True Accord

JANUARY 21, 2025

The rule will help lower prices on loans and improve customer service across payments, credit and banking markets by fueling competition and consumer choice. And with credit card rates averaging 20%, interest costs could almost triple the average debt for those making minimum payments after factoring in interest expenses.

Student loans 104

Student loans Student Loans Credit Card Debt Financial Institution 104

True Accord

FEBRUARY 23, 2022

Most Americans are in enough credit card debt, they would do anything to go back in time and change the outcome of their financial situation, according to new research. A survey of 2,000 general population Americans examined how they tackle their financial hurdles and found the average person owes $3,083 to credit card debt.

Credit Card Debt 144

Credit Card Debt Loans Personal loans Healthcare 144

Collection Industry News

DECEMBER 1, 2022

Collections agencies buy your unpaid credit card debt from your card issuer when your balance lingers too long — but that doesn’t mean it goes away. When a collections representative from your credit card issuer calls you, it’s usually because you haven’t made at least the minimum payment for at least 30 days.

Collections Agency 40

Collections Agency Collection Agencies Credit Card Debt Collections 40

Taurus Collect

JANUARY 24, 2023

But while it can be exciting to think about that refund cheque hitting your bank account soon, there’s another equally pressing reason why you should pay attention this tax season – debt collection! However, dealing with debt collectors can be intimidating if you don’t know how to handle them properly.

Collections 52

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Credit Corp

DECEMBER 14, 2020

Whether you have medical debt, credit card debt or unpaid student loans , getting calls or letters from debt collection companies can be frustrating. But it’s especially frustrating if your debt is several years old.

Debt collector 98

Debt collector Collections Judgment Collections Agency 98

Troutman Sanders

JULY 11, 2023

The defendants also pitched a credit card debt elimination service, and alleged that they could access funds from the government or from a lawsuit against the credit card industry to pay off consumers’ credit card debt. For more information, click here.

Financial services 40

Financial services Student loans Student Loans Credit Card Debt 40

Burt and Associates

OCTOBER 31, 2024

CFPB Complaints: Presents data on the number and types of debt collection complaints received by the CFPB in 2023. Company Responses: Analyzes the responses of companies to debt collection complaints, including the types of relief provided. Consumer Issues in Debt Collection Complaints 3.2.1

Collections 52

Collections Debt collector Education Fair Debt Collection 52