True Accord

JANUARY 21, 2025

Moreover, many consumers, and especially those having trouble paying their monthly bills, report maxing out their cards regularly and using installment plans to cover basic necessities. What Does This Mean for Debt Collection? in December and the highest since May last year.

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Student loans Student Loans Credit Card Debt Financial Institution 104

True Accord

FEBRUARY 23, 2022

Most Americans are in enough credit card debt, they would do anything to go back in time and change the outcome of their financial situation, according to new research. A survey of 2,000 general population Americans examined how they tackle their financial hurdles and found the average person owes $3,083 to credit card debt.

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Credit Card Debt Loans Personal loans Healthcare 144

Collection Industry News

DECEMBER 1, 2022

Collections agencies buy your unpaid credit card debt from your card issuer when your balance lingers too long — but that doesn’t mean it goes away. When a collections representative from your credit card issuer calls you, it’s usually because you haven’t made at least the minimum payment for at least 30 days.

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Collections Agency Collection Agencies Credit Card Debt Collections 40

Taurus Collect

JANUARY 24, 2023

But while it can be exciting to think about that refund cheque hitting your bank account soon, there’s another equally pressing reason why you should pay attention this tax season – debt collection! However, dealing with debt collectors can be intimidating if you don’t know how to handle them properly.

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National Service Bureau

APRIL 2, 2015

In 2014 there were 38,751 complaints filed in the United States regarding the behavior of 1,736 different debt collection companies. Complaints by industry were highest with credit card debt collection. The national average in 2014 was 11.7

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Collections Collections Agency Collection Agencies Credit Card Debt 40

Credit Corp

DECEMBER 14, 2020

Whether you have medical debt, credit card debt or unpaid student loans , getting calls or letters from debt collection companies can be frustrating. But it’s especially frustrating if your debt is several years old.

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Debt collector Collections Judgment Collections Agency 98

Better Credit Blog

JANUARY 27, 2021

If you’re getting calls from a company called Debt Recovery Solutions, you probably have one or more unpaid bills to take care of. They are a third-party collector that is hired by companies to get customers to pay their overdue bills. And this can range from credit card debt to hospital bills to utility fees.

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Debt Recovery Debt collector Credit Card Debt Collections 52