Collection Industry News

JULY 19, 2021

Attorneys for the borrowers and credit agencies did not immediately reply to requests for comment on Friday. The six cases involved borrowers who disputed the ownership of their credit card debts in lawsuits against the big three consumer credit reporting agencies. Eve, upheld the rulings on Thursday.

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Law Firms Debt collector Credit Card Debt Consumer Credit 40

Credit Corp

JULY 9, 2021

The average American home owes around $6,270 in credit card debt. You may also be relieved to hear that you’re not out of options if you have past due debt. This incredibly high number is mostly composed of financial situations relating to peoples’ homes, vehicles, and loans taken out to pursue higher education.

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Debt settlement Credit Card Debt Debt collector Lender 98

Debt Guru

JANUARY 24, 2022

It may be sold to a debt buyer or transferred to a collection agency – and those institutions are usually ruthless in hounding you for payment. If you’ve gotten in over your head with credit card debt, it can be tempting to just stop paying. But ignoring the debt won’t make it go away – that will only make it worse.

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Lender Credit Card Debt Collection Agencies Collections Agency 52