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

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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.

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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.

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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

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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.

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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.

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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

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

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.

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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

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.

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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

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

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 213

Student loans Student Loans Credit Card Debt Debt Management 213

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 – (..)

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Credit Card Debt Collections Judgment 235

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

Credit Corp

MAY 30, 2023

Credit card debt is reaching record highs. Many people struggle with cost of living increases paired with financial instability and other debts, leaving them to make ends meet by using credit cards. Keep reading for tips for paying off credit card debt.

Credit Card Debt 75

Credit Card Debt Debt Consolidation Debt Management Loans 75

Account Recovery

AUGUST 27, 2024

Notably, consumers who experienced a recent job loss or those within the $35,000 to $75,000 income bracket were more likely to turn to credit cards as a financial coping mechanism. The impact: The reliance on credit is not without consequence.

Credit Card Debt 246

Credit Card Debt Loans Banks 246

Account Recovery

NOVEMBER 25, 2024

By the numbers: The big picture: While income growth and optimism among younger generations provide reasons for hope, the reality of rising debt presents a significant challenge for collections professionals. Zoom out: Gen Z is taking a different approach to financial stability compared to older generations. Learn more.

Student loans 147

Student loans Student Loans Credit Card Debt Loans 147

Credit Corp

MAY 1, 2024

Credit card debt forgiveness, also known as debt settlement, involves negotiating with creditors to reduce the amount owed on your credit card balances. trillion in credit card debt. What Is Debt Forgiveness? What Is Debt Forgiveness?

Credit Card Debt 59

Credit Card Debt Chapter 7 bankruptcy Bankruptcy Creditors 59

Account Recovery

JUNE 22, 2021

JUDGE GRANTS MOTIONS TO COMPEL, DISMISS IN FDCPA, TCPA CLASS ACTION A District Court judge in California has granted a defendant’s motion to dismiss with prejudice and motion compel arbitration in a class-action case alleging violations of the Fair Debt Collection Practices Act and Telephone Consumer Protection Act over an unpaid credit card debt.

Credit Card Debt 189

Credit Card Debt Fair Debt Collection Collections 189

Account Recovery

FEBRUARY 26, 2024

Judge Denies Attorney’s Fees for Defense in FDCPA Case Belief in Excessive Collection Tactics Leads CFPB to Put Small-Dollar Lender Under Federal Supervision Consumers With More Credit Card Debt than Emergency Savings Hits All-Time High: Bankrate Compliance Digest – February 26 WORTH NOTING: A security company is in hot water for showing customers (..)

Lender 147

Lender Credit Card Debt Collections 147

Account Recovery

FEBRUARY 21, 2024

A New Jersey Appeals Court has affirmed the dismissal of a Fair Debt Collection Practices Act case that was dismissed by an arbitrator, with the plaintiff arguing the arbitrator refused to consider evidence and that the underlying agreement was unenforceable.

Credit Card Debt 147

Credit Card Debt Fair Debt Collection Collections 147

Account Recovery

JANUARY 26, 2024

Collector Facing FDCPA Class Action for Not Honoring Terms of Settlement Judge Reduces Plaintiff’s Attorney Fee Award by 60% in FDCPA Case Medical Debt Bills in Maine Target Credit Cards, Debt Buying Less than Half of Consumers can Afford $1,000 Emergency Expense: Survey WORTH NOTING: A good news story for Friday — the smallest infant […] (..)

Credit Card Debt 147

Credit Card Debt Debt Buying 147

Credit Corp

OCTOBER 25, 2023

Debt consolidation allows you to take multiple debts and combine them into one, and you can do this with your credit card debt. Doing this makes managing the debt a little easier, and you may be able to get a lower interest rate. Table of Contents: What Is Credit Card Consolidation?

Credit Card Debt 52

Credit Card Debt Debt Consolidation Credit Unions Credit Unions 52

Debt Free Colorado

APRIL 30, 2024

Finding Solutions to Discharge Your Credit Card Debt Many find themselves struggling if they should file for bankruptcy because of their credit cards. Fortunately, bankruptcy can offer a path toward financial relief from credit card debt. Is My Credit Card Debt Dischargeable in Bankruptcy?

Credit Card Debt 52

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Account Recovery

JUNE 22, 2021

A District Court judge in California has granted a defendant’s motion to dismiss with prejudice and motion compel arbitration in a class-action case alleging violations of the Fair Debt Collection Practices Act and Telephone Consumer Protection Act over an unpaid credit card debt.

Credit Card Debt 162

Credit Card Debt Fair Debt Collection Collections 162

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

AUGUST 6, 2024

Collector Facing FDCPA, TCPA Suit For Not Stopping Calls After Refusal to Pay Judge Grants MSJ For Defendant in FDCPA Case Over Business Debt More Comments About Medical Debt Credit Reporting Proposal Submitted More Consumers Carrying Credit Card Debt, Fewer Consumers Have Plan to Pay it Off: Bankrate WORTH NOTING: Here are 10 reasons why […] (..)

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Credit Card Debt 130