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

Repossessing tangible assets--are classified in U.S. Industry 561491, Repossession Services; Providing financing to others by factoring accounts receivables (i.e., assuming the risk of collection and credit losses)--are classified in U.S. Industry 522299, International, Secondary Market, and All Other Nondepository Credit Intermediation; and Providing legal services for debt collection by offices of lawyers--are classified in Industry 541110, Offices of Lawyers.