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 SWOT Analysis Chapter
The Credit Repair Services industry is in the declining stage of the industry life cycle. In the 10 years to 2019, IBISWorld estimates that the industry's contribution to the overall economy, as measured by industry value added (IVA), will decrease at an average rate of 1.1% annually, whereas annualized GDP growth of 2.5% is expected over the same period. Although the industry has grown since the early 2000s, when consumers accumulated record levels of debt, it slowed in more recent years as consumers found alternatives to seeking industry services.
Industry products and services have remained the same... purchase to read more