Collection Industry News

JUNE 17, 2024

Household Debt Is at an All-Time High Household debt across all categories grew by 4.8% This includes mortgages, home equity revolving debt, auto loans, credit cards, student loans and other consumer lending such as retail cards. The total household debt of $17.3 Keep your eyes on the prize: a debt-free life.

Credit Card Debt 40

Credit Card Debt Student Loans Student loans Loans 40

Credit Corp

MAY 4, 2021

For instance, if you’re a compulsive shopper, delete retail apps and turn off push notifications for sales. “Everyone has a trigger, and it’s important to face it to avoid it and prevent it from destroying your financial gains.”

Credit Card Debt 75

Credit Card Debt Bankruptcy Lender Student loans 75

Collection Industry News

JANUARY 13, 2024

Auto loan and mortgage debt increased by 4%, while student loan debt saw a modest rise of 1.6%. Household debt in the “Other” category — which includes retail cards and other consumer loans — also saw a substantial increase of 7.7% Ridley, who helps clients manage debt, offered some general advice for debt management.

Credit Card Debt 40

Credit Card Debt Student Loans Student loans Bankruptcy 40

Burt and Associates

JANUARY 10, 2025

While revenue growth and customer acquisition are often the focus, effective debt management is equally critical. One tool that stands out in managing debts and ensuring steady cash flow is amortization —a concept that can make seemingly insurmountable debts manageable and predictable.

Retail 52

Retail Acquisition Loans Debt Recovery 52