Debts are Like Children

St. Petersburg Debt Collection Attorneys reflect on a little Morning Debt Collection Humor.

Debts are like Children, the smaller they are, the more noise they make  (Old Spanish Proverb)

So... take the smallest debt making the most noise, pay it off, give yourself some relief, then start working on the bigger picture!

Need Debts Collected?

St. Petersburg Debt Collection Attorney Marcadis Singer, PA are ready to help.

Marcadis Singer, PA

Florida Collection Attorney

5104 South Westshore Blvd.

Tampa, Florida 33611

info @ marcadislaw.com

(888) 547-1881

(813) 288-1881

New Clients 

Ext. 247 Gil Singer

Ext. 240 Ralph Marcadis

Existing Client Client Liaison

Ext. 242

To Pay a Claim

Ext.  245

http://www.marcadislaw.com

St. Petersburg growing stronger and Faster than Tampa

To those of you not familiar with our geography, St. Petersburg and Pinellas County are joined with Tampa and Hillsborough county in the north west corner.  At that point Pinellas, and St. Pete are split apart by Tampa Bay, and Pinellas becomes a Peninsula between the Bay and the Golf of Mexico, on the west central coast of Florida.  

St. Pete and Tampa are incredibly separate communities each with their own characters, but they are very joined together, both by land where we share a border, and by 3 large bridges that span from Tampa to St. Pete across Tampa Bay.

It appears that our sister home town, St. Petersburg, is seeing much stronger, much sooner economic and social growth.  For those that know St. Pete, its easy to understand why.  It is a wonderful town to live and work in.

Our own debt collection efforts in St. Pete, also reflect the growing economy in our sister city.

If you are in need of a debt collection attorney in St. Petersburg, we have intimate knowledge of that city, and are here to help.

This is a great article about St. Pete's strong growth:

http://www.bizjournals.com/tampabay/news/2014/07/28/st-pete-recovering-from-recession-better-than.html

Marcadis Singer, PA

Florida Collection Attorney

5104 South Westshore Blvd.

Tampa, Florida 33611

info @ marcadislaw.com

(888) 547-1881

(813) 288-1881

New Clients 

Ext. 247 Gil Singer

Ext. 240 Ralph Marcadis

Existing Client Client Liaison

Ext. 242

To Pay a Claim

Ext.  245

http://www.marcadislaw.com

Ft. Lauderdale Debt Collection Attorney

Good Morning Ft. Lauderdale.

Marcadis Singer, PA are debt collection attorneys in Florida, and collect from debtors in the beautiful city of Ft. Lauderdale.

We Collect the Money You Are Owed.

Marcadis Singer, PA

Florida Collection Attorney

5104 South Westshore Blvd.

Tampa, Florida 33611

info @ marcadislaw.com

(888) 547-1881

(813) 288-1881

New Clients 

Ext. 247 Gil Singer

Ext. 240 Ralph Marcadis

Existing Client Client Liaison

Ext. 242

To Pay a Claim

Ext.  245

http://www.marcadislaw.com

Loans written off not paid off

Yesterday we spoke of the improving situation of American Consumer Debt.

Today we will speak to the one of the uglier sides of that story, from a debt collection attorney's perspective.

Debt per household declined, precipitously between 2009 and 2010.

graph is courtesy of neredwallet.com  and can be found at http://assets.nerdwallet.com/blog/wp-content/uploads/2014/03/average-credit-card-debt.png   

It would appear, however that this was not a result of sudden rationality on the part of the American consumer, but rather to a huge volume of loan write offs.  The charge rate, nationwide rose to almost 11% in 2010, as opposed to a norm of around 3%.

The debt collection lawyers of Marcadis Singer, PA have seen this happen clearly in our own efforts, with more and more, specifically credit card debt, being written off as opposed to driven to further collections.

Marcadis Singer, PA

Florida Debt Collection Attorney

5104 South Westshore Blvd.

Tampa, Florida 33611

info @ marcadislaw.com

(888) 547-1881

(813) 288-1881

New Clients 

Ext. 247 Gil Singer

Ext. 240 Ralph Marcadis

Existing Client Client Liaison

Ext. 242

To Pay a Claim

Ext.  245

The state of American Consumer Debt

Thank you nerdwallet for this great overview of the current state of American Consumer Debt.

It would appear that American consumers have become more conservative in their accumulation of debt.  Like all economic news, its a double edged sword.  Less spending slows down the economy overall, while less debt strengthens a families financial safety net.

The numbers are a bit skewed due to a small percentage of households being in a huge amount of debt, and a large number of households with no debt at all.

The average American household debt is just under $15,500.

U.S. household consumer debt profile:

• Average credit card debt: $15,480
• Average mortgage debt: $156,474
• Average student loan debt: $33,424

In total, American consumers owe:

• $11.74 trillion in debt
  • An increase of 5.% from last year
• $872.2 billion in credit card debt
• $8.24 trillion in mortgages
• $1,131.7 billion in student loans
• An increase of 14.2% from last year

	Total Credit Card Debt	Average Household Credit Card Debt	Average Indebted Household Debt
May 2014	$872.2 billion	$7,221	$15,480
Change from April	0.21%	0.14%	0.14%
Change from May 2013	1.83%	1.01%	1.01%
Change from April, annualized	2.46%	1.65%	1.65%

	March 31, 2010	December 30, 2012
Total revolving debt	$906.7 billion	$849.8 billion
Number of U.S. households	116,716,292	119,397,330*
Average credit card debt per household	$7,768	$7,117*
% of households with a credit card balance	43.2%	46.7%
Average credit card debt per indebted household	$17,630	$15,257

Marcadis Singer, PA

Florida Debt Collection Attorney

5104 South Westshore Blvd.

Tampa, Florida 33611

info @ marcadislaw.com

(888) 547-1881

(813) 288-1881

New Clients 

Ext. 247 Gil Singer

Ext. 240 Ralph Marcadis

Existing Client Client Liaison

Ext. 242

To Pay a Claim

Ext.  245

Tampa ranked #3 in Job opportunity, good news for positive outcomes in debt collection.

As debt collection attorneys in Florida we are very focussed on how Florida climbs out of the great recession, as it impacts our ability to collect the money that our clients are owed.

The Tampa Bay Business Journal reports that Tampa, our home town, ranks #3 nationwide as the best city to find a job in.

Miami came in at #30 out of 60

Jacksonville FL ranked 35.

Tampa was also ranked #8 out of 60 for how well the workforce is paid (factoring in cost of living) and #9  for industrial diversity.

Certainly Tampa took a beating during the recession, we were in the forefront of countless mortgage foreclosures, and record setting unemployment.  Tampanians however have a way of bouncing back, and that is good news for our clients.  We are in a better and better position to collect on the money they are owed throughout Florida.

Marcadis Singer, PA

Florida Debt Collection Attorney

5104 South Westshore Blvd.

Tampa, Florida 33611

info @ marcadislaw.com

(888) 547-1881

(813) 288-1881

New Clients 

Ext. 247 Gil Singer

Ext. 240 Ralph Marcadis

Existing Client Client Liaison

Ext. 242

To Pay a Claim

Ext.  245

Interest on Debt

A favorite old proverb

Interest on Debt, Grows without Rain.

Marcadis Singer, PA

Florida Debt Collection Attorney

5104 South Westshore Blvd.

Tampa, Florida 33611

info @ marcadislaw.com

(888) 547-1881

(813) 288-1881

New Clients 

Ext. 247 Gil Singer

Ext. 240 Ralph Marcadis

Existing Client Client Liaison

Ext. 242

To Pay a Claim

Ext.  245

http://www.marcadislaw.comhttp://www.marcadislaw.com