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New Study Reveals Unprecedented Levels of Debt for Americans

The Kaplan Group

We analyzed the evolution of auto loans, mortgages, credit card and student loans since 2003. Student loan debt quadrupled since 2003. On the other hand, in 20 years, student loan debt quadrupled. In second position, there’s a near tie between student and auto loans. in 20 years.

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What Should You Know If You Have Debts In Collections?

Taurus Collect

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. Most creditors generally pass on a few debts to a professional debt collection agency , including mortgages, auto loans, credit card debts, and student loans.

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How Do Debt Collection Companies Operate?

Taurus Collect

While some companies typically deal with specific debts only (like student loan debt or business debt), others deal with a few years old obligations. Consider hiring a reputed and licensed debt collection company that follows the right procedures and techniques to retrieve money from past-due accounts. The Process.

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Is It Time to Hire a Debt Collection Agency?

Credits Inc

Between student loans, unpaid medical bills, and other financial woes, it's no surprise that roughly 70 million Americans were contacted about debts or were pursued by debt collection services between 2016 and 2017. Americans seem to be struggling with debt more than ever. bills, too.

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What Is a 1099-C Form and How Does It Affect Your Credit?

Credit Corp

Some of the items on this list include: Canceled amounts that were gifts or inheritances Certain student loans and student loan discharges Qualifying purchase price reductions If you ultimately need to claim the income, you must incorporate the 1099-C into your federal tax filing and report the canceled debt as “other income”.