Nearly 1 in 4 Americans have collection debt, new report finds

The findings highlight growing affordability concerns as consumers navigate elevated borrowing costs and everyday expenses.

Americans are struggling to pay their credit card and student-loan bills

A new Urban Institute analysis showed that nearly a quarter of Americans have debt in collections, with higher rates of ...

As credit card balances hit a record high, medical bills can become 'shadow debt,' expert says

Medical bills can move onto credit cards and other borrowing, making the debt harder to track. Here's what consumers can ...

Here's what will (and won't) happen when your debt goes to collections

Knowing what can and can't happen during the debt collection process may help you avoid costly mistakes.
Forbes

Why Debt Collectors Have Declared Open Season On Consumers

With federal oversight in retreat, deep-pocketed collection companies are aggressively pursuing down-and-out consumers who are struggling with record levels of credit card debt. Meanwhile, ...
ConsumerAffairs

What Is Debt Collection and How Does It Work?

Could your debt be reduced or forgiven? Carrying a certain amount of credit card debt or auto debt may not be the end of the world, particularly if you're able to pay it off in a reasonable ...
The Cool Down on MSN

Debt collectors file over 80,000 lawsuits in Utah this year as households hit 'the breaking point'

"If you hear from a debt collector, the first thing you should do is verify that this is, in fact, legitimate debt that belongs to you." ...

His $58K in credit card debt was manageable with a tech salary. Now his severance runs out in six weeks

A 40-year-old software project manager in Austin was laid off in September along with a third of his team. His $58,000 in ...