561440

Collection Agencies

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. Establishments primarily engaged in--

["Repossessing tangible assets--are classified in U.S. Industry 561491, Repossession Services; and","Providing financing to others by factoring accounts receivables (i.e., assuming the risk of collection and credit losses)--are classified in U.S. Industry 522298, All Other Nondepository Credit Intermediation."]