Graph and download economic data for Delinquency Rate on Credit Card Loans, All Commercial Banks (DRCCLACBS) from Q1 1991 to Q1 2025 about credit cards, delinquencies, commercial, loans, banks, depository institutions, rate, and USA.

Graph and download economic data for Consumer Loans: Credit Cards and Other Revolving Plans, All Commercial Banks (CCLACBW027SBOG) from 2000-06-28 to 2025-07-16 about revolving, credit cards, loans, consumer, banks, depository institutions, and USA.

Canada was one of three countries worldwide in 2021, where credit card ownership among consumers 15 years and up was over ** percent. This according to a major survey held once every three years in over 140 different countries. The results highlight the major differences in how countries prefer to pay: In Europe, for instance, the Nordics, Luxembourg, and the United Kingdom are regarded as top credit card countries, whereas the Netherlands ranked significantly lower than all these countries. Credit card usage Cardholders use their credit cards for billions of purchase transactions per year. Some do this to avoid carrying cash around, while others carry out transactions. Many also use credit cards because they do not have to pay immediately. While this can help with monthly cash flow issues, it can also lead to credit card debt that can take years to pay off. Regional differences in credit cards Some counties have a culture of credit card usage. For example, the leading credit card companies in the United States have issued hundreds of millions of credit cards, more than the number of U.S. citizens. Other countries do not have the culture of non-cash transactions. Overcoming this requires both an investment in payment infrastructure and putting people in the habit of using cards instead of cash.

Consumer Credit in the United States decreased to 5.10 USD Billion in May from 16.87 USD Billion in April of 2025. This dataset provides the latest reported value for - United States Consumer Credit Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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Debt Settlement Market Size 2024-2028

The debt settlement market size is forecast to increase by USD 5.07 billion at a CAGR of 10.3% between 2023 and 2028.

The market is experiencing significant growth due to the increasing trend of consumers seeking relief from mounting credit card debts. One-time debt settlement has gained popularity as an effective solution for individuals looking to reduce their outstanding debt balances. However, the time-consuming nature of negotiations between debtors and creditors poses a challenge for market expansion. Despite this, the market's strategic landscape remains favorable for companies offering debt settlement services. Key drivers include the rising number of consumers struggling with debt, increasing awareness of debt settlement as a viable debt relief option, and the growing preference for affordable and flexible debt repayment plans.
Companies seeking to capitalize on market opportunities should focus on streamlining the negotiation process, leveraging technology to enhance customer experience, and building trust and transparency with clients. Effective operational planning and strategic partnerships with creditors can also help companies navigate the challenges of a competitive and complex market.

What will be the Size of the Debt Settlement Market during the forecast period?

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The market encompasses a range of companies offering financial wellness programs to help consumers manage and reduce their debt. These programs include medical Debt collection, consumer debt relief, and financial education resources. Online financial resources and debt management software are increasingly popular, providing consumers with affordable debt solutions and debt negotiation strategies. However, it's crucial for consumers to be aware of debt settlement scams and their settlement success rates. Debt consolidation loans and financial planning tools are also viable options for responsible debt management. Furthermore, financial literacy education and workshops are essential for consumers to understand debt reduction calculators and credit reporting errors.
Consumer financial protection agencies offer financial counseling services and financial planning advice to promote financial wellness strategies and responsible borrowing. Student loan forgiveness programs are also gaining traction in the market. Overall, the market for debt settlement and financial wellness solutions continues to evolve, with a focus on providing accessible and effective debt relief options for consumers.

How is this Debt Settlement Industry segmented?

The debt settlement industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Credit card debt
  Student loan debt
  Medical debt
  Auto loan debt
  Unsecured personal loan debt
  Others


End-user

  Individual
  Enterprise
  Government


Distribution Channel

  Online
  Offline
  Hybrid


Service Type

  Debt Settlement
  Debt Consolidation
  Debt Management Plans
  Credit Counseling


Provider Type

  For-profit Debt Settlement Companies
  Non-profit Credit Counseling Agencies
  Law Firms
  Financial Institutions


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa



  APAC

    China
    India
    Japan
    South Korea


  South America



  Rest of World (ROW)

By Type Insights

The credit card debt segment is estimated to witness significant growth during the forecast period.

The market experiences significant activity due to the escalating credit card debt among consumers. In India, for instance, the rising financial hardships faced by borrowers are evident in the increasing credit card defaults. The latest data indicates that credit card defaults in India reached 1.8% in June 2024, a notable increase from 1.7% six months prior and 1.6% in March 2023. This trend underscores the mounting financial pressures on consumers. The outstanding credit card debt in India mirrors this trend, with approximately USD3.25 billion in outstanding balances as of June 2024, a slight increase from the previous year.

Debt elimination and negotiation strategies, such as debt relief programs and debt consolidation, have become increasingly popular among consumers seeking financial relief. Credit reporting agencies play a crucial role in this process, as they maintain and report consumers' credit histories to lenders. Student loan debt, medical debt, tax debt, and payday loans are other significant contributors to the market. Consumers often turn to debt validation, credit repair, and financial coaching for guidance in managing their debts. Online platforms, mobile apps, and budgeting tools have become

Households Debt in the United States decreased to 69.20 percent of GDP in the fourth quarter of 2024 from 70.50 percent of GDP in the third quarter of 2024. This dataset provides - United States Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Debt Collection industry's performance tends to improve when economic conditions are weak, as these factors can elevate business bankruptcies and cause more households to default on loans. On the other hand, a strong economy and tight lending practices can dampen debt collection agencies' performance. Households and businesses pay down debts when the economy is performing well, while tighter lending practices leads to better loans that are less likely to default.While economic conditions weakened in the COVID-19 outbreak's aftermath, the government provided businesses with assistance via stimulus measures to ensure that they could remain in operation. This factor dampened business bankruptcies during the pandemic, dulling demand for debt collection services. Long-term drops in business bankruptcies, the household debt to assets ratio and the ratio of credit card debt to discretionary income have cut into industry profit margins. Despite these trends, debt collection agencies are starting to recover. Inflationary pressures have been ramping up, and the RBA has been raising the cash rate consistently to combat this climb. Resulting rises in interest rates and the cost of borrowing have made it more likely for households and businesses to accumulate bad debt. Revenue is expected to fall at an annualised 7.1% to an estimated $1.2 billion over the five years through 2023-24. However, this trend includes an expected rise of 9.4% in 2023-24, as recovering demand for debt collection services has sparked improved performance.Debt collection agencies' performance is set to keep recovering over the next few years. Climbing interest rates will lift the ratio of interest payments to disposable income, making it more likely that downstream markets will seek out debt collection services. Agencies are also likely to improve their profit margins; many debt collectors are implementing process automation via web portals, which can improve productivity and automate communications functions like sending emails and messages. Growth opportunities are also on track to arise for debt collectors, as more companies will be outsourcing receivables management to specialists in the industry – particularly companies in the finance, insurance, banking and telecommunications sectors. Overall, revenue is forecast to climb at an annualised 1.1% to an estimated $1.3 billion over the five years through 2028-29, reflecting the industry's improved operating conditions.

Debt Management Services Market Outlook

The global debt management services market size was valued at USD 10.5 billion in 2023 and is projected to reach USD 24.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 9.6% during the forecast period. The escalating consumer debt levels and the need for efficient debt handling are significant growth factors driving this market. With rising personal and corporate debt incidences globally, the demand for professional debt management services is poised to see substantial growth in the upcoming years.

A primary growth factor in the debt management services market is the increasing consumer debt, particularly in developed nations like the United States and several European countries. Over the past few years, there has been a notable surge in credit card debts, student loans, and mortgages. This trend has compelled individuals to seek professional intervention for managing and consolidating their debt burdens. Moreover, the aftermath of economic downturns and the COVID-19 pandemic has exacerbated financial instability, making debt management services crucial for many. As economies recover, the necessity for structured and effective debt relief mechanisms is anticipated to further fuel market growth.

Another significant driver is the rising awareness about the benefits of debt management services among individuals and businesses. Awareness campaigns and financial literacy programs by governments and financial institutions play a pivotal role in educating the masses about prudent debt management. These services not only help in debt reduction but also in managing credit scores, avoiding bankruptcy, and creating feasible repayment plans. This growing awareness is likely to sustain the demand for debt management services across different customer segments.

In the realm of debt management, understanding the intricacies of Credit Scores, Credit Reports & Credit Check Services is paramount. These components play a crucial role in determining an individual's financial health and borrowing capacity. Credit scores, which are numerical representations of a person's creditworthiness, influence the terms and conditions of loans and credit facilities. Regular monitoring of credit reports helps in identifying discrepancies and taking corrective measures to maintain a healthy credit profile. Credit check services, offered by various financial institutions, provide insights into an individual's credit history, enabling better financial planning and management. As individuals become more aware of these services, they are better equipped to manage their debts and improve their financial standing.

The advent of digitalization and technological advancements has also had a favorable impact on the debt management services market. The integration of AI and machine learning into debt management tools has revolutionized the way these services are delivered. Automated systems for monitoring and managing debts, personalized debt reduction plans, and online debt advisory services have made it easier for consumers to access and utilize these services. Additionally, mobile applications for debt tracking and management have gained immense popularity, particularly among younger demographics, thereby driving the market growth.

Regionally, North America dominates the debt management services market, owing to high consumer indebtedness and a well-established financial advisory sector. However, emerging economies in the Asia Pacific and Latin America regions are witnessing rapid growth in this market. The increasing middle-class population, rising disposable incomes, and growing awareness about financial literacy are key growth catalysts in these regions. Furthermore, government initiatives to promote financial stability and manage public debt are expected to bolster the market in these regions.

Service Type Analysis

The debt management services market is segmented by service type into debt consolidation, debt settlement, credit counseling, and bankruptcy services. Debt consolidation services involve combining multiple debts into a single, more manageable payment plan. This service is particularly appealing to individuals with multiple high-interest loans, as it simplifies the debt repayment process and can reduce the overall interest paid. The growing complexity of personal finance and the proliferation of credit products have made debt consolidation a highly sought-after servic

The Credit Card Issuance industry has contracted as the number of cards issued and balances accruing interest have fallen. Issuers have faced significant competition from other forms of payment like debit cards and BNPL services. The monthly value of debit card transactions has continued to surpass the monthly value of credit card transactions thanks to initiatives like the Reserve Bank of Australia's (RBA) least-cost routing initiative. BNPL services have also gained popularity with younger consumers who constitute a significant market for online sellers. That's why revenue is set to weaken by an annualised 5.3% over the five years through 2024-25, to $7.6 billion. To compete with sophisticated competition, credit card issuers have beefed up their reward and referral programs and integrated online payment, service and customer acquisition platforms into their operations. The Big Four banks dominate the industry and NAB's acquisition of Citigroup's Australian consumer banking business has expanded its collective market share. Economic conditions tied to inflationary pressures have ravaged consumer sentiment and appetites for spending through credit. Some customers have opted to pay down debt instead and have avoided taking on more. A sharp climb in interest rates over the past few years has compounded this dynamic, which is set to constrain industry performance in 2024-25, with revenue declining by an anticipated 0.9%. Credit card issuers' performance will improve over the coming years as economic conditions recover. Credit card issuance revenue is projected to expand at an annualised 2.0% through the end of 2029-30, to total $8.4 billion. The RBA is forecast to slash the cash rate once inflation falls within the central banks' target band, lifting credit card issuer profit margins as funding costs drop. Alternative payment methods, like BNPL services, debit transactions and other fintech solutions, are on track to sap away demand for credit cards. However, easing inflationary pressures and lower interest rates over the medium term are set to spur household consumption expenditure and credit card use. In response to the fierce competition, issuers will emphasise innovation and enhance their rewards and points systems to entice consumers.

According to Cognitive Market Research, the global Debt Settlement market size is USD 289.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 115.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 86.76 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 66.52 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 14.46 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 5.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
The B2B Type held the highest Debt Settlement market revenue share in 2024

Market Dynamics of Debt Settlement Market

Key Drivers for Debt Settlement Market

Increased Consumer Debt to Increase the Demand Globally:

Rising consumer debt tiers, influenced by factors that include scholar loans, clinical payments, and credit card utilization, make contributions to burgeoning customers for debt settlement companies. Mounting economic obligations stresses people, prompting them to search for comfort through debt agreement offerings. Student mortgage burdens, exacerbated with the aid of escalating lesson fees and clinical prices, frequently now not fully protected by using coverage, compound the debt crisis. Additionally, sizable credit card utilization amplifies patron indebtedness. These elements together pressure people to explore debt agreement alternatives, aiming to barter decreased payment arrangements with lenders. Consequently, the demand for debt agreement offerings surges amidst the backdrop of escalating purchaser debt, reflecting the profound effect of financial strain on households.

Greater Awareness of Debt Settlement Services to Propel Market Growth:

Heightened advertising endeavors and monetary literacy tasks have fostered broader know-how of debt settlement offerings as a viable approach to debt control. With extra publicity for those options, customers are increasingly open to exploring alternatives beyond traditional debt compensation techniques. Enhanced recognition empowers people to recall debt agreements as a proactive technique to alleviate economic burdens. As they grow to be extra informed about the capacity blessings and implications, clients are much more likely to interact with debt agreement businesses to negotiate favorable phrases with lenders. This shift indicates a fundamental alternate in customer attitudes toward debt management, pushed via education and outreach efforts aimed toward promoting financial empowerment and resilience.

Key Restraint Factor for the Debt Settlement Market

Negative Impact on Credit Score to Limit the Sales:

Debt agreement, even as providing alleviation from overwhelming monetary burdens, frequently involves an amazing drawback: a vast decline in the man or woman's credit score. By negotiating decreased repayment quantities with lenders, individuals efficiently acknowledge an incapacity to fulfill the initial debt duties as agreed upon. Consequently, credit score reporting groups interpret this as a hazard component, main to a downward adjustment within the person's credit rating. This faded score can critically prevent future financial endeavors, consisting of securing loans or traces of credit, as creditors normally view lower credit scores as indicative of heightened repayment danger. Thus, whilst debt settlement provides on-the-spot respite, its lasting impact on creditworthiness underscores the importance of cautiously weighing the trade-offs concerned in pursuing such answers.

Key Trends for the Debt Settlement Market

AI-Driven Settlement Algorithms: Machine learning forecasts the most favorable settlement amounts and their timing. Automated systems evaluate creditor behavior patterns. These instruments greatly enhance the success rates of negotiations. Providers achieve greater efficiency in managing larger volumes of cases.

Debt S...

Key information about United States Household Debt: % of GDP

• United States household debt accounted for 61.7 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 62.3 % in the previous quarter.
• US household debt to GDP ratio is updated quarterly, available from Mar 1999 to Dec 2024.
• The data reached an all-time high of 85.8 % in Dec 2008 and a record low of 49.4 % in Mar 1999.

CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. Federal Reserve Board of New York provides Household Debt in USD. The Bureau of Economic Analysis provides Nominal GDP in USD. Household Debt includes Mortgages, Home Equity Revolving, Auto Loans, Bankcards, Student Loans and Others.


Related information about United States Household Debt: % of GDP

• In the latest reports, US Household Debt reached 18,036.0 USD bn in Dec 2024.
• Money Supply M2 in US increased 3.9 % YoY in Jan 2025.
• US Foreign Exchange Reserves was measured at 34.9 USD bn in Dec 2024.
• The Foreign Exchange Reserves equaled 0.1 Months of Import in Dec 2024.
• US Domestic Credit reached 30,648.3 USD bn in Mar 2024, representing an drop of 0.3 % YoY.
• The country's Non Performing Loans Ratio stood at 1.7 % in Dec 2024, compared with the ratio of 1.5 % in the previous quarter.

Of the banking institutions in the United States that issued credit cards, Citibank and Chase were the only ones with over ** million active accounts. This according to estimates based on either credit card expenses per issuer, or outstanding credit loans per issuer. Note that an issue like Chase does not issue their own branded credit cards, but use Visa or MasterCard instead. The number of Visa credit cards in circulation in the United States was over *** million by 2020, whereas overall MasterCard credit cards were below that. Why credit cards? Credit cards are popular in the United States. Unlike debit cards, credit cards do not require funds to be present before purchase and are therefore not necessarily linked to a bank account. It is common for card holders to own more than one credit card. Reasons for this include benefits such as rewards programs, as well as the fact that some retailers only take certain credit card brands. The downside of buying on credit Since credit cards allow the user to defer payment, some users spend more than they can pay immediately. This leads to credit card debt. Since the interest rates on credit card plans are generally over ** percent, this debt is difficult to pay off. With such many credit cards in circulation in the United States, many analysts watch levels of credit card debt closely.

Credit card issuers generate revenue from cardholders primarily through fees and interest earned on revolving credit. Companies compete by offering customers lower interest rates, flexible and secure payment options and rewards programs based on spending levels. Over the past five years, industry revenue has grown at a CAGR of 1.6% to $178.6 billion, including an expected jump of 0.6% in 2025 alone. Industry profit has climbed to 31.6% in 2025, up from 11.9% in 2020. Improving employment and consumer spending levels and promoting increases in revolving balances are expected to support performance. Revenue declined both in 2020 and 2021 due to the economic volatility. Since then, revenue has crawled along, as the consumer price index has climbed which has contributed to the aggregate household debt to jump as consumers are increasingly using their credit cards for purchases, pushing demand and revenue higher. Competing economic trends and technology adoption will determine industry growth. Performance will continue to improve as consumer spending keeps increasing. However, while national unemployment is likely to decline and support demand for credit cards, Federal Reserve Board actions to stem inflation may threaten revenue generation. In addition, mounting industry competition in rewards programs will challenge profit margins. External competitive threats from companies providing Buy Now Pay Later expand consumers' credit options. These appealing new low or no-interest financing plans offered directly from sellers on social media platforms seamlessly link products to payment, bypassing industry operators' similar payment offerings. Emerging technologies like cryptocurrencies and artificial intelligence systems represent a significant opportunity for credit card issuers to secure market share and reduce costs. Overall, credit card issuing revenue is set to increase at a CAGR of 0.8% to $185.9 billion over the five years to 2030.

Graph and download economic data for Personal Saving Rate (PSAVERT) from Jan 1959 to Jun 2025 about savings, personal, rate, and USA.

Cards And Payments Market Outlook

The global cards and payments market size was valued at approximately $10 trillion in 2023 and is projected to grow to around $15 trillion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.5% over the forecast period. This impressive growth is primarily driven by the increasing digitization of financial services, greater consumer adoption of online and mobile payments, and expanding penetration of internet and smartphone usage across the globe.

One of the primary growth factors of the cards and payments market is the rapid advancement in technology, particularly in mobile and internet infrastructure. The proliferation of smartphones and the rising availability of high-speed internet have significantly influenced the adoption of digital payments. Consumers are increasingly relying on their mobile devices for everyday transactions, prompting businesses to adapt by offering various digital payment options. Additionally, the development of secure payment gateways and advanced encryption technologies has enhanced consumer trust in digital payment methods.

Another significant factor contributing to market growth is the shift in consumer behavior and preferences. The convenience and speed offered by online and mobile payments are unmatched, leading to a decline in cash transactions. The COVID-19 pandemic accelerated this trend by necessitating contactless payment methods to mitigate the spread of the virus. Consumers and businesses alike have become more comfortable with digital transactions, and this behavioral shift is expected to have a lasting impact on the market.

Regulatory support and government initiatives are also playing a crucial role in the expansion of the cards and payments market. Governments worldwide are promoting digital financial inclusion through various policies and programs aimed at increasing access to banking services. For instance, initiatives like India's Digital India campaign and the European Union's Revised Payment Services Directive (PSD2) have encouraged the adoption of digital payment methods, thereby boosting market growth.

Regionally, the Asia Pacific region is expected to witness the highest growth rate in the cards and payments market. This can be attributed to the rapid economic development, urbanization, and a large unbanked population that is gradually being brought into the formal banking system through digital means. Countries like China and India are at the forefront of this transformation, with significant investments in digital infrastructure and a burgeoning fintech ecosystem driving market growth.

Card Type Analysis

The cards and payments market is segmented into various card types, including credit cards, debit cards, prepaid cards, and others. Credit cards have traditionally been popular due to their credit facilities and reward programs. They allow consumers to borrow funds up to a certain limit and pay it back later, often with interest. The convenience of not needing to carry cash and the added benefits of rewards, cashback, and travel points have made credit cards a favored choice among consumers. Financial institutions continue to innovate with flexible repayment options and bonus point schemes to attract more users.

Debit cards, on the other hand, are directly linked to a consumer’s bank account and allow users to spend money they already have. They are widely accepted and offer immediate fund transfer without accruing debt. The simplicity and security associated with debit cards make them a popular choice for everyday transactions. With the rise of contactless payments, debit card usage has surged, as consumers appreciate the convenience of tapping their cards for swift transactions.

Prepaid cards offer another layer of flexibility and control for users. These cards are not linked to any bank account and are loaded with a specific amount of money. They are particularly useful for budgeting purposes or for specific use cases like travel or gifting. Prepaid cards also provide a safer alternative to carrying cash and can be used in places where credit or debit cards are accepted. The growing trend of digital wallets and e-gift cards is further propelling the demand for prepaid cards.

Other types of cards, including store cards and fleet cards, cater to niche markets but also contribute to the overall growth of the cards and payments market. Store cards are issued by specific retailers and offer rewards or discounts for purchases made at the issuing store. Fleet cards are used by b

Debt collection agencies in Canada endured mixed results across their core service niches, as high inflation and uneven debt growth across core markets affected their ability to collect debt. Insolvency rates fell drastically during the pandemic in 2020 as robust government stimulus and policies such as the Canada Emergency Wage Subsidy (CEWS) pushed banks and other debt lenders to defer mortgage, credit card and other payments. Economic recovery and the subsequent reopening across core sectors such as manufacturing and retail reversed insolvency trends, as clients required debt collection agencies to help secure their money. Recent spikes in interest rates, which peaked to a high of 5.0% in 2023, further complicated matters, as consumers and businesses alike endured higher credit card payments and financing for loans and mortgages, respectively. Overall, revenue grew an annualized 0.2% to an estimated $789.1 million over the past five years, including an estimated 1.1% decline in 2025 alone. The majority of agencies are small and typically serve local or regional markets. Even so, merger and acquisition activity has continued to expand as companies seek economies of scale and scope. This allows agencies to help meet client needs across the nation. With business delinquencies falling 14.7% over the past quarter in 2024, agencies have been forced to diversify their service offering to encompass a wider range of sectors and individual consumers. Technological proliferation and new automated systems have allowed larger agencies to enhance service offering via faster analysis of consumer information and collection of debts virtually, stabilizing profit. Moving forward, debt collection agencies face a mixed future. While currently elevated interest rates and the robust levels of household debt will continue to provide a need for collection services, a thriving economy will mean more consumers and businesses will pay off their debts before they default. Debt collectors will adopt cost-saving communications technology and enhanced data analytics tools to minimize volatility and lower labour costs, which make up over half of their main expenditures. Most large agencies have the financial capabilities for technological enhancements, giving them a competitive advantage; nonetheless, higher competition from in-house collection agencies across prominent commercial banks will limit the scope of agency influence. Overall, revenue is expected to grow an annualized 0.6% to an estimated $813.2 million through the end of 2030.

Key information about Germany Household Debt

• Germany Household Debt reached 2,400.6 USD bn in Sep 2024, compared with the reported number of 2,299.1 USD bn in the previous quarter
• Germany Household Debt: USD mn data is updated quarterly, available from Mar 1991 to Sep 2024
• The data reached an all-time high of 2,405.4 USD bn in Mar 2008 and a record low of 842.7 USD bn in Jun 1991

CEIC converts quarterly Household Debt into USD. Deutsche Bundesbank provides Household Debt in EUR based on ESA 2010. The Federal Reserve Board period end market exchange rate is used for currency conversions. Household Debt prior to Q1 1999 is based on ESA 1995.


Further information about Germany Household Debt

• In the latest reports, Germany Household Debt accounted for 50.4 % of the country's Nominal GDP in Jun 2024
• Money Supply M2 in Germany increased 4,108.7 USD bn YoY in Nov 2024
• Germany Foreign Exchange Reserves was measured at 35.2 USD bn in Dec 2024
• The Foreign Exchange Reserves equaled 0.3 Months of Import in Nov 2024
• Germany Domestic Credit reached 6,470.9 USD bn in Oct 2024, representing an drop of 6.2 % YoY

Key information about United Arab Emirates Household Debt

• United Arab Emirates Household Debt reached 457.5 USD bn in Apr 2023, compared with the reported number of 455.8 USD bn in the previous month
• United Arab Emirates Household Debt: USD mn data is updated monthly, available from Dec 2013 to Apr 2023
• The data reached an all-time high of 457.5 USD bn in Apr 2023 and a record low of 327.7 USD bn in Dec 2013

CEIC converts monthly Household Debt into USD. The Central Bank of the United Arab Emirates provides Household Debt in local currency. The International Monetary Fund period end market exchange rate is used for currency conversions. Loans are used due to the lack of Flow of Funds statistics. Household Debt covers Residents only.


Further information about United Arab Emirates Household Debt

• In the latest reports, United Arab Emirates Household Debt accounted for 106.2 % of the country's Nominal GDP in Dec 2021
• Money Supply M2 in United Arab Emirates increased 496.6 USD bn YoY in Apr 2023
• United Arab Emirates Foreign Exchange Reserves was measured at 141.6 USD bn in Mar 2023
• The Foreign Exchange Reserves equaled 3.8 Months of Import in Sep 2022
• United Arab Emirates Domestic Credit reached 401.4 USD bn in Mar 2023, representing an drop of 5.0 % YoY

Debt Purchase Service Market Outlook

The global debt purchase service market size was valued at USD 1.5 billion in 2023 and is projected to reach USD 3.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 10.5% during the forecast period. The key growth factor driving this market includes the increasing volume of non-performing loans (NPLs) which has prompted financial institutions and other businesses to seek effective debt recovery solutions. Economic fluctuations and consumer debt levels have also contributed significantly to the demand for debt purchase services globally.

The rapid increase in consumer and corporate debt levels has led to a higher incidence of non-performing loans, fueling the need for specialized debt purchase services. Financial institutions are increasingly offloading their NPLs to focus on core activities and to maintain healthy balance sheets. The advent of technology in data analytics and machine learning is also enhancing the efficiency of debt purchase services, making it easier to identify and acquire profitable debt portfolios. Furthermore, regulatory frameworks in various regions are becoming more supportive of debt purchase activities, which is likely to propel market growth.

Another significant growth factor is the increasing awareness and adoption of debt purchase services among small and medium enterprises (SMEs). SMEs often struggle with cash flow issues due to unpaid debts and find it beneficial to sell their receivables to specialized firms that can manage collections more efficiently. The flexibility and financial resilience that debt purchase services offer to these businesses are crucial in sustaining their operations, particularly in volatile economic times. Additionally, the rising trend of financial outsourcing is contributing to market expansion as more organizations opt for third-party services to handle debt recovery.

The digital transformation in financial services is also a key driver for the debt purchase service market. Enhanced data collection and analytics capabilities are enabling more accurate risk assessments and better recovery strategies. Moreover, the integration of artificial intelligence and machine learning in debt recovery processes is providing automated and more efficient solutions, thereby reducing operational costs and improving recovery rates. This technological advancement not only increases the effectiveness of debt purchase services but also makes them more appealing to a broader range of end-users, including financial institutions, investment firms, and collection agencies.

From a regional perspective, North America holds the largest share of the debt purchase service market due to the high volume of outstanding consumer and corporate debt. The regulatory environment in the region is conducive to debt purchase activities, and the presence of large financial institutions further supports market growth. Europe is another significant market, driven by increasing NPL volumes across the banking sector in several countries. The Asia Pacific region is expected to witness the highest CAGR during the forecast period, fueled by rapid economic growth, increasing consumer debt levels, and the ongoing development of financial markets in countries like China and India.

Debt Arbitration plays a crucial role in the debt purchase service market by providing a structured process for negotiating and resolving disputes between creditors and debtors. This process can be particularly beneficial in cases where the debtor is unable to meet their financial obligations, allowing for a mutually agreeable settlement that avoids the need for more drastic measures such as bankruptcy. By facilitating communication and compromise, debt arbitration helps maintain relationships between parties and can lead to more favorable outcomes for both creditors and debtors. In the context of debt purchase services, effective arbitration can enhance the value of acquired debt portfolios by increasing the likelihood of successful recoveries, thereby making them more attractive to potential buyers.

Type Analysis

The debt purchase service market can be segmented by type into secured debt and unsecured debt. Secured debts are those backed by collateral, such as mortgages or auto loans, making them less risky for debt purchasers. In contrast, unsecured debts, including credit card

Households Debt in Canada decreased to 99.58 percent of GDP in the first quarter of 2025 from 100.39 percent of GDP in the fourth quarter of 2024. This dataset provides - Canada Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.