Research and Markets: An Essential Report on Credit Collections and Services

DUBLIN, Ireland - Research and Markets (www.researchandmarkets.com/research/b60d1d/credi ..) has announced the addition of the "Credit Collections and Services" report to their offering.

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Brief Excerpt from Industry Overview Chapter:

In the US, about 1,600 credit reporting agencies and 5,000 credit collections agencies generate annual revenues of $14 billion. Large collection agencies include Asset Acceptance Capital and NCO Group; big reporting agencies include Dun & Bradstreet, TransUnion, Equifax, and Experian. The collections segment of the industry is fairly fragmented: the 50 largest companies hold less then 50 percent of the market. The credit reporting segment is highly concentrated: the 50 largest companies hold 90 percent of the market.

COMPETITIVE LANDSCAPE

Demand for credit reporting and for collections services are driven by the volume of financial transactions, and by the health of the economy. The profitability of individual companies depends largely on efficiency of operations. The profitability of collections companies that buy receivables portfolios depends on their ability to assess recovery potential. Large credit reporting companies have significant economies of scale in operations. Small companies can compete successfully in the collections segment, where customer service and personal contact is important.

PRODUCTS, OPERATIONS & TECHNOLOGY

Credit reporting agencies help businesses decide whether to extend credit to customers, while collections agencies help businesses recover funds that had been loaned. Credit reports are used by businesses to determine the creditworthiness of individuals and businesses that want to buy goods and services on credit, including credit cards, auto and bank loans, mortgages, and business accounts. Collections agencies attempt to recover loans from individuals and businesses that are delinquent ...

Key Topics Covered:

• Industry Overview
• Quarterly Industry Update
• Business Challenges
• Trends AND Opportunities
• Call Preparation Questions
• Financial Information
• Industry Forecast
• Website and Media Links
• Glossary of Acronyms
  

For more information visit www.researchandmarkets.com/research/b60d1d/credi ..