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 over the same period.

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. For instance, work on getting rid of your high-interest credit card debt before moving on to your federal student loans. Becoming debt-free is a big goal that will likely take a long time to accomplish.

Credit Card Debt 75

Credit Card Debt Bankruptcy Lender Student Loans 75

Credit Corp

MAY 1, 2024

The most surefire way to get out of debt is to create a detailed budget, prioritize paying off debts with the highest interest rates first while making minimum payments on others, and consistently allocate extra funds toward debt repayment until all balances are cleared. Once you identify your triggers, work to eliminate them.

Credit Card Debt 52

Credit Card Debt Loans Debt Consolidation Student Loans 52

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% Keep your eyes on the prize: a debt-free life.

Credit Card Debt 40

Credit Card Debt Student Loans Student loans Bankruptcy 40