NAICS Code 561440-01 - Check Collection Service

Marketing Level - NAICS 8-Digit

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Business Addresses: 2
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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 561440 - Collection Agencies - 1,787 companies, 18,481 emails.

NAICS Code 561440-01 Description (8-Digit)

Check Collection Service is a type of industry that specializes in the collection of checks that have been returned due to insufficient funds or other reasons. This industry involves working with individuals and businesses to recover funds owed to the check issuer. Check Collection Service companies typically work on a contingency basis, meaning they only receive payment if they are successful in collecting the funds owed.

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 561440 page

Tools

Tools commonly used in the Check Collection Service industry for day-to-day tasks and operations.

  • Check verification software
  • Automated phone systems
  • Skip tracing software
  • Payment processing software
  • Debt collection software
  • Electronic check recovery software
  • Customer relationship management (CRM) software
  • Credit reporting tools
  • Legal software for debt collection
  • Bankruptcy software

Industry Examples of Check Collection Service

Common products and services typical of NAICS Code 561440-01, illustrating the main business activities and contributions to the market.

  • Check recovery services
  • Debt collection agencies
  • Financial institutions
  • Credit unions
  • Retail stores
  • Healthcare providers
  • Utility companies
  • Landlords
  • Property management companies
  • Government agencies

History

A concise historical narrative of NAICS Code 561440-01 covering global milestones and recent developments within the United States.

  • The "Check Collection Service" industry has a long history dating back to the early 1900s when check writing became a popular payment method. The industry has since evolved with the introduction of electronic payment methods and the rise of credit cards. In the United States, the industry has faced several challenges, including the 2008 financial crisis, which led to a decrease in consumer spending and an increase in delinquent accounts. However, the industry has adapted to these challenges by implementing new technologies and strategies to improve collection rates and reduce costs.