1 in 3 U.S. adults have ‘debt in collections’

Published July 29, 2014 by TNJ Staff
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Percent of state residents with debt in collections. Source: Urban Institute; Data as of 2013Americans have a debt problem.

An estimated 1 in 3 adults with a credit history — or 77 million people — are so far behind on some of their debt payments that their account has been put “in collections.”

That’s a key finding from a new Urban Institute study.

It examined non-mortgage debt, including credit card bills, car loans, medical bills, child support payments and even parking tickets.

Read More At CNN.

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TNJ Staff