Credit Reporting and Debt Collection Services in New Zealand - Industry Market Research Report

Credit Reporting and Debt Collection Services in New Zealand - Industry Market Research Report

Credit Reporting and Debt Collection Services in New Zealand

Operators in the Credit Reporting and Debt Collection Services industry faced volatile trading conditions in recent years, with a range of factors influencing their performance. These factors include the unemployment rate, housing transfer numbers, insolvency volumes, consumer and business debt amounts and their ability to meet debt obligations. The cash rate and funding costs for financial institutions, which influence borrowing costs, also affect demand. Low borrowing costs can boost demand for credit reports, while high borrowing costs cause financial distress, supporting demand for debt collectors.

Credit reporters primarily compile information on an individual or business’s credit or employment history, and a vehicle’s legal status. Firms that provide debt collection and repossession services are also included in the industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.