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A Third of US Is on Debt Collectors' Books

A Third of US Is on Debt Collectors' Books
Posted July 29th, 2014 @ 12:05pm by Matt Cantor, Newser Staff

(NEWSER) – More than a third of Americans with credit scores have debt "in collections"—meaning one in three of us has been reported to collection agencies, a study finds. That's a total of 77 million people whose non-mortgage debt is significantly overdue, the Urban Institute notes. The study includes debts ranging from credit card and medical bills to parking tickets, CNNMoney notes. And the widespread issue "can tip employers' hiring decisions, or whether or not you get that apartment," an analyst tells the AP.

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