Charged-Off Debt Dropped to Lowest Levels Since 2013

Michael FlockUncategorized Leave a Comment

A recent look at purchases by public U.S. debt buyers confirms that sale volumes for charged-off debt dropped sharply in Q2 2020 to their lowest level since 2013. We attribute this to the impact of COVID on the volume of consumer debt originated by traditional U.S. credit providers (i.e. sellers) as well as what we think may turn out to be a temporary rehabilitation of U.S. consumers during the recent period of collection reprieves and U.S. government fiscal stimulus packages.

Total North American Deployments

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PRA Group, Inc. – U.S. Domestic Portfolio Purchases

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