Activities of collection agencies and credit bureaus

NACE v2.1 Code: O82.91

About activities of collection agencies and credit bureaus

NACE code 82.91 covers the activities of collection agencies and credit bureaus, which play a crucial role in the broader financial ecosystem. These organizations are responsible for collecting overdue payments on behalf of creditors, as well as maintaining and providing credit information on individuals and businesses. Their services are essential for managing credit risk and ensuring the smooth functioning of lending and credit markets.

Production process

Collection agencies typically follow a standardized process when recovering overdue payments. This involves contacting debtors, negotiating payment plans, and, if necessary, pursuing legal action. Credit bureaus, on the other hand, gather and analyze financial data from various sources to create comprehensive credit reports on consumers and businesses. These reports are then used by lenders, landlords, and other organizations to assess creditworthiness and make informed decisions.

Production inputs

The key inputs for this industry include access to financial data, such as payment histories and credit information, as well as skilled personnel to manage the collection and reporting processes. Collection agencies may also require legal expertise to navigate the complexities of debt recovery, while credit bureaus rely on sophisticated data management and analysis tools to maintain their databases.

Production outputs

The primary outputs of this industry are the collection of overdue payments on behalf of creditors and the provision of credit reports and scores. These outputs are consumed by a wide range of NACE codes, including 64.19 Other monetary intermediation, 68.20 Renting and operating of own or leased real estate, and 77.39 Rental and leasing of other machinery, equipment and tangible goods n.e.c..

Revisions to 82.91

Classification codes are adjusted frequently. The code may have been revised or replaced between system versions. The table below shows the history (newest to oldest) of the code 82.91. The most recent 2 versions of this code (82.91) is in the NACE v2.1 system (this version):

This page shows the most recent version of code 82.91.

Family tree for activities of collection agencies and credit bureaus

    graph LR
    A["<a href='/classifications/nace/v2-1/O'>O: ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES</a>"]
A --> B["<a href='/classifications/nace/v2-1/O/82'>82: Office administrative, office support and other business support activities</a>"]
B --> C["<a href='/classifications/nace/v2-1/O/82/9'>82.9: Business support service activities n.e.c.</a>"]
C --> D["<a href='/classifications/nace/v2-1/O/82/91'>82.91: Activities of collection agencies and credit bureaus</a>"]

    C --> E["<a href='/classifications/nace/v2-1/O/82/92'>82.92: Packaging activities</a>"]
C --> F["<a href='/classifications/nace/v2-1/O/82/99'>82.99: Other business support service activities n.e.c.</a>"]

    

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