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How holiday shopping leads to debt nightmares

Roths Child Law

The holidays are all about thoughtfulness and giving – but too many people feel pressured to give until it really hurts. That’s just the way that the credit card companies and retailers like it The entire holiday shopping season is designed to subtly (or overtly) pressure consumers into buying more.

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Explained: The Adrenaline-Driven Rise to GameStop Stock

Credit Corp

GameStop, a dying video game retailer, has blown past epic proportions to the point of hitting all-time highs in the stock market. Before its euphoric rise, GameStop was on a slow demise to bankruptcy, as it faced significant challenges to its business model from the internet. That’s a ~1700 percent increase!

Trade 134
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AR Deteriorates in Wake of COVID-19

Receivables Control

Retail has been battered. Particularly hard hit are apparel retailers and department stores. Bankruptcies are up sharply in the retail sector. Its what our people do. We know how to talk with people facing challenges. On-line shopping has boomed, negatively impacting the mom and pops.

Retail 98
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US ‘buy now, pay later’ splurges raise holiday debt hangover risk

Collection Industry News

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) Walmart in 2021 scrapped its layaway program, which allowed people to take home merchandise after completing a series of financed payments.

Retail 40
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Americans Are Carrying Record Household Debt into 2024

Collection Industry News

Household debt in the “Other” category — which includes retail cards and other consumer loans — also saw a substantial increase of 7.7% The State of Household Debt While household debt rose across all categories at the national level, the average amount of debt people hold varies significantly depending on where people live.

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6 Tips on How to Budget Your Small Business

Credit Corp

People who don’t keep track of their budgets and cash flows easily make mistakes that cause serious consequences. Only with a strong budget, entrepreneurs can hope for the following: Minimizing bankruptcy risks Avoid problems with suppliers Have an effective entry into new markets. But people must also provide monitoring.

Startups 105
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Debt Collection Now and Post-Covid

Nexa Collect

However, during the recession, even the collection agencies find it hard to recover money as people have no funds to pay off their bills. times than normal , because people wanted to pay off their debts with this extra cash. Additionally, the government-assisted stimulus packages resulted in recovery rates jumping by almost 1.5