Stunning: One In Three American Adults Have Debt ‘In Collections’July 30, 2014 12:49 am
We spotted this surprising stat today – 35% of U.S. adults with a credit history (91% of the adult population of the U.S.) have debt “in collections” — a status generally not acquired until payments are at least 180 days past due. (Source)
That is about 77 million Americans. Here is what matters, though – about 10 percent of the debts were smaller than $125. But the median debt, $1,350, is not a low number by any measure.