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Americans Are Carrying Record Household Debt into 2024

Collection Industry News

However, while mortgages and auto loans, for example, are backed by collateral that likely eventually become a pure asset, credit card accounts are simply debt on a ledger. Ridley, who helps clients manage debt, offered some general advice for debt management. Paying it off does not result in having an asset.

article thumbnail

Americans Are Carrying Record Household Debt into 2024

Collection Industry News

However, while mortgages and auto loans, for example, are backed by collateral that likely eventually become a pure asset, credit card accounts are simply debt on a ledger. Ridley, who helps clients manage debt, offered some general advice for debt management. Paying it off does not result in having an asset.