CFPB Report Highlights Differences in Credit Card Interest Rates as One Titan...
Three days after the Consumer Financial Protection Bureau released a report indicating that large banks are offering higher credit card interest rates to consumers than smaller banks and credit unions,...
View ArticleEncore Capital Reports Net Loss for 2023, but Says 2024 is Shaping Up to be a...
A $238 million impairment as a result of low purchase volumes by its European division darkened the financial results for Encore Capital Group this week, but the company says it is poised to capitalize...
View ArticleConsumers With More Credit Card Debt than Emergency Savings Hits All-Time...
Another day, yet another sign that consumers are over-extended and are at risk of falling off a financial cliff. The number of consumers who are carrying more credit card debt than emergency savings...
View ArticleConsumers Prioritizing Savings Over Debt for Tax Refunds: Survey
In what could be bad news for companies across the accounts receivable management industry, a significant number of fewer consumers are choosing to use their income tax refunds to pay down their debts,...
View ArticleReport Notes Dividing Line Between Healthcare Debts That Will Be Paid and...
$500. That is the dividing line between healthcare debts that are likely to be paid and those that are not, according to a report released last week. What’s interesting is that is also the demarcation...
View ArticleDelinquency Rates Keep Rising, Close to Pre-Pandemic Levels
More consumers continue to fall behind on their debt payments and are likely going to be in that situation for a while because of the amount of debt they are carrying from month-to-month, according to...
View ArticleFewer People Paying in Full
Is the era of paying for things in full at once dying? Should collection agencies stop asking consumers to pay the balance of a debt in full? It might be worth considering, thanks in part to the...
View ArticleFinancial Anxiety Amongst Consumers Soars
In an economic climate marked by apprehension and unpredictability, a recent survey sheds light on the financial sentiments being felt by consumers nationwide. The survey reveals a stark reality:...
View ArticleStudy Debunks Impact of Medical Debt Forgiveness on Consumers
A study published yesterday by the National Bureau of Economic Research questioned the effectiveness of medical debt forgiveness, concluding that individuals who had some or all of their medical debts...
View ArticleEd. Dept. Releases Student Loan Repayment Data
The Department of Education has released data regarding repayment trends following the end of the student loan payment moratorium with the intention of noting how many borrowers are making their loan...
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