The S&P/Experian Consumer Credit Default Indices, a measure of changes in consumer credit defaults, continued to show an increase in default rates through December, according to data released Tuesday by S&P Dow Jones Indices and Experian. Collection & Credit Risk
An audit of Cheyney University in Pennsylvania found the school's financial status has deteriorated in the past five years, partly because of failed collection efforts. Bad debt increased 348% since 2010. Collection & Credit Risk
The ability to stop using credit cards and pay cash for purchases can be a sign of financial stability as it proves a person’s lifestyle is in line with their income, according to an industry association. Not surprisingly, many people are in the danger zone. Collection & Credit Risk
