1 in 3 U.S. adults have debt in collections

1 in 3 U.S. adults have ‘debt in collections’

You can see this is a national problem or a business opportunity…..

More details on CNN Money

Americans have a debt problem.

An estimated 1 in 3 adults with a credit history — or 77 million people — are so far behind on some of their debt payments that their account has been put “in collections.”

That’s a key finding from a new Urban Institute study.

It examined non-mortgage debt, including credit card bills, car loans, medical bills, child support payments and even parking tickets.

The debt in collections ranged from as little as $25 to a whopping $125,000. But the average amount owed was $5,200.

More details on CNN Money