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Entries Tagged as 'Late Pays'

Lawsuits Against Creditors Reach Record Levels

August 19th, 2009 · 2 Comments · Consumer Debt, I'm suing those guys!, Legal Stuff, Mortgages

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 [...]

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Overdue Consumer Debts Highest Since 1992, ABA Says

April 3rd, 2008 · No Comments · Consumer Debt

Overdue Consumer Debts Highest Since 1992, ABA Says (Update2)
By Hugh Son
April 3 (Bloomberg) — Consumers fell behind on car, credit-card and home-equity loans at the highest level in 15 years, another sign the U.S. economy is slowing, according to the American Bankers Association’s quarterly survey.
Payments at least 30 days past due increased across all eight [...]

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