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10% rise in Business Insolvencies predicted by Experts

UK debt collections

Sectors such as retail, manufacturing, construction, and real estate are particularly vulnerable due to weaker demand and higher borrowing costs. Western Europe remained a key contributor to the global rise despite a slower rebound (+15% y/y), with a stable momentum at the Eurozone level (+14%).

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U.S. Debt on Pace to Top $54 Trillion Over Next 10 Years

Collection Industry News

Interest rates have surged to two-decade highs over the past year, making borrowing costs an increasingly significant contributor to the national debt. The change is partly because the office now estimates much stronger demand for the energy manufacturing credits than it initially anticipated.