Fact Sheet The High Cost of Delinquent Debt
Breno Braga, Signe-Mary McKernan, Hannah Hassani
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Many Americans are in financial distress. Nearly one-third of consumers with a credit file have debt in collections. Consumers in financial distress prioritize some debts over others, but long-term financial health depends on a consumer’s ability to stay current on all debt obligations. In this infographic we address the following questions:

  • Which bills do consumers prioritize when in financial distress?
  • What are the long-term consequences on financial health?
  • What is the cost of poor credit?
  • What can consumers do at the first sign of financial distress?

The High Cost of Delinquent Debt infographic

Research Areas Wealth and financial well-being Families
Tags Asset and debts Economic well-being Opportunity and ownership Family credit and debt
Policy Centers Center on Labor, Human Services, and Population
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