by Admin | Oct 12, 2021 | About Florida Debt Collection Attorney, Debt Industry
Debt Collection Practices Debt collection techniques vary per industry, including whether or not third-party debt collection companies are used. We’ll look at common debt collecting tactics and trends using the credit card industry as a case study. As of...
by Admin | Oct 5, 2021 | About Florida Debt Collection Attorney, Debt Industry
Medical Debt: The Leading Cause of Bankruptcy in the U.S. Unpaid medical bills are the primary cause of bankruptcy in the United States, not credit card debt, car loans, or student loans. According to a 2016 survey done by the Kaiser Family Foundation and the New York...
by Admin | Sep 28, 2021 | About Florida Debt Collection Attorney, Debt Industry
Auto Lending Practices Impact Delinquencies Since mid-2013, household debt has been increasing. Auto lending practices growth has been a major driver of this increase, as auto loan balances have been consistently increasing for several years. In the third quarter of...
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...
