Account Recovery

MARCH 11, 2025

Nearly half (47%) of older adults with credit card debt say they rely on plastic to pay for basic living expenses they cannot otherwise afford, according to the results of a survey released yesterday by AARP that sheds fresh light on credit card usage among Americans aged 50 and older a picture that is worrisome.

Credit Card Debt 130

Credit Card Debt Credit Unions Credit Unions Debt Buying 130

Nerd Wallet

NOVEMBER 15, 2022

Credit card debt took a nosedive in the early days of the pandemic in 2020 as consumers stayed home, lost work and received cash infusions from the government. Credit card debt increased 15% year over year — the largest one-year increase in more than two decades, according to the Federal.

Credit Card Debt 114

Credit Card Debt Government 114

Account Recovery

AUGUST 6, 2024

Credit card debt is on the rise, reaching levels not seen since the early days of the pandemic. Half of credit cardholders now carry a balance from month to month, up from 44% in January and the highest rate observed since March 2020, when 60% of cardholders carried debt, according to a new Bankrate survey. […]

Credit Card Debt 130

Credit Card Debt 130

Account Recovery

MARCH 21, 2025

Not necessarily, ruled a District Court judge in Pennsylvania, who granted the operation’s motion for summary judgment after it was sued for allegedly violating the Fair Debt Collection Practices Act. The background: The defendant filed a lawsuit against the plaintiff in 2018 over an alleged credit card debt.

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Collections Credit Card Debt Fair Debt Collection Judgment 130

Account Recovery

NOVEMBER 27, 2024

The latest Spending in Retirement study from the Employee Benefit Research Institute (EBRI) reveals a concerning trend for retirees, with many struggling to make ends meet due to rising credit card debt, insufficient savings, and inflationary pressures.

Credit Card Debt 130

Credit Card Debt Collection Agencies Collections Agency Collections 130

Account Recovery

MAY 13, 2021

Getting to Know Ashley Campanella of Arbeit; Credit Card Debt, Delinquency Rates Keep Falling appeared first on AccountsRecovery.net. That, coupled with her outlook and approach to her work and her ability to be relaxed outside … The post Daily Digest – May 13.

Credit Card Debt 147

Credit Card Debt 147

Nerd Wallet

JANUARY 17, 2023

The article 3 Steps to Consolidating Credit Card Debt in the New Year originally appeared on NerdWallet. Jackie Veling writes for NerdWallet. Email: jveling@nerdwallet.com.

Credit Card Debt 121

Credit Card Debt Personal loans Loans 121

Credit Corp

OCTOBER 6, 2023

The average household credit card debt in America is $9,654, and the states with the largest amount of credit card debt are Alaska, Hawaii, and New Jersey. Between the first quarters of 2022 and 2023, The Federal Reserve Bank of New York reported that the credit card debt in America rose by $145 billion.

Credit Card Debt 98

Credit Card Debt Debt Consolidation Credit Unions Credit Unions 98

Nexa Collect

JULY 31, 2020

Recovering Credit Card Debt Nationwide. Because each customer’s delinquency is different, not every tactic will work with every customer. However, a consistent application of the principles discussed here across all accounts can make a sizable difference. Need a Collection Agency? Contact Us. Segment Your Delinquent Accounts.

Credit Card Debt 130

Credit Card Debt Collections Debt Recovery Collection Agencies 130

Nerd Wallet

AUGUST 10, 2020

Congratulations, you finally paid off your credit card debt! The article I Paid Off My Credit Card Debt … Now What? Perhaps you canceled unused subscriptions and negotiated some other monthly bills, or simply resisted the splurge on that impulse buy. Erin Hurd is a writer at NerdWallet.

Credit Card Debt 102

Credit Card Debt 102

Credit Corp

FEBRUARY 21, 2023

The average household credit card debt in America is $9,260, and the states with the largest amount of credit card debt are Alaska, Hawaii, and New Jersey. Between the first and final quarter of 2022 , TransUnion® reported that the average American’s credit card debt rose roughly $400 per person.

Credit Card Debt 98

Credit Card Debt Debt Consolidation Credit Unions Credit Unions 98

Account Recovery

FEBRUARY 7, 2025

Jung of the District Court for the Middle District of Florida, found that the defendants misrepresented the legitimacy of the garnishment order, ultimately coercing the plaintiffs employer into paying the debt.

Garnishment 130

Garnishment Credit Card Debt Fair Debt Collection Law Firms 130

Credit Corp

MAY 17, 2021

But those who are struggling with debt might wonder: Can my stimulus check be garnished for credit card debt or other money owed. The short answer is yes, but it depends on the type of debt you’re dealing with. Credit Card Debt: Yes. Find out more in the short guide below.

Credit Card Debt 105

Credit Card Debt Garnishment Student Loans Student loans 105

Account Recovery

JANUARY 29, 2025

The Court of Appeals for the Seventh Circuit has overturned a lower court’s ruling in favor of the defendant in a Fair Debt Collection Practices Act case, ruling that the defendants lack of knowledge about a prior dispute did not absolve it of its obligations under the FDCPA.

Credit Unions 130

Credit Unions Credit Unions Credit Card Debt Fair Debt Collection 130

Account Recovery

OCTOBER 1, 2021

The amount of outstanding credit card debt declined by more than $100 billion between 2019 and 2020, largely due to consumers paying down their debts, according to a report issued this week by the Consumer Financial Protection Bureau, which also detailed the pre- and post-chargeoff collection efforts and touted the rising usage of digital engagement (..)

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Credit Card Debt Collections 244

Nerd Wallet

JUNE 17, 2022

Credit card debt can be difficult to manage even in the best of times, but increasingly high interest rates are adding to that challenge. The article Rising Interest Rates Mean It’s Time to Knock Out Credit Card Debt originally appeared on NerdWallet. Increases to this rate tend to make borrowing more.

Credit Card Debt 94

Credit Card Debt Personal loans Loans 94

Nerd Wallet

APRIL 15, 2022

Upon paying off between $12,000 and $15,000 in credit card debt in 2019, Yamiesha Bell, a special education teacher in New York, didn’t break up with her credit cards. With goals to buy a car and a house, Bell hoped to preserve her credit history by keeping her cards open and active. “I I needed to.

Credit Card Debt 85

Credit Card Debt Education 85

Account Recovery

FEBRUARY 18, 2025

A District Court judge in Maryland has granted a motion to dismiss claims that a creditor and a collection law firm violated the Fair Debt Collection Practices Act and state consumer protection laws, ruling that the plaintiffs allegations failed to plausibly demonstrate any unlawful conduct.

Credit Card Debt 130

Credit Card Debt Fair Debt Collection Law Firms Creditors 130

Account Recovery

NOVEMBER 19, 2024

A collection operation is facing a Fair Debt Collection Practices Act class action lawsuit for not adjusting the post-judgment interest rate after the state of Kentucky changed the maximum rate that could be charged seven years ago, according to a copy of the complaint.

Judgment 130

Judgment Credit Card Debt Fair Debt Collection Collections 130

Credit Corp

NOVEMBER 3, 2020

So I sat down and planned my new budget so I could build my strategy for paying off my credit card debt. All that extra cash went toward my credit card debt. I’m glad I did because that gave me over $230/month I could now throw at my credit card debt. I knew there had to be a better way.

Credit Card Debt 98

Credit Card Debt Creditworthiness Banks Loans 98

Sawin & Shea

FEBRUARY 2, 2022

Credit card debt can be debilitating. When your bills are more than you can handle and you are struggling to get by, debt relief options can help. However, it’s important to understand that there are various forms of debt relief, and they are not all right for everyone. Debt Management Programs.

Credit Card Debt 72

Credit Card Debt Chapter 13 bankruptcy Bankruptcy Creditors 72

Account Recovery

JUNE 30, 2021

The Consumer Financial Protection Bureau and the Attorney General of Georgia yesterday announced a consent order with a debt relief and credit repair company and its owners that were accused of deceiving consumers into hiring the company to lower or eliminate credit card debt and improve the consumers’ credit scores.

Credit Card Debt 246

Credit Card Debt 246

Account Recovery

SEPTEMBER 12, 2022

Nearly three-quarters of Millennials are carrying non-mortgage debt, with the average member of that generation owing $117,000, according to the results of a recently released survey. One-third of Millennials … The post Data Offers Insights Into Collecting From Millennials appeared first on AccountsRecovery.net.

Student loans 246

Student loans Student Loans Credit Card Debt Collections 246

Account Recovery

DECEMBER 13, 2021

A District Court judge in Oregon has granted a defendant’s motion for summary judgment after it was sued for violating the Fair Debt Collection Practices Act because the plaintiff claimed never to have received a demand letter to recover an unpaid credit card debt and because the defendant is allowed to rely on information supplied … The (..)

Credit Card Debt 246

Credit Card Debt Fair Debt Collection Judgment Collections 246

Account Recovery

JANUARY 27, 2021

If you had $5,000 in credit card debt, and a random amount of savings between $1,000 and $10,000, how much of that savings would you use to pay down that debt?

Credit Card Debt 246

Credit Card Debt 246

Account Recovery

SEPTEMBER 14, 2021

After defaulting on a credit card debt, having a judgment issued against you, and then receiving four more collection letters seeking to collect on a debt, is there anyone who thinks that the next letter is going to induce an individual to repay the debt?

Credit Card Debt 245

Credit Card Debt Judgment Collections 245

Account Recovery

FEBRUARY 7, 2025

Collection Operation Accused of Making More than 200 Calls After Receiving Cease Request Judge Grants MSJ for Plaintiff in FDCPA Case Over Garnishment Order Court Grants 90-Day Delay of CFPBs Medical Debt Credit Reporting Rule Middle-Income Americans Struggling to Keep Up with Cost of Living, Despite Modest Improvement in Purchasing Power ImpactAI (..)

Credit Card Debt 130

Credit Card Debt Garnishment Collections 130

Account Recovery

JANUARY 27, 2025

Gordon of the District Court for the District of Nevada ruled that the defendant, a debt collection law firm, lacked the necessary minimum contacts with Nevada to establish personal jurisdiction. The background: The case stemmed from a consumer credit card debt judgment originally obtained in Tennessee by a creditor.

Garnishment 130

Garnishment Credit Card Debt Judgment Law Firms 130

Nerd Wallet

APRIL 19, 2022

The article Credit Card Debt Has Dropped, But Inflation May Change That originally appeared on NerdWallet. The pandemic economy unexpectedly changed many households’ finances for the better — personal. Elizabeth Renter writes for NerdWallet. Email: elizabeth@nerdwallet.com. Twitter: @elizabethrenter.

Credit Card Debt 85

Credit Card Debt 85

Nerd Wallet

MARCH 31, 2022

And if you happen to have credit card debt, that’s about to get a bit more expensive too, thanks to a series of interest rate increases beginning this month. The article Forget the Fed, Pay Off Your Credit Card Debt originally appeared on NerdWallet. The cost of everything keeps creeping up.

Credit Card Debt 77

Credit Card Debt 77

Account Recovery

JANUARY 26, 2024

A pair of bills were introduced in the Maine legislature yesterday that both tackle the topic of medical debt. One would limit how medical debt credit cards are promoted and used and the other would give consumers the chance to buy their medical debts from a provider before they are sold to someone else.

Credit Card Debt 130

Credit Card Debt Debt Buying 130

Account Recovery

DECEMBER 1, 2022

The Federal Trade Commission has filed a lawsuit and obtained a temporary restraining order shutting down a network of eight companies engaged in a credit card debt relief scheme and the three individuals that own and operate them.

Credit Card Debt 246

Credit Card Debt Trade 246

Enterprise Recovery

JULY 31, 2024

Consumer and business debt are two distinct types of debt that are handled quite differently. Consumer debt is the debt individuals incur for personal expenses, such as credit card debt, student loans, or mortgages.

Student loans 214

Student loans Student Loans Credit Card Debt Debt Management 214

Account Recovery

SEPTEMBER 14, 2021

JUDGE GRANTS MSJ FOR DEFENDANT IN FDCPA CASE OVER MISSTATED DEBT AMOUNT IN LETTER After defaulting on a credit card debt, having a judgment issued against you, and then receiving four more collection letters seeking to collect on a debt, is there anyone who thinks that the next letter is going to induce an individual … The post Daily Digest – (..)

Credit Card Debt 235

Credit Card Debt Collections Judgment 235

Account Recovery

JANUARY 7, 2025

In today’s world of trying to make the process of repaying debts more consumer friendly, one collector is now facing a class action claims that it violated the Fair Debt Collection Practices Act because the titles it gave to the repayment options in a communication with a consumer allegedly did not align with the status of the debt.

Credit Card Debt 130

Credit Card Debt Fair Debt Collection Collections 130

Account Recovery

SEPTEMBER 27, 2024

The background: The case originated when the plaintiff defaulted on a credit card debt. The debt was subsequently assigned to various entities, ultimately landing with the defendant debt buyer. In 2017, the defendant obtained a default judgment against the plaintiff.

Credit Card Debt 246

Credit Card Debt Judgment Collections 246

Account Recovery

NOVEMBER 30, 2020

The Court of Appeals for the First Circuit has upheld a lower court’s ruling that the purchaser of a defaulted credit card debt is entitled to the same arbitration opportunity as the original creditor, even though the individual who owed the debt prevailed in a civil suit filed by the purchaser because it could not … The post Appeals Court (..)

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Debt Buying Credit Card Debt Original Creditor Creditors 217