article thumbnail

Can Bankruptcy Get Rid of My Credit Card Debt in Broomfield, CO?

Debt Free Colorado

Finding Solutions to Discharge Your Credit Card Debt Many find themselves struggling if they should file for bankruptcy because of their credit cards. Fortunately, bankruptcy can offer a path toward financial relief from credit card debt. Is My Credit Card Debt Dischargeable in Bankruptcy?

article thumbnail

Americans Are Carrying Record Household Debt into 2024

Collection Industry News

household debt grew by $800 million from 2022 to 2023, including a 16.6% growth in credit card debt. While the new year marks a time for new beginnings and a fresh start, millions of Americans entered 2024 with more debt and less to put in their checking and savings accounts. At the start of the year, U.S.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Q3 Industry Insights: Preparing for Credit Card Bills, Student Loans and Holiday Spending

True Accord

Economic stressors persist and are likely contributing to many consumers relying on credit to cover expenses, while the resumption of student loan payments adds another financial obligation to the mix. Credit card balances increased by $45 billion from Q1 2023 to a series high of $1.03 trillion in Q2, a 4.6% quarterly increase.

article thumbnail

How To Remove Asset Acceptance LLC From Your Credit Report

Better Credit Blog

The agency collects on various types of debts, such as: Consumer finance debt. Credit card debt. Retail debt. 3 Ways to Remove Asset Acceptance LLC from Your Credit Report. This should include information like who the original lender or creditor was, how much you owe, and your account number.

article thumbnail

How to Get Out of Debt: 13 Expert-Backed Steps for Success

Credit Corp

For instance, if you’re a compulsive shopper, delete retail apps and turn off push notifications for sales. For instance, work on getting rid of your high-interest credit card debt before moving on to your federal student loans. Calculate Your Credit Card Payoff. Apply for a 0% Balance Transfer Card.

article thumbnail

Q4 Industry Insights: Cautious Optimism with a Side of Holiday Hangover

True Accord

If you’re a creditor or collector working with financially distressed borrowers, considering consumer situations against the economic landscape and accommodating their financial needs and preferences when collecting is critical to your success. Breaking it down, credit card balances increased by $48 billion to $1.08 a year ago.

article thumbnail

How To Remove Absolute Resolutions Investments LLC From Your Credit Report

Better Credit Blog

ARI collects on a variety of debts, like: Bankruptcy. Credit card debt. Retail debt. When you fall behind on payments, your debt could be turned over to a collections agency like ARI. Installment loans. Financed purchases. Utility bills. How Does Absolute Resolutions Work?