Jan 16, 2018 · Debt Collection Industry Statistics. In 2010, U.S. businesses placed $150 billion in debt with collection agencies, and agencies were able to collect just $40 billion of that total. On delinquent debt, the industry averages a 20% collection rate, a decrease from 30% a few decades ago. In its proposed debt collection rules, the CFPB would allow a debt collector to satisfy the FDCPA requirement to provide the validation notice by sending the debtor an email or California Appellate Court OKs Prejudgment Interest After Charge-off.
Industry Products. The Debt Collection Agencies industry comprises businesses that pursue payments on debts owed by individuals and businesses. Most collection agencies operate as agents of creditors and render their services for a fee or percentage of the total amount owed. Employment Trends in the Debt Collection Industry According to the Bureau of Labor Statistics, there were 472,000 bill and account collectors in 2015. Between the years of 2016 to 2022, the debt collections industry will grow, with employment opportunities expanding for debt collectors at a faster than average rate across all occupations, and expected to increase by 11%.
Aug 01, 2016 · CFPB Releases Debt Collection Industry Study. The study concluded that, industry wide, “most debt collection firms are small” and that 75% of collection firms employ fewer than 20 people each. However, the most heavily represented group of survey respondents—over 30% of the total respondents—were firms with between 100 and 500 employees. May 24, 2014 · The adult film industry is huge. Despite revenues that have been declining in recent years, adult films still make a lot of money. To put it in context, the NFL made just over $9 billion last year. However, the US isn't even in the top three for global consumption.Author: Dominic Alessi.