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