Research and Markets, a global market research firm, has announced the release of the "UK Consumer Debt Purchase and Debt Collection: Market Insight" report.
The report focuses on the United Kingdom's consumer debt purchase and collection markets.
According to the report, there is considerable overlap between the provision of both services. Many of the larger collection agencies have purchased portfolios of debt in recent years while several debt purchasers have carried out collections on a contingent basis, in particular during the period from 2008-10 when the amount of debt available to purchase fell significantly.
The report quantifies the sizes of each market and their respective historical growth rates while reviewing key factors behind these figures and exploring drivers of growth and profitability.
It also analyses the drivers of growth - in particular relevant economic indicators such as total consumer debt, unemployment levels, debt write-off rates, recovery rates, commission levels, debt price levels - and more specific factors including levels of personal insolvencies, the attitudes of consumer creditors to the concept of debt sale and the discount to face value typically paid for debt.
Large debt purchasers and collections agencies are profiled and their performance is compared.