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Americans Are Carrying Record Household Debt into 2024

Collection Industry News

JANUARY 13, 2024

Household debt in the “Other” category — which includes retail cards and other consumer loans — also saw a substantial increase of 7.7% Ridley, who helps clients manage debt, offered some general advice for debt management. Home equity revolving credit saw the second-largest increase, growing by 8.4% over the same period.

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