One study published in 2016 found that more than half
of credit card borrowers believed that carrying a balance helped their credit score.
As I recently wrote about, it's not just
credit card borrowers who enjoy the benefits of hiring a debt settlement lawyer, but student loan borrowers as well.
Credit card issuers are required to follow a specific procedure when addressing billing disputes on the part
of credit card borrowers.
The biggest gains in average
credit card borrower debt occurred in the District of Columbia (4.17 percent), Iowa (2.84 percent) and Mississippi (2.7 percent).
Yes I agree that LC does not verify 100pct of their borrowers, and do also understand the same applies to
credit card borrowers from banks, and I certainly would want LC to verify all, along with having a much stronger collection process to go after the pay once, then default mentality crowd, yet am cognizant of the fact that there will be crooks in every business, and perhaps the government should be a lot tougher on fraudsters, borrower frauds, and much tougher on scammers.
Iowa had the lowest average
credit card borrower debt at $ 3,915, followed by North Dakota ($ 4,181) and South Dakota ($ 4,248).
The national average
credit card borrower debt, which is defined as the aggregate balance on all bank - issued credit cards for an individual borrower, dropped 8.62 percent from a year earlier.
The types of programs available to
a credit card borrower in trouble may vary by personal situation and financial institution.