All signs point to a Federal Reserve Rate Hike this coming week. And with credit card debt recently hitting an all-time high outstanding debt will become even more expensive to pay off. The possible result from the intersection of these two …
Collection Agency Services
US Consumer Debt Hits All-Time High
According to WalletHub’s latest Credit Card Debt Study, based on Federal Reserve data released recently, US consumers racked up $92.2 billion in credit card debt during 2017, pushing outstanding balances past $1 trillion for the first time …
Recent Clarification Regarding CT Collection Agencies
According to a recent memo issued by Commissioner Jorge L. Perez of the Connecticut Department of Banking, licensed collection agencies working on delinquent or defaulted mortgage loans in Connecticut do not need a mortgage servicer license. You …
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