Monthly Archives December 2018

Behind The Prevalence Of Debts In The United States

Debt is growing here in the United States, no about about it. In fact, the average person will spend more than one quarter of their yearly salary (around 26%, to be more exact) simply working to pay off various debts alone. And in total, consumer debt will reach and exceed a value of $4 trillion by the time that the year of 2018 draws to a close, now just mere weeks away.

There are many kinds of debt as well, from personal loans to credit card debt to the debt that is accrued over the course of a college education. For many who are working in the field of debt collection, the sheer amount of debt that they must contend with is nothing if not staggering and frequently overwhelming, especially if they don’t have the right debt management system software needed to adequately and effectively deal with this growing problem. And debt management system software is on the rise, with more than 45% of all companies (not just ones in the field of debt collection) anticipated to increase spe

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