If you have consumer debt that has been sent to collections, you are not alone. Seriously…it may sound cliché, but you are literally (and figuratively) not alone. According to a recent HuffingtonPost.com report, more than a third of all adult Americans have some type of debt that is in collections.
The report highlighted a study conducted by the Urban Institute, and the types of debt subject to collections were as diverse as the people who were responsible for the debts. Aside from the credit card debt, past due obligations included past-due gym memberships, unpaid cell phone contracts, and hospital bills were common culprits.