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Today, about 61% of American households have creditcarddebt and the average creditcarddebt balance sits at $5,875. So how can lenders and collectors effectively recover debts in 2024 given the rising delinquencies and rising financial stress for consumers?
Today, about 61% of American households have creditcarddebt and the average creditcarddebt balance sits at $5,875. So how can lenders and collectors effectively recover debts in 2024 given the rising delinquencies and rising financial stress for consumers?
Consumer Complaints 3.1 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
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