According to data from U.S. district courts there were an estimated 417 lawsuits filed against collection agencies and creditors in the first half of March 2011. In the second half of the month, the number rose to 515. Year-to-date there have been approximately 3185 total lawsuits filed…WOW!
At Ropay Asset Investors it is our goal to be part of the solution and not part of the problem. That being said, before we use any collection agency we make sure they follow the guidelines set-forth by the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA).