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Debt Collection Trends

A new report published by Pew Charitable Trusts suggests that with the increase of debt collection lawsuits, “debt collectors may seize $1,200 coronavirus checks intended for household expenses.” Before the coronavirus restrictions began, American household debt had already increased by…

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Consumer Credit

The numbers: Consumer borrowing surged in December, as consumers used credit cards to make holiday purchases, according to Federal Reserve data released Friday. Total consumer credit increased $22.1 billion. That’s an annual growth rate of 6.3%, up from a 3.4% rate…

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