Collector - March 2021 - 10

FYI

LOANS

RECREATION

CONSUMERS SEEK OUT LOAN ACCOMMODATIONS
A recent TransUnion study noted that while " the CARES Act mandated that forbearance
programs be offered for a wide swath of mortgages and federal student loans, many
lenders and billers proactively offered their own accommodations to consumers in need.
A significant share of consumers report having a loan or other financial obligation in some
sort of accommodation. "
Loans/bills enrolled in financial accommodation (among those with financial product)

33% 19% 16% 11% 10%
Medical
bills

Mortgage

Credit
card

Auto
loan

Personal
loan

The amount of
money people
spent on golf
equipment in
July 2020-an
all-time high.

Private
student loan
Source: Golf Datatech

HR

SHARE OF COLLECTION FIRMS
THAT ENGAGE WITH DEBT
SETTLEMENT COMPANIES
Did your company work accounts in
the last 12 months that were enrolled
in a debt settlement program?

55%

Yes

Source: TransUnion

10

MILLION

9%

Source: TransUnion Financial Hardship Study, Sept. 30, 2020

DEBT

$

388.6

45%
No

EMPLOYERS' ACTIONS SINCE THE START OF THE PANDEMIC
The Employee Benefit Research Institute's 2020 Workplace Wellness Survey
asked 1,028 American workers ages 21-64 how the COVID-19 pandemic
changed their workplace benefits or employment status. The survey found
that since the start of the COVID-19 pandemic, employers have most
frequently furloughed or laid-off workers, promoted telemedicine benefits
and increased leave availability.

26%

Furloughed or laid-off workers.

18%

Added or promoted telemedicine benefits.

17%

Increased PTO, vacation or sick leave availability.

15%

Added or promoted mental health benefits.

14%

Reduced pay for all or some workers,
excluding executives.

14%

Reduced contributions to or stopped making
contributions to retirement plans.

Source: Employee Benefit Research Institute

ACAINTERNATIONAL.ORG


http://www.ACAINTERNATIONAL.ORG

Collector - March 2021

Table of Contents for the Digital Edition of Collector - March 2021

Collector - March 2021 - Cover1
Collector - March 2021 - Cover2
Collector - March 2021 - 1
Collector - March 2021 - 2
Collector - March 2021 - 3
Collector - March 2021 - 4
Collector - March 2021 - 5
Collector - March 2021 - 6
Collector - March 2021 - 7
Collector - March 2021 - 8
Collector - March 2021 - 9
Collector - March 2021 - 10
Collector - March 2021 - 11
Collector - March 2021 - 12
Collector - March 2021 - 13
Collector - March 2021 - 14
Collector - March 2021 - 15
Collector - March 2021 - 16
Collector - March 2021 - 17
Collector - March 2021 - 18
Collector - March 2021 - 19
Collector - March 2021 - 20
Collector - March 2021 - 21
Collector - March 2021 - 22
Collector - March 2021 - 23
Collector - March 2021 - 24
Collector - March 2021 - 25
Collector - March 2021 - 26
Collector - March 2021 - 27
Collector - March 2021 - 28
Collector - March 2021 - 29
Collector - March 2021 - 30
Collector - March 2021 - 31
Collector - March 2021 - 32
Collector - March 2021 - 33
Collector - March 2021 - 34
Collector - March 2021 - 35
Collector - March 2021 - 36
Collector - March 2021 - 37
Collector - March 2021 - 38
Collector - March 2021 - 39
Collector - March 2021 - 40
Collector - March 2021 - 41
Collector - March 2021 - 42
Collector - March 2021 - 43
Collector - March 2021 - 44
Collector - March 2021 - Cover3
Collector - March 2021 - Cover4
http://online.collector.com/collectormagazine/202103
http://online.collector.com/collectormagazine/202102
http://online.collector.com/collectormagazine/202101
http://online.collector.com/collectormagazine/202012
http://online.collector.com/collectormagazine/202011
http://online.collector.com/collectormagazine/202010
http://online.collector.com/collectormagazine/202009
http://online.collector.com/collectormagazine/202008
http://online.collector.com/collectormagazine/202007
http://online.collector.com/collectormagazine/202006
http://online.collector.com/collectormagazine/202005
http://online.collector.com/collectormagazine/202004
http://online.collector.com/collectormagazine/202003
http://online.collector.com/collectormagazine/202002
http://online.collector.com/collectormagazine/202001
http://online.collector.com/collectormagazine/201912
http://online.collector.com/collectormagazine/201911
http://online.collector.com/collectormagazine/201910/
http://online.collector.com/collectormagazine/201909/
http://online.collector.com/collectormagazine/201908/
http://online.collector.com/collectormagazine/201907/
http://online.collector.com/collectormagazine/201906/
http://online.collector.com/collectormagazine/201905/
http://online.collector.com/collectormagazine/201904/
http://online.collector.com/collectormagazine/201903/
http://online.collector.com/collectormagazine/201902/
http://online.collector.com/collectormagazine/201901/
http://online.collector.com/collectormagazine/201812/
http://online.collector.com/collectormagazine/201811/
http://online.collector.com/collectormagazine/201810/
http://online.collector.com/collectormagazine/201809/
http://online.collector.com/collectormagazine/201808/
http://online.collector.com/collectormagazine/201807/
http://online.collector.com/collectormagazine/201806/
http://online.collector.com/collectormagazine/201805/
http://online.collector.com/collectormagazine/201804/
http://online.collector.com/collectormagazine/201803/
http://online.collector.com/collectormagazine/201802/
http://online.collector.com/collectormagazine/201801/
http://online.collector.com/collectormagazine/201712/
http://online.collector.com/collectormagazine/201711/
http://online.collector.com/collectormagazine/201710/
http://online.collector.com/collectormagazine/201709/
http://online.collector.com/collectormagazine/201708/
http://online.collector.com/collectormagazine/201707/
http://online.collector.com/collectormagazine/201706/
http://online.collector.com/collectormagazine/201705/
http://online.collector.com/collectormagazine/201704/
http://online.collector.com/collectormagazine/201703/
http://online.collector.com/collectormagazine/201702/
http://online.collector.com/collectormagazine/201701/
http://online.collector.com/collectormagazine/201612/
http://online.collector.com/collectormagazine/201611/
http://online.collector.com/collectormagazine/201610/
http://online.collector.com/collectormagazine/201609/
http://online.collector.com/collectormagazine/201608/
http://online.collector.com/collectormagazine/201607/
http://online.collector.com/collectormagazine/201606/
http://online.collector.com/collectormagazine/201605/
http://online.collector.com/collectormagazine/201604/
http://online.collector.com/collectormagazine/201603/
http://online.collector.com/collectormagazine/201602/
http://online.collector.com/collectormagazine/201601/
http://online.collector.com/collectormagazine/201512/
http://online.collector.com/collectormagazine/201511/
http://online.collector.com/collectormagazine/201510/
http://online.collector.com/collectormagazine/201509/
http://online.collector.com/collectormagazine/201508/
http://online.collector.com/collectormagazine/201507/
https://www.nxtbookmedia.com