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August 30, 2007: BETHESDA, MD - Revenues for the debt collection industry are projected to grow at a compound annual rate of six percent – from $16.7 billion in 2006 to $22.2 billion in 2011 – according to new research from Kaulkin Ginsberg, the leading provider of M&A, strategic advice, research, and information for the Accounts Receivable Management (ARM) industry.
That's 6% per year. Fantastic.
Kaulkin Ginsberg Index
August 15, 2007: BETHESDA, MD - The Kaulkin Ginsberg Index (KGI), the leading indicator of economic conditions affecting the accounts receivable management industry (ARM), has increased 3.7 percent to 1399.3 during the second quarter of 2007. The KGI is down 5.0 percent from 1472.5 at the same time a year ago.
That's a mixed picture but let's not get discouraged.
Kaulkin Ginsberg Index: What does the Index include?
So here's our wish list, as optimists and investors in one of America's strongest growth industries.
- Falling unemployment (so people can pay)
- Rising fed funds rate (so adjustable rate mortgages can cause pain)
- Rising charge-off rates (so there is debt to go after)
- Rising consumer credit (more debt! hurray!)
- Rising price of industry stocks (so outlook is good)
- Falling bankruptcies (so people will pay)
- Rising CPI (so people take on more debt)
This post inspired by a comment Teri left at MaxedOutMama: The McMansion Special in regards to debt collection being a growth industry.
2 comments:
I used to run a phone room (charity ticket sales). One of the guys who worked for us was a young kid, who'd started out doing collections. He was fabulous at it. He'd call up businesses, ask how much they were going to donate and that's what they'd give. So I guess collections will be great training for maybe car sales and realtors if things ever pick up.
Teri,
By the sounds of it, collections will also be great training if collections picks up. *sigh*
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