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Americans Are Carrying Record Household Debt into 2024

Collection Industry News

For example, mortgage debt would be positively correlated with the homeownership rate and home prices in respective states, which are again affected by state level income.” The New York Fed researcher we talked to told us that credit card debt also has its own factors associated with it. Keep your eyes on the prize: a debt-free life.

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An In-Depth Guide to Bank Account Garnishment in Texas and How to Avoid It

Debt RR

Common reasons for bank account garnishment in Texas include: Private creditors: These are banks, credit unions, credit card companies, peer-to-peer lenders, hard money loan providers, and other financial institutions. This debt can include anything from credit cards to past due balances on office space.

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Peering Over The Edge Of The Financial Cliff

Fico Collections

At the beginning of the lockdowns a former colleague described the problem facing financial institutions as a ‘portfolio of good quality customers facing a temporary shock to their income, all they need is a bit of immediate assistance’.

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