The Financial Invisibles Report™, a Unifund collaboration, examines how the general population uses credit and pays bills. It aims to shed light on financial invisibles by diving into several issues, including how they handle bill payments and use credit products, and the impact traumatic events have on their financial stability.
KEY FINDINGS INCLUDE:
- 81 percent of consumers say their financial situation has remained stable or improved since last year
- 41 percent of consumers were contacted about credit card debt in Q2 2018
- 34 percent of consumers do not have bank accounts because they do not trust banks