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Credit Repair Services in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Credit Repair Services Market Research Report | Advisory & Financial Services | Financial Intermediaries | Jul 2014

Pre-approved: The industry will continue to compete with free online services

IBISWorld’s Credit Repair Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 09-14
-3.8%
Annual Growth 14-19
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Profit
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Employment
140,980
Businesses
127,894
Industry Analysis & Industry Trends

Most industries in the United States went down with the ship during the recession, but the Credit Repair Services industry was not one of them. As consumers credit scores dropped in the face of late payments due to unemployment and reduced income, industry demand rose at a brisk pace. As the recovery got under way in 2010 and 2011, that growth moderated, but increasing revenue is still expected throughout the next five years.... purchase to read more

Industry Report - Industry Analysis Chapter

Credit repair firms help identify errors in credit reporting and help dispute the inaccurate information with credit reporting agencies. These services can be offered in person, online or over the phone, usually for a fee. Most advice relates to credit cards, personal loans and home mortgages. Conditions were ripe for industry growth right before the recession, with the amount of consumer debt increasing to record levels during the early 2000s. Nevertheless, the recession caused demand for credit repair to increase slightly in 2009 and 2010. Rising unemployment and falling disposable income led to an influx of debt problems for consumers during the recession, causing many households to turn to credit repair service firms for help with debt management... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Credit Repair Services Industry?

This industry identifies errors in credit reporting and disputes inaccurate information with the appropriate organizations to improve credit ratings. These services are typically undertaken on behalf of a client who has known credit problems, such as a recent bankruptcy. This industry does not include nonprofit firms that offer credit-counseling services.

Industry Products
Credit repair consultationDispute processingCease and desist collections processingSettlement assistanceCredit reestablishment
 
Industry Activities
Credit repair consultationDispute processingCease and desist collections activitySettlements and credit reestablishment


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