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A new study by The Kaplan Group shows that the debt burden has reached an all-time high for American households. We analyzed the evolution of auto loans, mortgages, creditcard and studentloans since 2003. Key Takeaways The total amount of debt grew by 81.5% Studentloandebt quadrupled since 2003.
Having debts in the collection primarily means that a third party is pursuing you to retrieve payments for your debts on behalf of your creditors. Debt collection is a process that gives debtors certain rights that debt collection agencies must respect.
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