Fico Collections

FEBRUARY 25, 2021

Retail consumers, small and medium enterprises, and commercial entities are looking to banks for increasing levels of support and assistance, especially as government-introduced stimulus programs start to mature and expire around the globe, leaving more vulnerable customers wondering where to turn.

Banks 52

Banks Debt Consolidation Retail Collections 52

Credit Corp

MAY 1, 2024

The most surefire way to get out of debt is to create a detailed budget, prioritize paying off debts with the highest interest rates first while making minimum payments on others, and consistently allocate extra funds toward debt repayment until all balances are cleared. Once you identify your triggers, work to eliminate them.

Credit Card Debt 52

Credit Card Debt Loans Debt Consolidation Student loans 52

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% Keep your eyes on the prize: a debt-free life. over the same period. on the year.

Credit Card Debt 40

Credit Card Debt Student loans Student Loans Bankruptcy 40

Credit Corp

APRIL 26, 2021

The top reason Americans were borrowing in January 2021 was to get out of debt. Some 37.17% of people surveyed who reported ever taking out a personal loan said they used the funds for debt consolidation. More Americans are saving, paying off debt, and taking out personal loans as a way to get out of debt at a lower rate.

Personal loans 98

Personal loans Loans Credit Unions Credit Unions 98

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.”

Credit Card Debt 98

Credit Card Debt Bankruptcy Lender Student loans 98