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Credit card balances spiked in the third quarter to a $1.08 trillion record. Here’s how we got here

Collection Industry News

NOVEMBER 13, 2023

Up until recently, most Americans benefited from a few government-supplied safety nets, most notably the large injection of stimulus money, which left many households sitting on a stockpile of cash that enabled some cardholders to keep their credit card balances in check. “My

Credit Card Debt

Credit Card Debt Student loans Student Loans Consumer Credit

Q1 Industry Insights: Economic Stressors Persist while Pandemic-era Benefits End

True Accord

APRIL 5, 2023

At the beginning of March, the federal government ended pandemic-era payments for low-income families on the Supplemental Nutrition Assistance Program (SNAP), causing nearly 30 million Americans to lose increased food stamp benefits. consumer credit card debt has increased to nearly $1 trillion.

Student loans

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Creditor Collections Today

Credit card balances spiked in the third quarter to a $1.08 trillion record. Here’s how we got here

Q1 Industry Insights: Economic Stressors Persist while Pandemic-era Benefits End

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