True Accord

JULY 13, 2023

Debt increases showed up across almost all categories, with larger balances for mortgages , home equity lines of credit, auto loans, student loans , retail cards and other consumer loans. For lenders or collectors engaging with distressed borrowers, here are ways digital can boost your efforts: 1. 9%) to $17.05 Online payment portals.

Financial Institution 66

Financial Institution Student loans Student Loans Loans 66

Better Credit Blog

MAY 10, 2022

Gas Station or Store Credit Card: Some gas station chains and retailers, like Target, offer store credit cards that don’t require an established credit history. With a secured card you’re the borrower and the lender. Your security deposit funds your credit line, taking away the risk to your lender.

Credit Unions 90

Credit Unions Credit Unions Banks Loans 90

Collection Industry News

AUGUST 6, 2023

Over 50% of borrowers added debt on regular credit cards during the student loan payment pause and another 31% racked up balances on retail cards, a recent TransUnion analysis found. The smart consumer also will do everything in their power to start making payments so they’re not accruing interest on something they’re not making payments on.”

Student loans 40

Student loans Student Loans Credit Card Debt Loans 40

Collection Industry News

OCTOBER 17, 2023

The average interest rate for all cardholders jumped to more than 21% in August, the highest on record, according to Federal Reserve data. Some cards — retail store cards, in particular — charge more than 30%, said Ted Rossman, industry analyst for CreditCards.com. Josh Hawley, R-Mo.,

Credit Unions 40

Credit Unions Credit Unions Accrued Interest Credit Card Debt 40