Billion-Dollar Companies Top Collection Agency and Debt-Buyer Industry Rankings

Collections & Credit Risk, SourceMedia’s monthly trade publication covering the collection and debt-buying businesses in the commercial and consumer market, has published its industry rankings of the top 10 collection agencies, law firms and debt buyers.

"The collection and debt-buying businesses are growing rapidly, touching more and more American lives in the process," said Editor-in-Chief, John N. Frank. "Our exclusive rankings clearly demonstrate this dramatic growth. We’re the only publication providing insight into just how large these businesses are becoming."

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Pennsylvania-based collection agency NCO Financial reported revenues of $1.05 billion in 2005, making it the largest collection agency in the country. Debt-buying Sherman Financial reported $1 billion in 2005 revenues, putting it on top of Collections & Credit Risk’s debt-buyer Top 10 list.

Cleveland-based collection law firm, Weltman, Weinberg & Reis topped the list of Collections & Credit Risk’s list of collection law firms with revenues of $63.76 million in 2005. The 28 companies ranked by Collections & Credit Risk had combined revenues of $5.5 billion in 2005.

The rankings are the first produced by Collections & Credit Risk since 2003, which used 2002 revenues, and are the only publicly available rankings of firms active in collections, debt buying and collections law.