Industry Analysis & Industry Trends
After a rising tide of debt swamped the economy, collectability rates fell, canceling out the spike in debt collection opportunities and hurting revenue. However, the economy is set to recover over the next five years, with improving debt recovery rates, declining unemployment and higher housing prices. As a result, debt collection agencies will experience renewed demand, resulting in modest revenue growth... purchase to read more
Industry Report - Industry Locations Chapter
The geographic distribution of debt collection agencies largely reflects general economic and business activity. The spread is also virtually identical to the US population distribution and business support services. The majority of business operations are conducted over the phone, but local establishments help ensure that collectors can locate delinquent customers and merchandise. This factor is particularly important with auto loans and the repossession of automobiles.
The Southeast accounts for 21.7% of collection agencies. The credit crisis drove growth in the Southeast and West regions due to the recession's effect on housing prices and employment rates. The West is home to 15.9% of all US debt collectors, with California accounting for 9.9%... purchase to read more