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Consumers Share Financial Regrets, Details about Credit Card Debt

Account Recovery

Defaulting on payments and ending up in debt collection is the fourth-most popular regret among consumers with respect to their financial situations, according to the results of a poll commissioned by TrueAccord, which it released earlier this week.

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Credit Card Debt, Delinquency Rates Keep Falling

Account Recovery

While the total amount of household debt continues its march upward, the amount of credit card debt had a huge decline during the first quarter of 2021, according to data released yesterday by the Federal Reserve Bank of New York, and coincides with a published media report that discusses how credit card issuers are more … The post Credit Card (..)

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What the States With the Highest Credit Card Debt Burdens Have in Common

Account Recovery

If you had three guesses, do you think you could name any of the five states that have the highest amount of average credit card debt, per person? All five were in the top 10 last year, according to a ranking provided by Creditcards.com. Want a clue?

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Credit Card Debt Is Making a Comeback

Nerd Wallet

Credit card debt took a nosedive in the early days of the pandemic in 2020 as consumers stayed home, lost work and received cash infusions from the government. Credit card debt increased 15% year over year — the largest one-year increase in more than two decades, according to the Federal.

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Average credit card debt statistics in the U.S. for 2023

Credit Corp

The average household credit card debt in America is $9,260, and the states with the largest amount of credit card debt are Alaska, Hawaii, and New Jersey. Between the first and final quarter of 2022 , TransUnion® reported that the average American’s credit card debt rose roughly $400 per person.

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3 Steps to Consolidating Credit Card Debt in the New Year

Nerd Wallet

The article 3 Steps to Consolidating Credit Card Debt in the New Year originally appeared on NerdWallet. Jackie Veling writes for NerdWallet. Email: jveling@nerdwallet.com.

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How Credit Card Debt Collection Works

Taurus Collect

If you have ever had to deal with credit card debt, you know it can be stressful. Debt collectors call at all hours of the day and pressure is put on borrowers to quickly make payments in full. The process begins when the debtor stops making payments on their credit card and goes into default.