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Huge numbers of Americans have debts in collections

Posted on August 21st, 2014 No Comments

Huge numbers of Americans have debts in collections

According to a study released on July 29, 35 percent of Americans have a debt in collections, a Detroit Free Press article stated. In the analysis conducted by Urban Institute, it was found that many Americans had trouble paying debts on time. People plagued by debts were concentrated primarily in the southern region of U.S. and the majority of debts were related to mortgages. […]

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