Collection Industry News
JANUARY 13, 2024
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.
Better Credit Blog
OCTOBER 16, 2020
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. With the pointers below, getting a collections entry off your credit report should be no trouble at all.
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Better Credit Blog
OCTOBER 14, 2020
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.
True Accord
OCTOBER 10, 2023
Key Indicators and Consumer Spending According to the New York Fed’s Quarterly Report on Household Debt and Credit , total household debt increased in the second quarter of 2023 by $16 billion (0.1%) to $17.06 Credit card balances increased by $45 billion from Q1 2023 to a series high of $1.03 trillion in Q2, a 4.6%
Better Credit Blog
OCTOBER 21, 2020
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. Debt collectors can call, leave you messages, and send letters rather frequently until you pay what you owe.
Better Credit Blog
OCTOBER 21, 2020
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. Debt collectors can call, leave you messages, and send letters rather frequently until you pay what you owe.
Troutman Sanders
OCTOBER 30, 2023
This bill would instruct the Consumer Financial Protection Bureau (CFPB) and the Government Accountability Office to conduct a study on BNPL and EWA services to help determine the degree to which consumers are utilizing both services for retail purchases. For more information, click here. For more information, click here.
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