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 'Late Pays'
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
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 [...]
Tags: Car Loans·consumers·Credit card debt·Home Equity Loans·Late Pays·Loans
