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One-Third of Americans Have Collection Accounts: Are You One of Them? | Credit.com

July 30, 2014 by Admin
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One-Third of Americans Have Collection Accounts: Are You One of Them?

More than a third of Americans with credit files have a debt in collections, the Urban Institute reports in its new analysis of delinquent debt in America. Many of these consumers are unaware of the collection account, and a large share of these debtors have no traditional credit history, as rent, utility and medical bills are sent to collections if they’re past due but are not typically reported to credit bureaus if current.

via One-Third of Americans Have Collection Accounts: Are You One of Them? | Credit.com.

 
 

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