The High Cost of Delinquent Debt

Fact Sheet

The High Cost of Delinquent Debt

Abstract

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 Area: 

Cross-Center Initiative

Cross-Center Initiative: 
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