The level of consumer-debt is at its highest since the Great Recession. US households are over half a trillion dollars in more debt, since June compared to where they were at the beginning of the year as per the Federal Reserve newest data. The total of household debt is currently at $12.84 trillion. The second quarter delinquent rate of the overall debt kept steady at 4.8%. However, the New York Fed stated there was a noticeable increase in the credit-card balances that went into delinquency. Consumer loans have to be repaid, unlike government debt.
If you have clients, patients, customers, that no longer have the ability to pay what you owe, it may be time to reach out to Marcadis Law Firm PA. We are among Florida’s most established, and effective practices whose sole focus is the collection of money owed our clients.