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 31, 2021 | About Florida Debt Collection Attorney
Debt Collection Industry Statistics | Debt Collection in 2020 The debt collection industry is overall income in 2018 was $11.5 billion, down from $13.5 billion in 2013. Consumer debt reached approximately $14 trillion in 2019, up nearly $2.3 trillion from the...
by Admin | Aug 24, 2021 | About Florida Debt Collection Attorney
Debt Collection in 2020: Statistics, Trends, Collection Practices, and More First in a Series The debt collection industry has gotten a lot of flak over the years, yet it’s still a thriving business in a variety of industries, including auto finance, healthcare,...
