561440 Collection Agencies

Overview

This industry comprises establishments primarily engaged in collecting payments for claims and remitting payments collected to their clients.

Illustrative Examples:
Account or delinquent account collection services
Tax collection services on a contract or fee basis
Bill or debt collection services

Cross-References

  • Repossessing tangible assets--are classified in U.S. Industry 561491, Repossession Services;
  • Providing financing to others by factoring accounts receivables (i.e., assuming the risk of collection and credit losses)--are classified in U.S. Industry 522299, International, Secondary Market, and All Other Nondepository Credit Intermediation; and
  • Providing legal services for debt collection by offices of lawyers--are classified in Industry 541110, Offices of Lawyers.

Index Entries

Account collection services
Adjustment agencies (except insurance)
Bill collection services
Collection agencies
Collection agencies, accounts
Credit arrears collection services
Debt collection services
Delinquent account collection services
Tax collection services on a contract or fee basis