Banks Healthcare Personal loans 
Collection Industry News
JUNE 21, 2024
Bad debt in the personal loans sector is increasing, with defaults highest in the education segment and lowest in housing, according to an RBI report. Non-performing assets or NPA in education personal loans are at 3.6 percent in auto loans, and 1.1 percent, compared to 1.8 percent in credit cards, 1.3
True Accord
FEBRUARY 23, 2022
When they’re in a financial crisis, 63% of people will turn to someone they trust — with half turning to their parents, 48% to their best friend and 46% to their primary bank. At the end of the day, though, getting into collections is often the result of trauma — loss of work, a healthcare crisis, and so on — many of them unexpected.”.
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Credit Corp
JULY 25, 2023
You can use credit cards to pay off different loan types, providing flexibility and potential benefits. Here are some common types of loans you can typically pay with a credit card: Personal loans: These unsecured loans can often be paid with a credit card, allowing you to consolidate debt or manage your monthly payments conveniently.
True Accord
JULY 13, 2023
With tumult in the banking industry in Q2 and inflation and economic stressors persisting, the financial outlook for American consumers remains uncertain. The ending of various pandemic-era benefits including the pause on student loan payments will impact consumers in the coming months. Indicators show that delinquency is here to stay.
Debt Free Colorado
JANUARY 27, 2022
One factor is the high cost of healthcare, which makes it more difficult for many Americans to pay their bills. Another aspect is the increased accessibility of credit loans, which makes it simpler for Americans to end up spending more than they can afford. investments include cash, bank accounts, stocks, bonds, and other assets.
Debt Free Colorado
NOVEMBER 28, 2024
Certain debts—such as credit card debt, medical bills, and personal loans—can be discharged. The most common dischargeable debts include: Credit Card Debt: Unsecured credit card balances, including personal and store cards, can be discharged. This provides relief from significant healthcare costs.
Collection Industry News
MARCH 30, 2025
These levels refer to the total amount of money owed by individuals to creditors and encompass various forms of credit, including credit card debt, personal loans, mortgages, and auto loans which can significantly impact financial stability and economic conditions. increase compared to the fourth quarter of 2023.
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