47.4k views
16 votes
Why were so many drowning in debt in the south?

1 Answer

8 votes
The debt numbers are derived from anonymized consumer-level records shared with Urban's researchers by a major credit bureau. Unpaid bills that creditors have either closed or are trying to collect are considered β€œin collections.” For example, unpaid credit card debt typically goes into collections after 180 days, according to the Urban Institute.
User Andrew Strong
by
7.7k points

No related questions found