Collection Industry News

DECEMBER 21, 2022

News & World Report shows that more than eight in 10 Americans who have credit card debt are experiencing anywhere from a little to a lot of anxiety about it. Nearly 31% have at least $6,000 of credit card debt. have credit card debt of $10,000 or more.

Credit Card Debt 40

Credit Card Debt Personal loans Banks Loans 40

Credit Corp

SEPTEMBER 13, 2023

These are not the same as a home equity line of credit , which is actually a revolving account. Personal Loans : Personal loans are generic installment loans that you can take out for many reasons. You can get a personal loan from online lenders or from a bank or credit union.

Credit Unions 97

Credit Unions Credit Unions Student loans Student Loans 97

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%

Student loans 82

Student loans Student Loans Loans Personal loans 82

Credit Corp

JUNE 27, 2021

If you need some extra motivation to increase your credit score or are curious what a high credit score will mean for you, here are the unexpected benefits of a good credit score. According to Forbes, consumers owed $323 billion on personal loans in 2020. 35% of your credit score is based on Payment History.

Student loans 98

Student loans Student Loans Loans Personal loans 98

Fico Collections

AUGUST 29, 2022

This suggests that consumers are not only obtaining new credit, but also using more of it, whether due to rising inflation rates , or simply due to having more opportunities to spend on discretionary items such as restaurant, retail, and travel during this period than earlier in pandemic.

Credit Bureau 98

Credit Bureau Government Lender Loans 98