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Debt Collector and Debt Buyer
Debt Collector and Debt Buyer - Trends
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A reader of this blog pointed me to this article on using computers to flood the courts with debt-collection lawsuits. As the economic system collapses, I suspect we’ll see more and more of this tactic from the least productive members of society. via NYTimes.com . As millions of Americans have fallen behind on paying their bills, debt collection law firms have been clogging courtrooms with lawsuits seeking repayment. Few have been as prolific as Cohen & Slamowitz, a Woodbury, N.Y., firm that has specialized in debt collection for nearly two decades. The firm has been filing roughly 80,000 lawsuits a year. With just 14 ...
Day-to-day more and more people will be struggling with our downward spiraling economy. Experts estimate that we will be in this economic crisis for many years to come. As individuals try to pay bills, they need to be dependent more on credit to make up for lost pay and mounting costs. Eventually they get to the breaking point where they can no longer manage to make those high interest minimal payments. Lots of people finally end up calling the credit card companies directly hoping that they’ll recognize the person’s circumstances and help this faithful consumer who has up ... Read More
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Debt Buyer Lawsuit - What Happens In Jefferson Co, Alabama On Day Of Trial
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