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Tag Archives: Credit Card Lawsuit

People Finding Success in Fighting Back Against Credit Card Lawsuits

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“All debt collection is under the microscope,” said Chris DeRitis, Ph.D., a consumer credit expert at Moody’s Analytics, a West Chester economic research and consulting firm. “A lot of this debt gets traded three, four or five times. It’s a messy business.” The issue has similarities to abuses in the foreclosure process that led to the 2010 “robo-signing” scandal, in ... Read More »

Credit Card Lawsuits Become Bigger Reality for Consumers

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In recent days stories out of New Jersey and California have both reveled that lawsuits by credit card companies are on the rise. The New Jersey story, stated there has been a 25% increase in case filed between 2007 and 2010. In California the courts in Santa Cruz Superior Court are dealing with historically high levels. The Mercury News story ... Read More »

Increase in Lawsuits Over Credit Card Debt Seen

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An article out of New Jersey has identified an increase in the number of credit card related lawsuits that have been filed in an effort to recover money owed to creditors. “Lawsuits to recover debts of between $3,000 and $15,000 increased 25 percent from the fiscal year ending June 30, 2007, to the year ending June 30, 2010, according to ... Read More »

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