Nexa Collect

JANUARY 16, 2023

Impact of Rising Interest rates on Consumer Debt. Credit Card Debt: Higher monthly payments since they charge a higher interest rate. Higher mortgage and car loan payments. People have been losing jobs, the housing market has already slowed down, and we read news about job losses almost daily. Job losses/layoffs.

Debt Recovery 130

Debt Recovery Credit Card Debt Collection Agencies Collections Agency 130

True Accord

MARCH 5, 2024

Today, about 61% of American households have credit card debt and the average credit card debt balance sits at $5,875. On top of historic credit card balances, delinquencies continue to climb across the board: automotive, mortgage, bank cards, and unsecured personal loans.

Consumer Credit 114

Consumer Credit Student loans Student Loans Collections 114

True Accord

AUGUST 24, 2022

Debt types and payment preferences constantly change along with technology. The traditional credit card debt is being replaced by BNPL, specifically when we look at Gen Z. Since it’s quite easy to sign up for one or more BNPL loans, the likelihood of losing track of payments or overspending is real, especially for Gen Z.

Credit Card Debt 98

Credit Card Debt Retail Debt Recovery Collections 98

True Accord

AUGUST 11, 2022

Whether it’s taking out a loan, buying a house, saving for retirement or purchasing goods on a credit card,, people are constantly being asked to make decisions that affect their personal finances. Debt levels are on the rise again: according to the?

Acquisition 75

Acquisition Debt Recovery Education Student loans 75

Debt Recoveries

OCTOBER 24, 2021

Give priority to interest-bearing debt. When writing your budget and listing all your outstanding debts, work out which of those debts are incurring further fees and interest, such as credit cards and loans. Talk to your Debt Collector. Put them at the top of your list. Everything else can wait. .

Debt Consolidation 52

Debt Consolidation Debt collector Student loans Student Loans 52

Taurus Collect

JUNE 16, 2022

When you have a debt in collection and receive a call/ notice from a debt collector, it indicates that your original creditor has redirected the debt to a debt collection agency or a third party to collect it. Use our Late Payment Calculator to know your remaining credit amount.

Retrieval 52

Retrieval Debt collector Collections Collection Agencies 52

Collection Industry News

MARCH 30, 2025

The growth in the historic period can be attributed to rising consumer debt levels, economic downturns, growth in unsecured loans, expanding credit access, and elevating regulatory compliance requirements. The debt collection agencies market size is expected to see steady growth in the next few years.

Collection Agencies 40

Collection Agencies Collections Agency Collections Financial Institution 40