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Record-High Credit Card Debt Fuels Delinquency Crisis
As of Q3 2024, the average American credit card debt reached nearly $8,000, with a 9% delinquency rate, causing credit damage and leading to legal debt sales to third-party collectors, a practice permitted under federal law and regulated by the FDCPA.
Record-High Credit Card Debt Fuels Delinquency Crisis
As of Q3 2024, the average American credit card debt reached nearly $8,000, with a 9% delinquency rate, causing credit damage and leading to legal debt sales to third-party collectors, a practice permitted under federal law and regulated by the FDCPA.
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