustryPerformance ExecutiveSummary | KeyExternalDrivers | CurrentPerformance IndustryOutlook | LifeCycleStage Executive Summary The rising tide of US debt swamped the economy in 2008. As defaults escalated, credit markets froze, and the recession ensued. Typically, the Debt Collection Agencies industry benefits from this scenario because the rise in default rates produces a spike in debt collection opportunities. But the depth of the recession produced another outcome: The increase in debt collection opportunities was offset by a fall in
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