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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. trillion in student debt under the CARES Act, student loan payments resume this month. trillion in Q2, a 4.6%

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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.

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How To Remove Asset Recovery Solutions From Your Credit Report

Better Credit Blog

Today’s guide will walk you through the basics of debt collections and give you some pointers for getting ARS off your credit report. Asset Recovery Solutions isn’t a lender, provider, or retailer itself, so getting a letter or call stating that you owe them money may have you concerned about the company’s legitimacy.

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

True Accord

The fourth quarter marked the resumption of student loan payments for 22 million Americans, but repayment results were low. million borrowers missed their student loan payment —that’s 40% of loan holders. Breaking it down, credit card balances increased by $48 billion to $1.08 trillion in Q3 2023, showing a 4.7%

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On May 1, the CFPB proposed a rule to implement a congressional mandate to establish consumer protections for residential property assessed clean energy (PACE) loans. PACE loans, secured by a property tax lien on the borrower’s home, are often promoted as a way to finance clean energy improvements, such as solar panels.

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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. Installment loans. Retail debt. When you fall behind on payments, your debt could be turned over to a collections agency like ARI. 3 Ways to Remove Absolute Resolutions Investments LLC from Your Credit Report.

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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. Installment loans. Retail debt. When you fall behind on payments, your debt could be turned over to a collections agency like ARI. 3 Ways to Remove Absolute Resolutions Investments LLC from Your Credit Report.