Nearly 1 in 4 Americans With Credit Histories Have Debt in Collections
23.5% of Americans with credit histories have debt in collections, median $2,913, per the Urban Institute. One Texas borrower owes $40,000 across 19 cards.
Topic
Debt Collection
Topic
Debt Collection
9 Million Borrowers in Default Face Wage Garnishment Next Year
Over 9 million borrowers owe $234 billion in defaulted student loans, and wage garnishment and tax refund seizures could begin as…