Economic Impact of Third-Party
Debt Collection
ACA International released the 2017 Ernst & Young survey which provides an in-depth overview of the economic importance of the third-party debt collection industry on the U.S. and individual state economies.
Based on data from 2016, the report details the industry’s contribution to employment, asset recovery and other fiscal categories. Since 2013, the last year a similar survey was conducted, the amount of debt collected has increased by 42 percent, which translates to a return of $67.6 billion to creditors in 2016.
Key state findings of this landmark study include:
For more detailed reports,
visit ACA International's Industry News page.
At
ACA's national July convention in Seattle, the ACA Board of Directors Rick) Perr, Esquire (Fineman Krekstein & Harris,
P.C.) to the office of ACA President. Perr, a MACA Board member,
is a popular speaker at our regional events including Spring Fling and
NEDC EXPO, and a recognized authority on creditor's rights, representing
creditors, law firms, and agencies. Perr's term will run through the July 2018 Convention in Nashville.
© 2012