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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

The Credit Repair Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 Products Chapter

Credit repair service firms offer consumers multiple services to help improve or reestablish their credit worthiness and ability to obtain more credit. Before consumers can engage in any one of these services, though, most receive a general credit repair consultation to assess their credit status, discover what issues may need to be disputed and are assigned a professional credit advisor to handle the case. Many firms will offer consultations for free or for a nominal fee in order to attract potential new customers. Thus, credit consultations account for the smallest share of industry revenue at about 3.7% in 2014.

Many firms also segment their businesses into programs by level of services... 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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