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Debt can be a heavy burden to bear, especially for vulnerable consumer debtors. It is important to have the right information and resources to safeguard these individuals from falling deeper into debt. In this blog, we will provide you with must-know information to help protect vulnerable consumer debtors.
| Statistic | Percentage |
|---|---|
| Number of vulnerable consumer debtors in the US | 25% |
| Average amount of debt held by vulnerable consumer debtors | $10,000 |
| Percentage of vulnerable consumer debtors facing debt collection lawsuits | 15% |
These statistics highlight the prevalence of vulnerable consumer debtors and the challenges they face when it comes to managing their debt. It is crucial to have the right information and resources in place to protect these individuals from predatory practices and unfair treatment.
By understanding the statistics and the unique challenges faced by vulnerable consumer debtors, we can work towards creating a more equitable and just system for all individuals struggling with debt. Stay informed and stay empowered to protect vulnerable consumer debtors in your community.
Remember, knowledge is power when it comes to safeguarding vulnerable consumer debtors.