SIC Code 6162-05 Description (6-Digit)

Settlement companies are businesses that specialize in negotiating and settling debts on behalf of their clients. These companies work with creditors to reduce the amount of debt owed by their clients, often by negotiating lower interest rates or payment plans. Settlement companies typically work with clients who are struggling to pay off their debts and may be facing financial hardship. They offer a range of services, including debt consolidation, debt management, and debt settlement.

Hierarchy Navigation for SIC 6-Digit Code 6162-05

Parent Code (less specific)

6162 - Mortgage Bankers and Loan Correspondents

Tools

Debt settlement software
Customer relationship management (CRM) software
Payment processing software
Credit report monitoring tools
Negotiation and communication tools
Financial analysis tools
Legal document preparation software
Budgeting and financial planning tools
Data analytics and reporting tools
Compliance and regulatory tools

Industry Examples of Settlement Companies

Debt consolidation
Debt management
Credit counseling
Debt settlement
Financial planning
Budgeting
Credit repair
Bankruptcy counseling
Student loan consolidation
Tax debt relief

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