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Debt Collection Agencies in Rhode Island

Author.Name IBISWorld United States Last Updated: April 2025 NAICS RI56144

Debt Collection Agencies in Rhode Island industry analysis

The Debt Collection Agencies industry in Rhode Island is expected to decline an annualized -x.x% to $x.x million over the five years to 2025, while the national industry will likely decline at -x.x% during the same period. Industry establishments increased an annualized x.x% to xx locations. Industry employment has increased an annualized x.x% to xx workers, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x million, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x.x% to xx locations. Industry employment is expected to stagnate an annualized x% to xx workers, while industry wages are forecast to decrease -x% to $x.x million.

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About the Debt Collection Agencies in Rhode Island Market Research Report

What’s Included in the Debt Collection Agencies in Rhode Island Market Research Report

Definition of the Debt Collection Agencies in Rhode Island?

The Debt Collection Agencies industry comprises businesses that pursue payments on debts owed by individuals and companies. Most collection agencies operate as agents of creditors and render their services for a fee or percentage of the total amount owed. Other agencies purchase debt portfolios from creditors at a discount and then pursue outstanding balances for their gain.

What’s included in the Debt Collection Agencies in Rhode Island?

The Debt Collection Agencies in Rhode Island includes contingency collections services by letter and mail, other contingency collection services, early-out receivables services, portfolio acquisition and credit rating reports. Related terms covered in the Debt Collection Agencies in Rhode Island industry report includes credit unable to be used after payment, including auto, home and student loans, credit lacking a fixed number of payments that can also be used again after payment, such as credit cards, collection work associated with collecting information that assists collectors in locating delinquent debtors, also known as a recovery rate, this rate is calculated by subtracting recovered income from total outstanding debt. the higher the rate, the greater percentage of income recovered, an account that is between 90 and 270 days past due and has the highest recovery rates and lowest commissions, an account between 270 and 360 days past due and has already been recalled from a primary collection agency, an account 360 days past due, which has the lowest recovery rates and highest commissions. it has generally been recalled from one or more collection agencies and money owed to a company for goods or services it has sold.

Industry Performance of the Debt Collection Agencies industry in Rhode Island

Benchmark the Debt Collection Agencies in Rhode Island industry performance with all RI county and national performance.

Debt Collection Agencies in Rhode Island

#47 in Highest Revenue 0% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Debt Collection Agencies in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Debt Collection Agencies industry in Rhode Island

See how key industry drivers, such as population, gross state product, per capita disposable income, per capita disposable income, consumer price index and aggregate household debt are impacting Debt Collection Agencies in Rhode Island

Rhode Island Economic Indicators

Population
Gross State Product
Per Capita Disposable Income

View more economic information in RI State Economic profile

US Key External Drivers

Per capita disposable income
Consumer price index
Aggregate household debt

For the full list of industry drivers, see report purchase options.

County Data of the Debt Collection Agencies industry in Rhode Island

Access proprietary data on county in the Debt Collection Agencies in Rhode Island, such as Providence County, Kent County and Washington County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Debt Collection Agencies industry in Rhode Island

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Debt Collection Agencies industry in Rhode Island in 2025?

The market size of the Debt Collection Agencies industry in Rhode Island is $5.7m in 2025.

How many businesses are there in the Debt Collection Agencies industry in Rhode Island in 2025?

There are 21 businesses in the Debt Collection Agencies industry in Rhode Island, which has been growing at an average annual rate of 5.6% from 2020 to 2025.

Has the Debt Collection Agencies industry in Rhode Island grown or declined over the past 5 years?

The market size of the Debt Collection Agencies industry in Rhode Island has been declining at an average annual rate of -7.9% from 2020 to 2025.

How many employees in the Debt Collection Agencies industry in Rhode Island in 2025?

There are 28 employees in the Debt Collection Agencies industry in Rhode Island, which has been growing at an average annual rate of 0.7% from 2020 to 2025.