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1 in 3 Americans Have Debt

Roughly one in three adult Americans have a past-due debt that's been turned over to a collection agency, according to a novel new study. The following is based on records shared with researchers by the credit reporting agency TransUnion:

  • 35 percent of Americans with a credit file have debt in collection reported in these files. Bills more than 180 days overdue are sent to collection agencies.
  • The average amount owed on bills in collection is $5,200.
  • 5.3 percent of Americans with a credit file have bills reported to a credit bureau between 30 and 180 days past due.
  • The average amount owed on past-due debt not yet in collections is $2,258.
  • Americans with bills in collection and past-due debt owe a combined average of $9,123.

Looking at Florida, several cities have high percentages of people with debt in collections. Miami was a hair under 40 percent. Jacksonville, Orlando and Tampa showed 45 percent, 44.8 percent and 41.6 percent. The Lakeland area between Orlando and Tampa had a very elevated 47.3 percent in collections, while North Port on the Gulf of Mexico was at 35 percent.

If you or someone you know has delinquent debt, we may be able to help. Our team of lawyers is uniquely skilled in dealing with all types of debt issues from harassment to defending credit card suits to working out repayment terms.

  • ABC News
  • American Civil Liberties Union
  • CBS 4
  • CNN
  • Daily Business Review
  • Florida Trend's - Florida Legal Elite 2014
  • Florida Trend's - Florida Legal Elite 2014
  • National Association of Consumer Advocates
  • National Association of Consumer Bankruptcy Attorneys
  • NBC News
  • National Consumer Law Center
  • The New York Times
  • Avvo
  • Avvo
  • Avvo
  • Avvo
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