Collection Industry News

JUNE 17, 2024

Our experts used debt statistics from the NYFRB broken down by debt category and down to the state level to get a detailed picture of what kinds of debt Americans are holding and where they are holding it. Household Debt Is at an All-Time High Household debt across all categories grew by 4.8% over the same period.

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Credit Card Debt Student loans Student Loans Loans 40

Titan Consulting

SEPTEMBER 22, 2020

State and Federal Regulations for Debt Settlement. Consumers in need of debt relief have three primary options to reduce their debt: credit counseling, debt settlement, or bankruptcy. Credit counseling requires the repayment of the debt in full. The post Is Debt Settlement Legit?

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Fico Collections

NOVEMBER 30, 2022

The financial institutions who were resilient during the pandemic learned from their experiences in 2008 and were better prepared for inflation. While the financial services industry would welcome the growth, the concern is that the share of debt transitioning into delinquency is also showing an increasing trend.

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Financial Institution Credit Card Debt Collections Banks 52

Credit Corp

JANUARY 7, 2021

Unfortunately, holiday credit card debt lingers far longer than leftover turkey. If you don’t—or can’t—repay holiday debt promptly, it’ll accumulate over time. With the avalanche method, you make minimum payments on all debts and use any leftover money to pay down high-interest debt.

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Debt Consolidation Student loans Student Loans Loans 108