As of July 31, 2009, 5039 credit and debt related lawsuits across the USA haved been filed. In 2008, breaking the 5000 level took until October. The basis of these lawsuits were violations of the Fair Credit Reporting Act (FCRA) and Fair Debt Collections Practices Act FDCPA. The number includes lawsuits filed consumers [...]
Entries Tagged as 'collection'
Lawsuits Against Creditors Reach Record Levels
August 19th, 2009 · 2 Comments · Consumer Debt, I'm suing those guys!, Legal Stuff, Mortgages
Tags: Attorney General's office·collection·Consumer Law·consumer lawsuits·Daniel A. Edelman·FCRA·FDCPA·Late Pays·litigants·violations
Debt Collection From the Dead: Not-So-Proud New Frontier
March 4th, 2009 · 3 Comments · Banking, Consumer Debt, Credit Cards, Debt Collection
The credit industry has discovered a new goldmine: collecting debt from the dead. With multitudes of Americans falling farther and farther behind with their mortages, credit card payments, and bills for bare essential living items like electricity and water, the credit industry has begun to turn more attention to the recently departed, who apparently have been a long-marginalized collection demographic.
Tags: collection·collection from the dead·DCM Services·debt·Debt Collection·deceased·LinkedIn
