Roughly 77 million Americans, or 35 percent of
adults with a credit file, have a report of debt in collections. These
adults owe an average of $5,178 (median $1,349). Debt in collections
involves a nonmortgage bill?such as a credit card balance, medical or
utility bill?that is more than 180 days past due and has been placed in
collections. 5.3 percent of people with a credit file have a report of
past due debt, indicating they are between 30 and 180 days late on a
nonmortgage payment.
adults with a credit file, have a report of debt in collections. These
adults owe an average of $5,178 (median $1,349). Debt in collections
involves a nonmortgage bill?such as a credit card balance, medical or
utility bill?that is more than 180 days past due and has been placed in
collections. 5.3 percent of people with a credit file have a report of
past due debt, indicating they are between 30 and 180 days late on a
nonmortgage payment.
