President and Founder of Credit Counsel, Inc.

Chris Mihoulides has been in the debt collection industry for over 20 years. He was born in Long Island, New York, and then moved to Miami to attend St. Thomas University to earn his business degree. During this time he was a participating member of the Men’s Tennis Roster. In 1997 Chris founded Credit Counsel, Inc., where as President, he personally handles all large debt collection matters.

Chris is a driven and skilled professional in the debt collection industry and has negotiated more than $500 million in business transactions. He expertly creates customized strategies to meet client needs with a strong analytical capacity and organizational skills. His 20+ years of business experience equips him to solve problems and negotiate transactions between companies in hundreds of industries in every region of the world. He knows the inner workings of large corporations, small mom & pop companies, and everything in between.

Chris is an avid follower of sports being a fan of the New York Yankees, Pittsburgh Steelers, and Florida Panthers.

Credit Counsel, Inc. 

Health Survey Shows Decline in Consumers Having Trouble With Medical Bills

Data from the first six months of this year show a decrease in the percentage of consumers having problems paying medical bills, according to the Centers for Disease Control and Prevention National Center for Health Statistics.

Overall, the percentage of consumers under age 65 in families having problems paying medical bills declined from 21.3 percent (56.5 million) in 2011 to 16.2 percent (43.8 million) in the first half of this year, according to the survey.

Changes in the insured rate also occurred during this time period. In the first six months of 2016, 28.1 million persons under age 65 were uninsured at the time of interview—17.8 million fewer persons than in 2011 (17.3 percent) but only 0.3 million fewer persons than in 2015.
http://bit.ly/2g7FnyV

Credit Cards, Auto and Student Loans Cause ‘Modest’ Increase in Household Debt

Total household debt reported by the Federal Reserve Bank of New York increased slightly in the third quarter this year, influenced by an uptick in credit card, student loan and auto loan balances while mortgage balances declined.

The Quarterly Report on Household Debt and Credit is based on data from the Fed’s Consumer Credit Panel, which includes a group of individual and household debt and credit reports from anonymized Equifax data.

Overall, total household debt increased “modestly” by 0.5 percent, or $63 billion, to $12.35 trillion in the third quarter, according to a news release from the Fed.

Credit card balances increased 2.5 percent, or by $18 billion, to $747 billion and student loans increased 1.6 percent, by $20 billion, to $1.28 trillion. Auto loan balances increased the most among non-housing debt by 2.9 percent, or $32 billion, to $1.14 trillion, according to the report.

http://nyfed.org/2gu3S9C