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  • Average Credit Card Debt v. Total U.S. Credit Card Debt (2023 Infographic)
    Average Credit Card Debt v. Total U.S. Credit Card Debt (2023 Infographic)

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  • Legal Glossary: Debtor-Creditor Law (New York 2023)
    Legal Glossary: Debtor-Creditor Law (New York 2023)

    The Essential Legal Glossary for Consumer Debtors Acceptance: 1) Intentionally receiving and keeping something. 2) Agreeing to contract terms. Acceptance of Service: Agreement by a defendant to accept ...

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  • 2023: The Year Millions Reconnect with Their Student Debt
    2023: The Year Millions Reconnect with Their Student Debt

    What’s Going on with Student Loan Repayments in 2023? In October 2023, about 27 million borrowers are expected to restart their student loan payments, marking an end to a three-year hiatus. The blog ...

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  • 2022 Poverty Surge: What Debtors & Lawyers Need to Know
    2022 Poverty Surge: What Debtors & Lawyers Need to Know

    U.S. Poverty Rate Soars in 2022 Poverty Rate: Jumped from 7.8% (2021) to 12.4% (2022). Child Poverty: Doubled from 5.2% to 12.4%. Reasons for Increase: Expiration of pandemic federal aid and rising ...

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  • Can a Debt Collector Place a Lien on my Home? Yes, Here's How.
    Can a Debt Collector Place a Lien on my Home? Yes, Here's How.

    Yes. Creditors who have obtained judgments for unpaid debts can register these judgments to create liens against real property. This is a separate process from banks obtaining mortgage liens, which ...

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  • 8 Surprising Trends of Covid-19’s Impact on Consumer Credit and Debt Collection
    8 Surprising Trends of Covid-19’s Impact on Consumer Credit and Debt Collection

    Pre-Pandemic 1) Before the pandemic, debt-collection-industry revenue has trended downward. Debt-collection-industry revenue has declined in recent years, decreasing from an estimated $13.5 billion in ...

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