Credit Card Debt, Delinquency Rates Keep Falling
Account Recovery
MAY 13, 2021
Economy Credit Card Delinquency Rates
Credit Card Debt Related Topics 
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Consumers Share Financial Regrets, Details about Credit Card Debt
Account Recovery
FEBRUARY 25, 2022
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. Economy Consumer Debt TrueAccord
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Credit Card Debt Is Making a Comeback
Nerd Wallet
NOVEMBER 15, 2022
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. The article Credit Card Debt Is Making a Comeback originally appeared on NerdWallet.
What the States With the Highest Credit Card Debt Burdens Have in Common
Account Recovery
DECEMBER 11, 2020
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?
Tips For Credit Card Debt Relief
Sawin & Shea
FEBRUARY 2, 2022
Credit card debt can be debilitating. When your bills are more than you can handle and you are struggling to get by, debt relief options can help. However, it’s important to understand that there are various forms of debt relief, and they are not all right for everyone.
Average credit card debt statistics in the U.S. for 2023
Credit Corp
FEBRUARY 21, 2023
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. This data will cover the average debt by state, average interest rates and more. Credit Cards
Credit Card Debt and Bankruptcy
Sawin & Shea
SEPTEMBER 29, 2021
Bankruptcy is often a wise choice for those overwhelmed by credit card debt and looking to get back on track and rebuild their finances. They have years of experience helping those struggling with debt navigate the complicated legal process and get back on their feet.
Credit Card Debt and Bankruptcy
Sawin & Shea
SEPTEMBER 29, 2021
Bankruptcy is often a wise choice for those overwhelmed by credit card debt and looking to get back on track and rebuild their finances. They have years of experience helping those struggling with debt navigate the complicated legal process and get back on their feet.
Our expert tips to beat credit card debt
Kasasa
DECEMBER 29, 2021
Credit card debt has become one of the great financial hurdles for Americans. It's such a problem that since 2016, March 21, the day after spring begins, has been known as Credit Card Reduction Day.
Can My Stimulus Check Be Garnished for Credit Card Debt?
Credit Corp
MAY 17, 2021
But those who are struggling with debt might wonder: Can my stimulus check be garnished for credit card debt or other money owed. The short answer is yes, but it depends on the type of debt you’re dealing with. Federal or State Tax Debt: No.
Collection Tactics to Recover Unpaid Credit Card Debt
Nexa Collect
JULY 31, 2020
Credit card delinquency rates have been climbing since 2016. The number of delinquent accounts will rise sharply, forcing companies into a defensive debt recovery position. Recovering Credit Card Debt Nationwide. Debt Recovery
8 Tactics to Break the Credit Card Debt Cycle
Nerd Wallet
APRIL 15, 2022
Upon paying off between $12,000 and $15,000 in credit card debt in 2019, Yamiesha Bell, a special education teacher in New York, didn’t break up with her credit cards. The article 8 Tactics to Break the Credit Card Debt Cycle originally appeared on NerdWallet.
Credit Card Debt Has Dropped, But Inflation May Change That
Nerd Wallet
APRIL 19, 2022
Over the past few years, credit card balances were paid down and delinquent accounts became less common. The article Credit Card Debt Has Dropped, But Inflation May Change That originally appeared on NerdWallet.
Daily Digest – May 13. Getting to Know Ashley Campanella of Arbeit; Credit Card Debt, Delinquency Rates Keep Falling
Account Recovery
MAY 13, 2021
Getting to Know Ashley Campanella of Arbeit; Credit Card Debt, Delinquency Rates Keep Falling appeared first on AccountsRecovery.net.
Forget the Fed, Pay Off Your Credit Card Debt
Nerd Wallet
MARCH 31, 2022
And if you happen to have credit card debt, that’s about to get a bit more expensive too, thanks to a series of interest rate increases beginning this month. The article Forget the Fed, Pay Off Your Credit Card Debt originally appeared on NerdWallet.
Rising Interest Rates Mean It’s Time to Knock Out Credit Card Debt
Nerd Wallet
JUNE 17, 2022
Credit card debt can be difficult to manage even in the best of times, but increasingly high interest rates are adding to that challenge. The article Rising Interest Rates Mean It’s Time to Knock Out Credit Card Debt originally appeared on NerdWallet.
Is It Okay To Pay Just The Minimum On Credit Card Debt?
Debt Guru
AUGUST 21, 2020
Whether your financial goals are as simple as building a small emergency fund or as complex as savings and investments for retirement, few things can derail your plan faster than debt. But not all debt is created equal, and a good debt repayment plan will keep these differences in mind.
I Paid Off My Credit Card Debt … Now What?
Nerd Wallet
AUGUST 10, 2020
Congratulations, you finally paid off your credit card debt! The article I Paid Off My Credit Card Debt … Now What? Credit Card Basics Credit CardsYou did your research and made a plan you could live with.
How This Single Mom of Two Paid Off $43,000 in Credit Card Debt in 16 Months
Credit Corp
NOVEMBER 3, 2020
One failed marriage down—and a bunch of debt from it—my emergency fund was depleted. To supplement my income, I used my credit cards even more to help cover my bills and pay for my moving expenses. This caused my credit score to plummet. TD Cash Credit Card.
Can I Settle My Credit Card Debt Myself?
Titan Consulting
SEPTEMBER 15, 2020
Financial hardship could make it possible to negotiate debt balances and pay less than the full amount owed. Bankruptcy can wipe out unsecured bills, leaving creditors with no way to recover the debt. When Should You Consider a Debt Settlement Program ? Key Takeaways.
CFPB Report Finds Declines in Credit Card Debt, New Applications and Increases in Digital Engagement in 2020
Consumer Finance
SEPTEMBER 28, 2021
The Consumer Financial Protection Bureau released its fifth biennial report to Congress today on the consumer credit card market, finding that the market’s growth over the last few years reversed course in 2020. Press release Credit cards Debt collection Credit CARD Act
Oct 26, Can They Place a Lien On My House for Credit Card Debt?
Debt Collection Answers
OCTOBER 26, 2020
When can a credit card company place a lien on your house for credit card debts or other bills? Learn about your rights here
CFPB Credit Card Report Breaks Down Debt Collection Market
Account Recovery
OCTOBER 1, 2021
Economy CFPB Credit Card Debt
She Crushed $20K+ in Credit Card Debt at Age 24
Nerd Wallet
JUNE 4, 2021
With over $195,000 in student loan debt, Annika Hudak saw little harm in swiping her credit cards. “I I was in the mindset that I’m going to be in debt forever, so what’s a couple of thousand dollars here,” says Hudak, 25, a product analyst in Oregon.
5 Ways to Control Your Holiday Credit Card Debt
Luftman, Heck & Associates.
DECEMBER 9, 2020
In fact, many Americans fully intend to rack up a large credit card debt during the season, admitting that they’ll need three months or more Read More. The post 5 Ways to Control Your Holiday Credit Card Debt appeared first on Cleveland Ohio Bankruptcy Attorneys.
How Long Can You Collect on Credit Card Debt?
Payment Savvy
NOVEMBER 5, 2020
Each state gives creditors and collection agencies varying times to file suit on unpaid and delinquent credit card debt. Dependent on the state, debt collectors are allotted a finite timeframe to file suit against consumers with past due credit card balances.
Credit card debt has plunged
Collection Industry News
MAY 24, 2021
Credit card debt has plunged — but what if you’re still up to your neck? Credit card debt has fallen during the pandemic, with figures from credit bureau Experian showing the average debt dropped from $6,194 in 2019 to $5,313 in 2020. But debt is still a black cloud looming over many households in the U.S, If you’re facing a mountain of debt as the pandemic continues, there are ways you can ease the burden. Source: site.
Credit card debt reaches a record high among U.S. consumers
Collection Industry News
JANUARY 12, 2023
Credit card balances reached a record-setting $866 billion in the third quarter of last year, which represents a year-over-year increase of 19%. Personal loans and credit card debt reached record levels in 2022 due to financial pressures brought on by high inflation and climbing interest rates, according to third-quarter data from a consumer credit reporting agency. The post Credit card debt reaches a record high among U.S.
Why Making Minimum Payments to Pay Off Credit Card Debt Ensures You Will Die Broke
Titan Consulting
SEPTEMBER 8, 2020
Making just the minimum payment required each month on credit card debt will maximize the amount of interest you pay to creditors. Another credit card bill arrives, and you moan when you see the balance. High-Interest Debt Siphons Money from Other Priorities.
Skip the credit card debt on your next vacation
Kasasa
JANUARY 4, 2022
Ask any financial expert and they will tell you the best way to finance your vacation is to save up for the vacation you want to take.
Credit Card Debt Drops Sharply in 2nd Quarter of 2020
Nerd Wallet
AUGUST 14, 2020
Household debt declined slightly overall from the first quarter of 2020 to the second — but revolving credit card debt saw a significant drop. The article Credit Card Debt Drops Sharply in 2nd Quarter of 2020 originally appeared on NerdWallet.
Credit card debt is surging at a record-high rate
Collection Industry News
FEBRUARY 21, 2022
If you’re just making the minimum payments on your credit cards, it may be worthwhile to consider one of these debt repayment strategies. Americans are racking up credit card debt at a record-setting pace, according to the Federal Reserve Bank of New York.
Please Bench Your Credit Cards for March Madness Bets
Nerd Wallet
MARCH 23, 2023
The article Please Bench Your Credit Cards for March Madness Bets originally appeared on NerdWallet. Credit Cards Managing Credit Card DebtJaime Hanson writes for NerdWallet. Email: jhanson@nerdwallet.com.
U.S. credit card debt jumps 18.5% and hits a record $930.6 billion
Collection Industry News
FEBRUARY 7, 2023
On the heels of another rate hike this week by the Federal Reserve , credit card annual percentage rates are already near 20%, on average, and set to climb even higher. At the same time, more consumers are leaning on credit to afford increasingly expensive necessities, like food and rent. That helped propel total credit card debt to a record $930.6 As the number of credit card accounts in the U.S. credit card debt jumps 18.5%
Should I Pay Off My Credit Card Debt or My Mortgage?
Titan Consulting
SEPTEMBER 29, 2020
Credit card debt features low monthly payments, but double-digit interest which compounds daily, causing balances to grow fast and making it hard to eliminate the debt. Paying off credit cards will save you money on daily compounding interest payments.
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