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,...
by Admin | Aug 17, 2021 | About Florida Debt Collection Attorney
The Auto Loan Market Continues to Recover Q1 2021 IIR Auto Loan Market In Q1 2021, the larger car finance industry largely recovered, with average debt per borrower surpassing $20,000 for the first time since TransUnion started tracking the indicator. In Q4 2020,...
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 | Aug 3, 2021 | About Florida Debt Collection Attorney
In a low-interest environment, the spike in Mortgage Originations expected to continue. Q1 2021 IIR Mortgage Loan Summary As major delinquencies declined in Q1 2021, the boom in mortgage originations persisted in Q4 2020 (viewed one quarter in arrears). Mortgage...
