Collection Industry News
JANUARY 13, 2024
household debt grew by $800 million from 2022 to 2023, including a 16.6% growth in credit card debt. While the new year marks a time for new beginnings and a fresh start, millions of Americans entered 2024 with more debt and less to put in their checking and savings accounts. At the start of the year, U.S.
Roths Child Law
NOVEMBER 29, 2023
About half (52%) of the consumers in this nation racked up some credit card debt during the 2022 holiday season, and 31% still haven’t paid those bills off. About 74% of shoppers expect to break out their credit cards this year, too. It can be incredibly difficult to get out of a debt trap once you get in one.
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Troutman Sanders
DECEMBER 5, 2022
On November 30, the Federal Trade Commission (FTC) announced that it has temporarily shut down a credit card debt relief program and its affiliated companies that allegedly took millions from consumers by falsely promising to eliminate or substantially reduce their credit card debt.
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. Calculate Your Credit Card Payoff. Apply for a 0% Balance Transfer Card.
Collection Industry News
DECEMBER 13, 2023
Shoppers can purchase anything from a $3,253 Jil Sander leather tote bag marked 30% off from luxury retailer Farfetch (FTCH.N), to groceries from Walmart (WMT.N) and Burger King gift cards valued at up to $500 — getting the merchandise before it’s fully paid for.
Better Credit Blog
OCTOBER 16, 2020
The agency collects on various types of debts, such as: Consumer finance debt. Credit card debt. Retail debt. 3 Ways to Remove Asset Acceptance LLC from Your Credit Report. They’re also pros at going head-to-head with debt collectors. It is also connected to Encore Capital Group.
True Accord
OCTOBER 10, 2023
Key Indicators and Consumer Spending According to the New York Fed’s Quarterly Report on Household Debt and Credit , total household debt increased in the second quarter of 2023 by $16 billion (0.1%) to $17.06 Credit card balances increased by $45 billion from Q1 2023 to a series high of $1.03 trillion in Q2, a 4.6%
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