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Global AFCC Debt Settlement Market Research Report 2024
Synopsis
AFCC Debt settlement is a service offered by third-party companies that can try to reduce their customer’s debt by negotiating settlements with customer’s creditors or debt collectors.
The global AFCC Debt Settlement market was valued at US$ 284.6 million in 2023 and is anticipated to reach US$ 383.5 million by 2030, witnessing a CAGR of 4.3% during the forecast period 2024-2030.
The economic impact of the debt settlement industry is comprised of three pieces. First, companies providing debt settlement services employ thousands of people in offices around the country. Second, creditors working with debt settlement firms to settle consumer debts receive funds owed by debtors faster than they otherwise would, and avoid the negative business and reputational consequences of forcing such debtors into bankruptcy, or to answer collections actions that may or may not result in any recovery. Finally, debtors will see economic benefits resulting from the elimination of generally expensive debt, freeing up resources that would have been used to service that debt, even while the consumer is struggling under its burden. This money would be spent in the local economy generating additional economic benefits.To state the obvious, consumer debt settlement activity is tied to growth in consumer lending. Settlement activity does not appear to be closely tied to the credit cycle, however. When consumer credit is expanding and the general economy is growing, a segment of consumers over-spend and have difficulty repaying the debt they have incurred to fund their consumption. When the economy dips and consumer credit contracts, more consumers are suffering job losses, which disrupts their ability to service debt. Both scenarios create potential clients for debt settlement firms, but prospects for debt settlement firms appear to be brightest when consumer credit is loose. The recovery in consumer lending since the financial crisis and recession is complete. Outstanding credit card debt is projected to break through the $1 trillion level by year-end when the holiday shopping season is over. The United States last broke the $1 trillion level on credit card debt in 2008 – right as the financial crisis was exploding.
This report aims to provide a comprehensive presentation of the global market for AFCC Debt Settlement, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding AFCC Debt Settlement.
Report Scope
The AFCC Debt Settlement market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global AFCC Debt Settlement market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the AFCC Debt Settlement companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Freedom Debt Relief
Rescue One Financial
National Debt Relief
ClearOne Advantage
Century Support Services
United Debt Counselors
New Leaf Financial
Countrywide Debt Relief
Liberty Debt Relief
Debt RX
Pacific Debt
New Era Debt Solutions
Segment by Type
Credit Card Loan
Medical Loan
Private Student Loan
Others
Segment by Application
Open-end Loan
Closed-end Loan
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of AFCC Debt Settlement companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
AFCC Debt settlement is a service offered by third-party companies that can try to reduce their customer’s debt by negotiating settlements with customer’s creditors or debt collectors.
The global AFCC Debt Settlement market was valued at US$ 284.6 million in 2023 and is anticipated to reach US$ 383.5 million by 2030, witnessing a CAGR of 4.3% during the forecast period 2024-2030.
The economic impact of the debt settlement industry is comprised of three pieces. First, companies providing debt settlement services employ thousands of people in offices around the country. Second, creditors working with debt settlement firms to settle consumer debts receive funds owed by debtors faster than they otherwise would, and avoid the negative business and reputational consequences of forcing such debtors into bankruptcy, or to answer collections actions that may or may not result in any recovery. Finally, debtors will see economic benefits resulting from the elimination of generally expensive debt, freeing up resources that would have been used to service that debt, even while the consumer is struggling under its burden. This money would be spent in the local economy generating additional economic benefits.To state the obvious, consumer debt settlement activity is tied to growth in consumer lending. Settlement activity does not appear to be closely tied to the credit cycle, however. When consumer credit is expanding and the general economy is growing, a segment of consumers over-spend and have difficulty repaying the debt they have incurred to fund their consumption. When the economy dips and consumer credit contracts, more consumers are suffering job losses, which disrupts their ability to service debt. Both scenarios create potential clients for debt settlement firms, but prospects for debt settlement firms appear to be brightest when consumer credit is loose. The recovery in consumer lending since the financial crisis and recession is complete. Outstanding credit card debt is projected to break through the $1 trillion level by year-end when the holiday shopping season is over. The United States last broke the $1 trillion level on credit card debt in 2008 – right as the financial crisis was exploding.
This report aims to provide a comprehensive presentation of the global market for AFCC Debt Settlement, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding AFCC Debt Settlement.
Report Scope
The AFCC Debt Settlement market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global AFCC Debt Settlement market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the AFCC Debt Settlement companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Freedom Debt Relief
Rescue One Financial
National Debt Relief
ClearOne Advantage
Century Support Services
United Debt Counselors
New Leaf Financial
Countrywide Debt Relief
Liberty Debt Relief
Debt RX
Pacific Debt
New Era Debt Solutions
Segment by Type
Credit Card Loan
Medical Loan
Private Student Loan
Others
Segment by Application
Open-end Loan
Closed-end Loan
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of AFCC Debt Settlement companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global AFCC Debt Settlement Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Credit Card Loan
1.2.3 Medical Loan
1.2.4 Private Student Loan
1.2.5 Others
1.3 Market by Application
1.3.1 Global AFCC Debt Settlement Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Open-end Loan
1.3.3 Closed-end Loan
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global AFCC Debt Settlement Market Perspective (2019-2030)
2.2 AFCC Debt Settlement Growth Trends by Region
2.2.1 Global AFCC Debt Settlement Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 AFCC Debt Settlement Historic Market Size by Region (2019-2024)
2.2.3 AFCC Debt Settlement Forecasted Market Size by Region (2025-2030)
2.3 AFCC Debt Settlement Market Dynamics
2.3.1 AFCC Debt Settlement Industry Trends
2.3.2 AFCC Debt Settlement Market Drivers
2.3.3 AFCC Debt Settlement Market Challenges
2.3.4 AFCC Debt Settlement Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top AFCC Debt Settlement Players by Revenue
3.1.1 Global Top AFCC Debt Settlement Players by Revenue (2019-2024)
3.1.2 Global AFCC Debt Settlement Revenue Market Share by Players (2019-2024)
3.2 Global AFCC Debt Settlement Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by AFCC Debt Settlement Revenue
3.4 Global AFCC Debt Settlement Market Concentration Ratio
3.4.1 Global AFCC Debt Settlement Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by AFCC Debt Settlement Revenue in 2023
3.5 AFCC Debt Settlement Key Players Head office and Area Served
3.6 Key Players AFCC Debt Settlement Product Solution and Service
3.7 Date of Enter into AFCC Debt Settlement Market
3.8 Mergers & Acquisitions, Expansion Plans
4 AFCC Debt Settlement Breakdown Data by Type
4.1 Global AFCC Debt Settlement Historic Market Size by Type (2019-2024)
4.2 Global AFCC Debt Settlement Forecasted Market Size by Type (2025-2030)
5 AFCC Debt Settlement Breakdown Data by Application
5.1 Global AFCC Debt Settlement Historic Market Size by Application (2019-2024)
5.2 Global AFCC Debt Settlement Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America AFCC Debt Settlement Market Size (2019-2030)
6.2 North America AFCC Debt Settlement Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America AFCC Debt Settlement Market Size by Country (2019-2024)
6.4 North America AFCC Debt Settlement Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe AFCC Debt Settlement Market Size (2019-2030)
7.2 Europe AFCC Debt Settlement Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe AFCC Debt Settlement Market Size by Country (2019-2024)
7.4 Europe AFCC Debt Settlement Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific AFCC Debt Settlement Market Size (2019-2030)
8.2 Asia-Pacific AFCC Debt Settlement Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific AFCC Debt Settlement Market Size by Region (2019-2024)
8.4 Asia-Pacific AFCC Debt Settlement Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America AFCC Debt Settlement Market Size (2019-2030)
9.2 Latin America AFCC Debt Settlement Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America AFCC Debt Settlement Market Size by Country (2019-2024)
9.4 Latin America AFCC Debt Settlement Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa AFCC Debt Settlement Market Size (2019-2030)
10.2 Middle East & Africa AFCC Debt Settlement Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa AFCC Debt Settlement Market Size by Country (2019-2024)
10.4 Middle East & Africa AFCC Debt Settlement Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Freedom Debt Relief
11.1.1 Freedom Debt Relief Company Detail
11.1.2 Freedom Debt Relief Business Overview
11.1.3 Freedom Debt Relief AFCC Debt Settlement Introduction
11.1.4 Freedom Debt Relief Revenue in AFCC Debt Settlement Business (2019-2024)
11.1.5 Freedom Debt Relief Recent Development
11.2 Rescue One Financial
11.2.1 Rescue One Financial Company Detail
11.2.2 Rescue One Financial Business Overview
11.2.3 Rescue One Financial AFCC Debt Settlement Introduction
11.2.4 Rescue One Financial Revenue in AFCC Debt Settlement Business (2019-2024)
11.2.5 Rescue One Financial Recent Development
11.3 National Debt Relief
11.3.1 National Debt Relief Company Detail
11.3.2 National Debt Relief Business Overview
11.3.3 National Debt Relief AFCC Debt Settlement Introduction
11.3.4 National Debt Relief Revenue in AFCC Debt Settlement Business (2019-2024)
11.3.5 National Debt Relief Recent Development
11.4 ClearOne Advantage
11.4.1 ClearOne Advantage Company Detail
11.4.2 ClearOne Advantage Business Overview
11.4.3 ClearOne Advantage AFCC Debt Settlement Introduction
11.4.4 ClearOne Advantage Revenue in AFCC Debt Settlement Business (2019-2024)
11.4.5 ClearOne Advantage Recent Development
11.5 Century Support Services
11.5.1 Century Support Services Company Detail
11.5.2 Century Support Services Business Overview
11.5.3 Century Support Services AFCC Debt Settlement Introduction
11.5.4 Century Support Services Revenue in AFCC Debt Settlement Business (2019-2024)
11.5.5 Century Support Services Recent Development
11.6 United Debt Counselors
11.6.1 United Debt Counselors Company Detail
11.6.2 United Debt Counselors Business Overview
11.6.3 United Debt Counselors AFCC Debt Settlement Introduction
11.6.4 United Debt Counselors Revenue in AFCC Debt Settlement Business (2019-2024)
11.6.5 United Debt Counselors Recent Development
11.7 New Leaf Financial
11.7.1 New Leaf Financial Company Detail
11.7.2 New Leaf Financial Business Overview
11.7.3 New Leaf Financial AFCC Debt Settlement Introduction
11.7.4 New Leaf Financial Revenue in AFCC Debt Settlement Business (2019-2024)
11.7.5 New Leaf Financial Recent Development
11.8 Countrywide Debt Relief
11.8.1 Countrywide Debt Relief Company Detail
11.8.2 Countrywide Debt Relief Business Overview
11.8.3 Countrywide Debt Relief AFCC Debt Settlement Introduction
11.8.4 Countrywide Debt Relief Revenue in AFCC Debt Settlement Business (2019-2024)
11.8.5 Countrywide Debt Relief Recent Development
11.9 Liberty Debt Relief
11.9.1 Liberty Debt Relief Company Detail
11.9.2 Liberty Debt Relief Business Overview
11.9.3 Liberty Debt Relief AFCC Debt Settlement Introduction
11.9.4 Liberty Debt Relief Revenue in AFCC Debt Settlement Business (2019-2024)
11.9.5 Liberty Debt Relief Recent Development
11.10 Debt RX
11.10.1 Debt RX Company Detail
11.10.2 Debt RX Business Overview
11.10.3 Debt RX AFCC Debt Settlement Introduction
11.10.4 Debt RX Revenue in AFCC Debt Settlement Business (2019-2024)
11.10.5 Debt RX Recent Development
11.11 Pacific Debt
11.11.1 Pacific Debt Company Detail
11.11.2 Pacific Debt Business Overview
11.11.3 Pacific Debt AFCC Debt Settlement Introduction
11.11.4 Pacific Debt Revenue in AFCC Debt Settlement Business (2019-2024)
11.11.5 Pacific Debt Recent Development
11.12 New Era Debt Solutions
11.12.1 New Era Debt Solutions Company Detail
11.12.2 New Era Debt Solutions Business Overview
11.12.3 New Era Debt Solutions AFCC Debt Settlement Introduction
11.12.4 New Era Debt Solutions Revenue in AFCC Debt Settlement Business (2019-2024)
11.12.5 New Era Debt Solutions Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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