Industry Analysis & Industry Trends
The Debt Collection industry typically thrives when the economy is weak, as this leads to households defaulting on loans and a rise in business bankruptcies. However, the global financial crisis did not lead to a significant surge in debt collecting services. This reflects efforts by households and businesses to pay down debt and boost savings, and the tightening of lending practices, which resulted in better loans with less likelihood of defaulting. The four largest debt-collecting firms are estimated to account for less than 30.0% of industry revenue in 2014-15, as the industry contains many small-scale businesses... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Debt Collection industry has a low concentration level with the four largest players estimated to account for less than 29.0% of industry revenue in 2014-15. These largest firms are Credit Corp Group, Collection House Group, D&B Hold Company and ACM Group. The Australian Collectors and Debt Buyers Association (ACDBA) estimates that its 16 member organisations account for 70.0% of industry revenue, with the balance contributed by the many small-scale businesses that primarily recover loans from individuals and small businesses. High profit margins are also encouraging more businesses to enter the market.
Over the next five years, high profit margins will continue to attract new businesses to the industry... purchase to read more