Statistic |
Data |
Total Consumer Debt in the US |
$14.64 trillion |
Percentage of Americans with Debt |
80% |
Number of Debt Collection Agencies in the US |
6,000 |
These statistics highlight the widespread nature of consumer debt in the US and the importance of having trained professionals who can effectively assist individuals in financial hardship. By completing the Level 3 Award in Dealing with Consumer Debtors in Financial Hardship, professionals can develop the skills needed to navigate the complexities of debt collection and provide much-needed support to those in need.
In conclusion, the Level 3 Award in Dealing with Consumer Debtors in Financial Hardship is a valuable qualification that can unlock the potential of professionals to make a positive impact in the lives of individuals facing financial difficulties. By gaining a deeper understanding of consumer debt and financial hardship, professionals can provide the support and guidance needed to help individuals overcome their challenges and achieve financial stability.
(Source: Debt.org)