Definition
This industry comprises establishments primarily engaged in collecting payments for claims and remitting payments collected to their clients. Industry participants normally acquire sub-prime receivables at deep discounts in order to restructure and collect payments on these receivables. Some participants resell and securitize the restructured portfolio. Debt collection agencies transform their clients' accounts receivables into cash. Accounts receivables that have been delinquent for a substantial amount of time, 180 days or more, are often purchased by collection agencies, in which case, the agency keeps any cash that it recovers.

IBISWorld research reports contain trend analysis, statistics, market size information, industry growth rates as well as market share of competitors.

Major market segments are identified and also those forces affecting demand and supply within the industry. Performance analysis includes emerging industry trends as well as recent results and performance of each key company. Drawing on the depth of information IBISWorld also provides 5 year forecasts for each industry.

Each comprehensive study also examines details such as the barriers to entry, operating cost structure, technology & systems and domestic & international markets. Tables and statistics include: Industry revenue, exports, imports, wages and number of companies in the industry, Industry growth and geographic regional data.

Each comprehensive study also examines details such as the barriers to entry, operating cost structure (including averages), technology & systems and domestic & international markets. Tables and statistics include: Industry revenue, exports, imports, wages and number of companies in the industry, Industry growth and geographic location.