Total Bankruptcy Filings Drop in 2014
U.S. bankruptcy filings totaled 910,090 in 2014, a 12% drop from the 1,032,572 filings in 2013, according to data from American Bankruptcy Institute, provided by Epiq Systems Inc. Collection & Credit Risk
Collection Lawsuits, Industry Complaints Drop in November
Fair Debt Collection Practices Act lawsuits dropped to a more typical 713 cases (including 66 class action cases) filed in November after a spike to more than 900 in October. Fair Credit Reporting Act lawsuits decreased to 173 (including 14 class action cases) in November from more than 225 a month earlier. Collection & Credit [...]
Key Credit Index Slips on Sharp Service Sector Drop
Dollar collections dropped and the amount of credit extended also slipped. Accounts placed for collection fell as well, a sign more creditors are falling too far behind to ignore, sparking more collection activity. Collections - Other Consumer
U.K. Credit Cards with Over Limit Balances Drop, FICO Reports
The number of U.K. credit cards with balances that are over-limit reached its lowest point in more than two years, according to data from Fair Isaac Corp. (FICO). Collections - Credit Card
Credit Card Delinquencies Drop on Quarterly and Yearly Basis
TransUnion attributes the improved delinquency and debt rates to consumers paying off charges made during the holiday season as well as consumers using their tax refunds to pay off debts. Collections - Credit Card
