Americans Are Carrying Record Household Debt into 2024
Collection Industry News
JUNE 17, 2024
This includes mortgages, home equity revolving debt, auto loans, credit cards, student loans and other consumer lending such as retail cards. Auto loan and mortgage debt increased by 4%, while student loan debt saw a modest rise of 1.6%. A lower interest rate would allow some borrowers to refinance high-interest loans.
Let's personalize your content