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Americans Are Carrying Record Household Debt into 2024

Collection Industry News

JANUARY 13, 2024

Auto loan and mortgage debt increased by 4%, while student loan debt saw a modest rise of 1.6%. 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.

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