One in Three Americans Have Debts Reported to Collection Agencies
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iStock/Thinkstock(NEW YORK) — More than 35 percent of Americans are facing debt collectors.
A study by the Urban Institute suggests that more than one in three Americans have debts and unpaid bills that have been reported to collection agencies, as consumers fall behind on payments including credit cards, hospital bills, mortages, and student debt.
Even past-due gym membership fees or cell phone contracts can end up with a collection agency, potentially hurting credit scores and job prospects.
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