Growth Market: The Re-Emergence of Financial Services

Accounts receivable management industry companies that suffered and survived the Great Recession have unlimited opportunities to secure new business and grow beyond pre-recession levels. Consider this, in the 10 years since the recession, sector net charge-offs have amounted to more than $54 billion across the commercial banking, fintech and credit union marketplaces, said Jared Lese, the director of research at Kaulkin Ginsberg, who also noted that these defaults included credit cards, private student loans and various personal and business loans. Thus, third party debt collectors seeking to expand their businesses have more than one option, that is, if they are willing to dig deep into a burgeoning asset class.

Spend 15 minutes today listening to Lese and Mike Ginsberg, president and CEO of Kaulkin Ginsberg, discuss business trends in the latest episode of ACA Cast titled, “Growth Market: The Re-Emergence of Financial Services.”