A FLOOD ADVISORY has been issued for Montgomery and San Jacinto counties until 6:15pm. A FLASH FLOOD WATCH is in effect for Austin, Brazos, Burleson, Grimes, Houston, Lee, Madison, Montgomery, San Jacinto, Trinity, Walker, Waller, and Washington Counties until 7am SUNDAY. 1" to 3" of rain, with localized totals between 5" & 7" will be possible as a slow moving, weak cold front arrives through early Sunday.
WASHINGTON (AP) A study by the Urban Institute shows that more than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies.
These consumers fall behind on credit cards or hospital bills. Their mortgages, auto loans or student debt pile up, unpaid. Even past-due gym membership fees or cellphone contracts can end up with a collection agency, potentially hurting credit scores and job prospects.
The study by the Washington-based think tank released Tuesday points to a disturbing trend: The share of Americans in collections has remained relatively constant, even as the country as a whole has whittled down the size of its credit card debt since the official end of the Great Recession in the middle of 2009.
The delinquent debt is overwhelmingly concentrated in Southern and Western states. Texas cities have a large share of their populations being reported to collection agencies.
(Dallas, 44.3 percent; El Paso, 44.4 percent; Houston, 43.7 percent; McAllen, 51.7 percent; and San Antonio, 44.5 percent)
Eric Salazar is the Texas and Florida manager for the credit counseling agency GreenPath. He sees a few major factors appear to be driving the delinquencies.
First, many of these workers have low-paying jobs in construction and services, in addition to minimal education on their finances. Secondly, these states are home to retirees who live on fixed incomes and may struggle to pay medical bills.
Other cities have populations that have largely managed to repay their bills on time. Just 20.1 percent of Minneapolis residents have debts in collection. Boston, Honolulu and San Jose, California, are similarly low.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.