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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 Locations Chapter

The Credit Repair Services industry is widespread and composed of a multitude of small, sole proprietorships that cater primarily to local and regional markets. As a result, the spread of industry establishments correlates highly with the spread of the overall US population. Thus, the Southeast, West and Mid-Atlantic regions will account for the highest share of industry establishments. The Southeast, which is home to about 25.4% of the population, will account for the highest share of industry establishments at about 26.2% and is anchored by Florida, which holds roughly 9.9% of establishments on its own. In the West, California dominates the landscape with about 12.0% of all industry establishments... 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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