SIC Code 6153-05 Description (6-Digit)

Debt Buyers are companies that purchase delinquent or charged-off debts from creditors or other debt buyers at a discounted price and then attempt to collect the full amount owed from the debtor. This industry involves a range of activities, including analyzing and valuing debt portfolios, negotiating with creditors and debtors, and managing the collection process. Debt Buyers may specialize in certain types of debt, such as credit card debt or medical debt, and may operate in a variety of markets, including consumer, commercial, and government.

Hierarchy Navigation for SIC 6-Digit Code 6153-05

Parent Code (less specific)

6153 - Short-Term Business Credit Institutions, except Agricultural

Tools

Debt portfolio analysis software
Valuation models
Negotiation software
Skip tracing tools
Collection management software
Payment processing systems
Compliance management software
Data analytics tools
Customer relationship management (CRM) software
Legal research databases

Industry Examples of Debt Buyers

Credit card debt buyers
Medical debt buyers
Auto loan debt buyers
Student loan debt buyers
Mortgage debt buyers
Small business debt buyers
Government debt buyers
Telecom debt buyers
Retail debt buyers
Utilities debt buyers

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