by Admin | Sep 14, 2021 | Debt Industry
Industries with the Largest Consumer Debt As previously stated, almost 30 million Americans have at least one debt in collections, and roughly one-fifth (19.5%) of credit reports contain one or more medical collections tradelines. Non-medical collections tradelines...
by Admin | Sep 7, 2021 | About Florida Debt Collection Attorney, Debt Industry
The Role of Debt Collection and Third-Party Debt Collection Services The average delinquency rate—the percentage of accounts 30 to 59 days past due (DPD)—across all debt categories has decreased by 38 percent in the last decade,” according to Experian. Payments 60 to...
by Admin | Aug 10, 2021 | Debt Industry
Personal Loan Originations Continue a Slow Recovery Q1 2021 IIR Personal Loan Summary Personal loan originations began to recover in the Q4 2020, steadily growing after the market contracted nearly 50% in Q2 2020, and 30% in Q3 2020. Originations were still 20% below...
by Admin | May 11, 2021 | About Florida Debt Collection Attorney, Debt Industry
Debt Collection Myths – Payments Restart The Credit Reporting Clock Let’s say the statute of limitations on the debt in question is 7 years. You created the debt by borrowing, 2 years ago. Some people fear that making a payment arrangement now, resets the clock, and...
by Admin | Apr 20, 2021 | Debt Industry
Debt Collection Myths – Cease-and-Desist Letter Makes Debt Go Away A cease-and-desist letter stops the debt collection attorney (or debt collection agency) from calling you. Nothing else. You still owe the debt after the collection professional stops calling. ...
by Admin | Sep 15, 2020 | About Florida Debt Collection Attorney, Debt Industry
How do you deal with the common excuses that debtors may use to get away from debt during debt collection? Customers usually have excuses like the following: I have already sent the check in the mail. At that point, ask them to send a copy of the check and ask for the...
