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National Data - Annual Impact


Returning Assets
 -
Gross Amount Recovered: $55 B

Providing America Jobs
 - Direct Collections Jobs: 148,272
 - Direct Payroll: $5 B
 - Direct & Indirect Jobs: 302,000
 - Direct & Indirect Payroll: $10 B

Paying Taxes
 - Direct State / Local Taxes: $509 M
 - Direct Federal Taxes: $495 M
 - Total State / Local Tax Impact: $1 B
 - Total Federal Tax Impact: $970 M

Giving Back
 - Charitable Contributions: $85.2 M
 - Employee Volunteer Hours: 652,300

Savings per Household
 - Average per Household Savings: $396

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Impact of Third-Party Debt Collection on the National and State Economies

Economic impact of third party debt collection.

The U.S. economy is built on the premise that those who provide credit, goods and services have the expectation of being repaid.

Recovery of consumer debt by third-party debt collectors on behalf of America’s public, private and nonprofit sectors has significant effects on our nation’s economic health.

Third-party debt collectors are engaged in their local communities as valued civic leaders, employers, volunteers, philanthropists and taxpayers.

To measure the annual impacts of third-party debt collection on the national and state economies, ACA International commissioned global advisory firm Ernst & Young to conduct a survey in the fall of 2011.

Economic impact of third-party debt collection

Complete 2011 Survey Report

Video

Econimic Impact

 
ArkansasWashingtonOregonCaliforniaNevadaIdahoMontanaWyomingUtahArizonaNew MexicoColoradoTexasOklahomaKansasNebraskaSouth DakotaNorth DakotaMinnesotaIowaMissouriLouisianaMichiganWisconsinIllinoisMississippiTennesseeAlabamaFloridaGeorgiaSouth CarolinaNorth CarolinaKentuckyVirginiaWest VirginaNew JerseyDelawareMarylandWashington DCPennsylvaniaNew YorkConnecticutRhode IslandMassachusettsMaineNew HampshireVermontOhioIndianaHawaiiAlaska

Sources: Ernst & Young, 2011 www.acainternational.org/impact & U.S. Government

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Economic Impact
 
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