Texas ranks 2nd in US for collections debt: report

  • 📰 KPRC2
  • ⏱ Reading Time:
  • 33 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 68%

Collections Debt News

Debt,Money,Consumer

Everything is bigger in Texas, including how much debt we have apparently.

FILE - The likeness of George Washington is seen on a U.S. one dollar bill, March 13, 2023, in Marple Township, Pa. The nonpartisan Congressional Budget Office says it expects the federal government will be awash in debt over the next 30 years. – It happens to the best of us—and when it does, it’s easy for us to say ‘mind ya business,’ but it has to be addressed.looked at states with the “Most Collections Accounts,” where researchers looked at debt that has gone unpaid for such a long period.

They examined several factors, including Collection Accounts Status as well as Change in Average Collection Accounts. WalletHub researchers ultimately narrowed their findings to show Texas had the second most collection accounts. The Lone Star State also ranks around the middle when it comes to recent increases in the number and size of collection accounts. Researchers also found the “average” balance per account is around $1,403, which is “the 17th highest in the country.”click here.Historian, educator, writer, expert on "The Simpsons," amateur photographer, essayist, film & tv reviewer and race/religious identity scholar.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 80. in LOANS

Loans Loans Latest News, Loans Loans Headlines