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Study: Third of Americans facing debt collectors

More than a third of people in the U.S. are getting calls from debt collectors, but the Midwest isn't among the hardest hit areas.

A study found that people in southern and western states have disproportionately high amounts of debt, that have gone to collections.

Alan Prahl of FISC says he's not surprised that the Midwest's rates aren't as high, because we usually manage our expenses well. He says a few simple rules can keep people from getting in over their heads, like not making commitments that are out of a person's budget.

He says anyone who does run into financial trouble, shouldn't hide from their debts, and pay them off as quickly as possible

posted : July, 29th by WHBY


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