Thirty-five percent of adults in the U.S. have a debt in collections reported in their credit files, a new study shows.
The study, by the Urban Institute, a think tank in Washington, D.C. found that Nevada tops the list of states, with 47 percent of people who have a credit file have reported debt in collections. The state, which was hit hard by the mortgage crisis, also has the highest average collections debt. The state also has the highest average collections debt, at $7,198.
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