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1/3 of Americans are in debt: 35 Percent of them have accounts in collections

· 1 min read
Lyle Solomon
Written by
Lyle Solomon
Loretta Kilday
Reviewed by
Loretta Kilday
1/3 of Americans are in debt: 35 Percent of them have accounts in collections

The Urban Institute presented one of the most striking report at the end of July 2014. One in three Americans have debts and unpaid bills that have been reported to collection agencies. Check out this infographic to get a clear idea about the debt scenario.

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Editorial Team

Lyle Solomon
Written by
Lyle Solomon
Principal Attorney, Oak View Law Group
LinkedInCal Bar #226025
Read more from Lyle

Lyle Solomon is the Principal Attorney at Oak View Law Group with 30 years of legal experience. Licensed by the State Bar of California, he focuses on consumer finance, debt settlement, and payday loan resolution. He has helped over 6,000 clients become debt-free and is the author of Think Different! Save More!

Loretta Kilday
Reviewed by
Loretta Kilday
Attorney and Editorial Reviewer, OVLG
LinkedInIL Bar #6188289
Read more from Loretta

Loretta Kilday is an Illinois-licensed attorney with 41+ years of experience in bankruptcy (Chapters 7, 11, and 13), debt settlement, debt collections, and consumer finance. At Oak View Law Group, she provides independent attorney review of published content on debt relief and bankruptcy for legal accuracy.