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12 Top Budget Categories You Need In Your Plan

Credit Corp

But they fail to teach you more practical information that you actually need in your daily life–like which budget categories you need to plan out your money. Making a financial plan can be intimidating, especially if you don’t know all of the essential budget categories you should include. Top 12 Budget Categories.

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Americans Are Carrying Record Household Debt into 2024

Collection Industry News

Our experts used debt statistics from the NYFRB broken down by debt category and down to the state level to get a detailed picture of what kinds of debt Americans are holding and where they are holding it. The largest increase in any category was credit card debt, which swelled by 16.6% At the start of the year, U.S.

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FinCEN Deputizes Financial Institutions in Hunt for Environmental Crimes

Burr Forman

The Notice cites statistics ranking environmental crimes as the third largest illicit activity world-wide, behind only trafficking in drugs and counterfeit goods, and the leading source of illicit income in conflict zones. Earlier in the week, FinCEN convened a virtual exchange on the issue. FinCEN Notice FIN-2021-NTC4 (Nov.

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FICO Named Category Leader for Cyber Risk Quantification

Fico Collections

For the second year running, FICO has been named as category leader in the recently published Chartis ‘Cyber Risk Quantification Solutions 2020: Market Update and Vendor Landscape’ report. The FICO® Cyber Risk Score also enables better underwriting decisions through the ability to quantify cyber risk as statistical fact rather than opinion.

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The Best Budgeting Methods: A Complete Guide

Credit Corp

It also speaks to some concerning statistics regarding overall financial awareness, even among those with well-paying jobs or income sources. Here Are a Few Shocking Financial Statistics: Nearly 80% of individuals facing financial problems earned at least $40,000 per year or otherwise were not living below the poverty line.

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Debt Collection Now and Post-Covid

Nexa Collect

Source: US Bureau of Labor Statistics. The reports of the US Bureau of Labor Statistics provide a discouraging image of the levels of employment in 2020. Breaking down your portfolio of delinquent debts into categories based on the information here may help optimize your collection efforts and accelerate cash inflow.

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CFPB's Monthly Complaint Report Takes a New Approach

Consumer Financial Services Law

The report traditionally provides a summary of the volume of complaints by product category, by company and by state. This month, however, the Report has taken a new view- one based upon a state by state analysis and new national statistics. The report is a high level snapshot of trends in consumer complaints.