Consumer Credit Credit Card Debt Retail 
Collection Industry News
AUGUST 17, 2023
The report shows a slight uptick in total household debt in the second quarter of 2023, increasing by $16 billion (0.1%) to $17.06 The report is based on data from the New York Fed’s nationally representative Consumer Credit Panel. Other balances, which include retail cards and other consumer loans, increased by $15 billion.
Fico Collections
OCTOBER 15, 2020
And that’s because it generally takes a few months for the effects of that event and the accompanying financial strain to start to show up in consumers’ credit reports, in the form of rising balances, credit seeking behavior, and eventually for some, missed payments. As of July 2020, U.S. FICO® Score over the coming months.
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Collection Industry News
AUGUST 25, 2024
The report shows total household debt increased by $109 billion (0.6%) in Q2 2024, to $17.80 The report is based on data from the New York Fed’s nationally representative Consumer Credit Panel. Credit card balances increased by $27 billion to $1.14 Auto loan balances saw a $10 billion increase and stood at $1.63
Collection Industry News
MAY 19, 2024
The report shows total household debt increased by $184 billion (1.1%) in the first quarter of 2024, to $17.69 The report is based on data from the New York Fed’s nationally representative Consumer Credit Panel. Credit card balances decreased by $14 billion to $1.12
Collection Industry News
DECEMBER 21, 2022
News & World Report shows that more than eight in 10 Americans who have credit card debt are experiencing anywhere from a little to a lot of anxiety about it. Nearly 31% have at least $6,000 of credit card debt. have credit card debt of $10,000 or more.
Fico Collections
AUGUST 29, 2022
This suggests that consumers are not only obtaining new credit, but also using more of it, whether due to rising inflation rates , or simply due to having more opportunities to spend on discretionary items such as restaurant, retail, and travel during this period than earlier in pandemic. Ethan has a B.S. See all Posts.
Fico Collections
OCTOBER 15, 2020
And that’s because it generally takes a few months for the effects of that event and the accompanying financial strain to start to show up in consumers’ credit reports, in the form of rising balances, credit seeking behavior, and eventually for some, missed payments. As of July 2020, U.S. FICO® Score over the coming months.
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