A new study shows that a whopping 77 million Americans has debt that’s listed on their credit report as being “in collections.”  That’s 35% of adults who have credit files.  And this debt is spread around all over the country, even though a higher percentage of it is in the South. The student was released by the nonprofit Urban Institute.

So if you have bad debt on your credit report, you’re not alone.  Millions of Americans have the same problem.  The difference boils down to, can you do anything about it? Is bankruptcy or debt settlement right for you?

Whether you can (or should) start the ball rolling toward a clean bill of health for your credit depends on your particular situation. You can keep on spinning your wheels, wondering what to do about your debt, or you can call a competent consumer debt attorney and find out exactly where you stand.

Call consumer debt attorney Jennifer N. Weil, Esq. at (201) 676-0722.