Since the economic downturn began in the U.S. in 2008, the fortunes of ARM companies have largely mirrored the broader business environment. Debt collection agencies are particularly susceptible to high unemployment, inflated consumer bankruptcies, and plummeting housing pricing. Combined with a general tightening of credit standards, the ARM industry is more tied to macroeconomic trends than ever before.
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Claims for Unemployment Benefits Reach a 26-Year High
11 December 2008
Credit Card Debt and Delinquencies Increase in Third Quarter: TransUnion
11 December 2008
November Foreclosures Decrease 7 Percent from Last Month; Increase 28 Percent from Last Year
11 December 2008
U.S. Debt Settlement Celebrates Five-Year Anniversary
8 December 2008
Big 3 Automakers Begging for $34 billion; Congress Eyeing $15 billion
8 December 2008
Consumer Credit Drops $3.5 billion in October
8 December 2008
TransUnion.com: Mortgage Delinquency Rates Rise for Seventh Straight Quarter
8 December 2008
Bad Credit on the Rise
5 December 2008
U.S. Lost 533,000 Jobs in November; Unemployment Rate 6.7%
5 December 2008
Fed Helps AIG Take Risky Loans Off its Balance Sheet
4 December 2008
Capital One to Acquire Chevy Chase Bank for $520 million
4 December 2008
Americans Want More Regulation for Banks: Harris Poll
3 December 2008
Strong Start to the Holiday Shopping Season. A Good Sign for Recoveries?
3 December 2008
Debt Settlement Association Pushing for Regulation, Standardization
3 December 2008
Survey Finds Credit Cards Still Have Lure for More Than 12 Million Americans
3 December 2008
Recession Declared ?Official?, Began in December 2007
2 December 2008
VWA Sees 30 Percent Increase in Third Party Collections in Past Two Months
2 December 2008
Delta Community Credit Union Selects Online Resources for Billpay
1 December 2008
Unexpected Increase in Mortgage Applications
26 November 2008
Government to Spend $200 billion to Unclog Consumer Lending Market
26 November 2008