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. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Introduction
Collecting on High Debt Levels
Credit, personal and mortgage debt directly affects demand for credit counseling services. With credit market debt levels currently at historical highs and rising interest rates, the ease of accessing and extending credit trends has provided a false sense of security. However for this industry, rising debt levels means an increase in demand for this industrys services.
