Collection Industry News

JUNE 13, 2024

Credit card debt hit a record high of $930 billion for Americans in the final quarter of 2019, according to the latest data from the Federal Reserve Bank of New York released on Feb. That’s a $46 billion increase in credit card balances from the prior quarter and up an alarming $57 billion over the same period in 2018.

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Credit Corp

MAY 4, 2021

For instance, work on getting rid of your high-interest credit card debt before moving on to your federal student loans. Calculate Your Credit Card Payoff. Becoming debt-free is a big goal that will likely take a long time to accomplish. “We Apply for a 0% Balance Transfer Card. Set Micro-Goals.

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Credit Card Debt Bankruptcy Lender Student loans 75

Better Credit Blog

MAY 4, 2022

Debt consolidation is when you bundle several debts together into one larger sum and then make a single monthly repayment instead of multiple smaller ones. Consolidating debts with different interest rates and repayment schedules can make it easier to manage your finances. Debt settlement. Bankruptcy.

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Debt Consolidation Consolidate Debt Personal loans Loans 70

Titan Consulting

SEPTEMBER 2, 2020

Perhaps consolidating debt will solve your financial problems. The Avenues Available to Consolidate Debt ? Debt Consolidation first appears to be an attractive option because you roll multiple debts into a single payment simplifying the process and saving you money. Something has to give.

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Debt Consolidation Unsecured Debt Consolidate Debt Personal loans 60

Credit Corp

DECEMBER 4, 2024

In this post, discover how consolidating your debts can streamline your finances, boost your credit score, and set you on the path to financial freedom. What Is Debt Consolidation? This could help you pay off what you owe faster, get out of debt, and improve your total credit utilization ratio.

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Debt Consolidation Consolidate Debt Credit Card Debt Loans 52

Sawin & Shea

APRIL 17, 2024

Chapter 13 bankruptcy is an invaluable financial tool for those struggling with overwhelming debt, and it can pave the way for a fresh start. Unlike Chapter 7 , Chapter 13 bankruptcy allows you to avoid liquidating your non-exempt assets. What Is a Chapter 13 Bankruptcy Filing?

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Credit Corp

JULY 9, 2021

The average American home owes around $6,270 in credit card debt. You may also be relieved to hear that you’re not out of options if you have past due debt. Fortunately, there are a few alternatives to credit card and other debt settlement. Although some may be considered as a last resort.

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Debt settlement Credit Card Debt Debt collector Lender 76

Better Credit Blog

AUGUST 3, 2021

. “A bad credit score is somewhat of an indicator of your short, medium, and long-term ability to repay the loan, which is how banks make money.” Upstart specializes in loans to help you pay off credit card debt, and can send the loan directly to your credit card company to streamline the debt consolidation process.

Loans 52

Loans Lender Collateral Education 52

Better Credit Blog

AUGUST 3, 2021

. “A bad credit score is somewhat of an indicator of your short, medium, and long-term ability to repay the loan, which is how banks make money.” Upstart specializes in loans to help you pay off credit card debt, and can send the loan directly to your credit card company to streamline the debt consolidation process.

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Loans Lender Collateral Education 52