A first in the BC Consumer Debt Study’s 13-year history, the latest study finds costs of living are now the number one cause of problem debt for consumers surveyed, causing significant challenges ...
Black Americans have been systematically excluded from wealth accumulation through policies and practices that increase debt burdens and limit asset building, leading to chronic financial ...
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Debt collection complaints are surging: Here’s why
(NewsNation) — American households owe a record $18.4 trillion, and federal data shows complaints about aggressive debt collection have surged over the past year. The Federal Trade Commission logged ...
Collectively, Americans owe $1.23 trillion on their credit cards, according to a new report from the Federal Reserve Bank of New York. However, despite the overall uptick, there is a growing divide ...
Amid rising costs and reported debt anxiety, experts outline eight signs debt has become problematic, highlighting why early ...
With inflation still squeezing household budgets and interest rates staying high for most of the year, national consumer debt continues to climb across borrowing categories — from mortgages and credit ...
After unexpectedly surging in July, consumer debt returned to its previous trend and flatlined again in August, signaling growing financial stress on American households. It contracted in May and June ...
There is no collapse. No Lehman Brothers moment. Instead it’s a slow burn, a financial treadmill that many are never able to get off. Across the country, households are juggling a web of obligations: ...
DAYTON — Complaints about aggressive debt collectors are on the rise as more people find themselves living paycheck to paycheck. Sam Brashears, a single mom working as an appointment scheduler, has ...
BREATHING ROOM. I STARTED TO FEEL THE CRUNCH WHEN I STARTED TO USE CREDIT CARDS FOR JUST DAILY ESSENTIALS. FOR JENNIFER PAEZ, MORE EXPENSES AND LESS MONEY. COMING IN MEANT ONE SIMPLE THING SHE HAD TO ...
Forbes contributors publish independent expert analyses and insights. Pam Kaur covers fintech and bank tech innovation and regulation. U.S. consumers are expected to spend near record levels this ...
The Federal Trade Commission logged over 140,000 consumer complaints about debt collection in the second quarter — a 220% jump from the same period a year earlier. Georgia, Texas and Florida recorded ...
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