Total Bankruptcy Filings Drop in 2014

U.S. bankruptcy filings totaled 910,090 in 2014, a 12% drop from the 1,032,572 filings in 2013, according to data from American Bankruptcy Institute, provided by Epiq Systems Inc. Collection & Credit Risk

By |2015-01-06T22:26:48-06:00January 6th, 2015|FDCPA|Comments Off on Total Bankruptcy Filings Drop in 2014

Collection Lawsuits, Industry Complaints Drop in November

Fair Debt Collection Practices Act lawsuits dropped to a more typical 713 cases (including 66 class action cases) filed in November after a spike to more than 900 in October. Fair Credit Reporting Act lawsuits decreased to 173 (including 14 class action cases) in November from more than 225 a month earlier. Collection & Credit [...]

By |2014-12-29T20:18:00-06:00December 29th, 2014|FCRA|Comments Off on Collection Lawsuits, Industry Complaints Drop in November

Key Credit Index Slips on Sharp Service Sector Drop

Dollar collections dropped and the amount of credit extended also slipped. Accounts placed for collection fell as well, a sign more creditors are falling too far behind to ignore, sparking more collection activity. Collections - Other Consumer

By |2014-07-02T02:59:07-05:00July 2nd, 2014|FDCPA|Comments Off on Key Credit Index Slips on Sharp Service Sector Drop

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