According to the 2014 Credit.com American Dream Survey* the majority of respondents identified retiring financially secure at age 65 followed by getting out of debt as their top definitions of the “American Dream.” When asked about their priorities over the next year or two, nearly half of the respondents identified debt reduction among their top priorities, with credit card debt leading the way. The vast majority of these respondents (79%) indicated that they would be able to achieve this goal in their lifetime.
By John Viggiano posted at Jul 11, 2014 4:18:00 PM
For Many Americans Achieving the ‘American Dream’ Means Being Debt Free
By John Viggiano posted at Jul 7, 2014 4:25:00 PM
Millennials Substituting Homes and Vehicles for… Phones!?
A changing landscape for home ownership among millennial college grads may leave collateral assets down to a VIN number, or perhaps, a smartphone.According to the July 3, 2014 “College Debt and Home Buying” article in the New York Times,* “Student loan debt is commonly cited as a primary factor in the declined homeownership rate among 25- to 34-year-olds.”
By John Viggiano posted at Jul 3, 2014 3:30:00 PM
Behind the Times
One of the biggest obstacles our industry has faced in recent years is the boom in cell phone use, email, and text messaging – among others. There has been much talk about revising the FCDPA (Fair Debt Collection Practices Act) in recent years. I emphasize the word 'Talk' because that's all that has happened.
