True Accord

MARCH 5, 2024

Bottom line: households took on more debt at the end of last year and we’re seeing loans increasingly going bad, according to data from the Federal Reserve Bank of New York , leading to a shift in consumer spending for 2024. million borrowers missed their student loan payment, equating to 40% of loan holders.

Consumer Credit 92

Consumer Credit Student loans Student Loans Collections 92

True Accord

APRIL 5, 2023

Consumers trying to make ends meet have continued turning to credit cards and other credit types to bridge the income to expense gap. consumer credit card debt has increased to nearly $1 trillion. Credit card balances jumped more than $60 billion over Q4 2022, lifting the total amount of U.S.

Student loans 102

Student loans Student Loans Credit Card Debt Loans 102

Credit Corp

JANUARY 7, 2021

You could also: Put together a realistic debt-repayment plan Increase your income with a better-paying job, or ask your boss for a raise Ask your lenders for a lower interest rate Consider consumer credit counseling Concentrate on one debt at a time to avoid feeling overwhelmed. >> Download our free budget template to get started.

Debt Consolidation 108

Debt Consolidation Student Loans Student loans Loans 108

Collection Industry News

MARCH 19, 2024

Bottom line: households took on more debt at the end of last year and we’re seeing loans increasingly going bad, according to data from the Federal Reserve Bank of New York, leading to a shift in consumer spending for 2024. million borrowers missed their student loan payment, equating to 40% of loan holders.

Consumer Credit 40

Consumer Credit Student loans Student Loans Collections 40

Fico Collections

APRIL 28, 2022

BNPL loans are cited as a potential driver of greater financial inclusion, both in terms of consumer access to the BNPL loan themselves, as well as access to credit products that could enable unbanked and underbanked consumers to establish (or re-establish) their credit histories with one or more of the Consumer Reporting Agencies (CRAs). .

Loans 98

Loans Consumer Credit Credit Bureau Student Loans 98

True Accord

MARCH 31, 2022

Add these all together and the financial outlook for consumers, especially those in debt, is scary. For one, the consumer credit market is looking strong with signs of expansion, specifically, originations for credit cards and personal loans are increasing. But there are silver linings, as well.

Lender 59

Lender Personal loans Foreclosure Loans 59

Fico Collections

FEBRUARY 2, 2021

We found that FICO® Resilience Index continues to be a strong predictor of the presence of loan accommodations in place as of October 2020 – representing a mix of “long haul” accommodations by mortgage lenders and newer short-term accommodations allowed on bankcard, auto finance and personal loan accounts.

Loans 52

Loans Student Loans Student loans Lender 52