NAICS Code 522390-05 - Settlement Companies

Marketing Level - NAICS 8-Digit

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What's Included in Every Standard Data Package

  • Company Name
  • Contact Name (where available)
  • Job Title (where available)
  • Full Business & Mailing Address
  • Business Phone Number
  • Industry Codes (Primary and Secondary SIC & NAICS Codes)
  • Sales Volume
  • Employee Count
  • Website (where available)
  • Years in Business
  • Location Type (HQ, Branch, Subsidiary)
  • Modeled Credit Rating
  • Public / Private Status
  • Latitude / Longitude
  • ...and more (Inquire)

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Looking for more companies? See NAICS 522390 - Other Activities Related to Credit Intermediation - 422 companies, 1,226 emails.

NAICS Code 522390-05 Description (8-Digit)

Settlement companies are businesses that provide services related to debt settlement, negotiation, and resolution. These companies work with individuals and businesses to help them settle their debts with creditors. Settlement companies typically negotiate with creditors to reduce the amount of debt owed and create a payment plan that is more manageable for the debtor. Settlement companies may also provide credit counseling and financial education to help individuals and businesses avoid future debt problems.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 522390 page

Tools

Tools commonly used in the Settlement Companies industry for day-to-day tasks and operations.

  • Debt settlement software
  • Customer relationship management (CRM) software
  • Payment processing software
  • Document management software
  • Financial analysis software
  • Credit report monitoring tools
  • Negotiation and communication tools
  • Legal research tools
  • Data analytics tools
  • Project management software

Industry Examples of Settlement Companies

Common products and services typical of NAICS Code 522390-05, illustrating the main business activities and contributions to the market.

  • Debt negotiation services
  • Debt settlement services
  • Credit counseling services
  • Financial education services
  • Debt relief services
  • Debt management services
  • Debt consolidation services
  • Financial planning services
  • Budgeting services
  • Credit repair services

History

A concise historical narrative of NAICS Code 522390-05 covering global milestones and recent developments within the United States.

  • Settlement companies have been around for centuries, with the first recorded instance of a settlement company being established in the 16th century in Europe. These companies were initially created to help resolve disputes between merchants and traders. In the United States, the first settlement company was established in the early 1900s, with the primary focus being on resolving disputes between labor unions and management. In recent history, settlement companies have become more prevalent due to the rise in consumer debt and the need for debt relief services. Notable advancements in the industry include the development of debt settlement software, which has streamlined the settlement process and made it more efficient.