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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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Transunion Report

Today, TransUnion and the Aite Group released a report titled The State of Collections 2019, noting that the debt collection industry is at a crossroads but has a bright future ahead. The report—which covered a cross-section of the industry representing collectors…

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An affiliate of Xcelerated Revenue LLC, a Columbus, Ohio based boutique collection agency serving closely held businesses, purchased control of Hiru Company (OTC Symbol: HIRU). The purchase included the Series A Preferred Shares and all debt and convertible notes. Brian…

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