Wolves at the Door: Consumers Lose As Collection Firms Take to the Courts
The Journal Record › December 22, 2010
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Summary
Debt-laden consumers are now being forced rapidly into court by collection firms as the U.S. debt collection industry increases its use of litigation as a debt collection tool.
Legal experts say the practice is widespread and it's growing.See the full content of this document
Extract
Wolves at the Door: Consumers Lose As Collection Firms Take to the Courts
According to a report by the U.S. Federal Trade Commission, the system for resolving consumer debts is broken and major industry debt buyers - using data-driven debt processing tools - are now focusing on litigation and the justice system as means of collecting those debts.
This system, attorneys said, lets th...See the full content of this document
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