Third-Party Debt Collection Benefits the US Economy

	Jobs Provided The debt collection industry provides more than 300,000 jobs per year with a payroll of $10 billion.
	Consumer Debt Collected Debt collection recovers more than $58.8 billion per year for businesses and taxpayers.

• Businesses write off $152.5 billion + in bad debt. Third party debt collectors recover $55 billion.
• In 2009, municipal governments reported $40 billion in uncollected debt. Third party debt collectors recovered $6 billion for taxpayers.
• In 2009, the federal government reported $30.9 billion in uncollected debt. Third party debt collectors recovered $788 million for taxpayers.
• At least 43 states currently employ third party debt collection to recover taxpayer dollars.