Litigation – Tool Used to Collect Debt

Most of us have had some type of bad experience with debt collectors or know someone else who has.  I’ve shared in the past that consumers have legal rights against unlawful debt practices. You need to know your rights and how to use them in order for them to help you.

In its July 2010 report, “Repairing a Broken System,” the U.S. Federal Trade Commission said,  ”The system for resolving disputes about consumer debts is broken.”  While at one time, the telephone was the primary tool utilized by debt agencies, major industry debt buyers are now focusing on litigation and the justice system as means of collecting debts.  Using this systemic process, the collectors may skip consumer communication and proceed directly to litigation.

Remember, 80% of the judgments won are due to consumers not showing up.  You can now have legal representation for less than a penny a day.  Stop running or ignoring the summons and start defending yourself.  Ask me how you can get protected immediately.

3 Responses to “Litigation – Tool Used to Collect Debt”

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  1. Interesting and useful information. I just wanna tell U “Thanks”. Thanks!

  2. Nice post. I learn something more challenging on different blogs everyday. It will always be stimulating to read content from other writers and practice a little something from their store. I’d prefer to use some with the content on my blog whether you don’t mind. Natually I’ll give you a link on your web blog. Thanks for sharing.

  3. cbridges says:

    Thanks for the feedback.

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