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Americans Are Carrying Record Household Debt into 2024

Collection Industry News

JANUARY 13, 2024

Auto loan and mortgage debt increased by 4%, while student loan debt saw a modest rise of 1.6%. Household debt in the “Other” category — which includes retail cards and other consumer loans — also saw a substantial increase of 7.7% Ridley, who helps clients manage debt, offered some general advice for debt management.

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

Credit Corp

MAY 4, 2021

For instance, if you’re a compulsive shopper, delete retail apps and turn off push notifications for sales. “Everyone has a trigger, and it’s important to face it to avoid it and prevent it from destroying your financial gains.”

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