For the first half of the month of March lawsuits filed against collection agencies are up in comparison to February and the year ago March period.
According to research firm WebRecon, LLC, there were increases reported in every category. An estimated 717 different collection agencies and creditors were sued.
Here are the years totals thus far with comparisons to 2011:
Year-to-Date Fair Debt Collection Practices Act: 2,144 in 2012; 2,138 in 2011
Year-to-Date Fair Credit Reporting Act: 524 in 2012; 242 in 2011
Year-to-Date Telephone Consumer Protection Act: 194 in 2012; 126 in 2011
Year-to-Date Truth In Lending Act: 203 in 2012; 294 in 2011
Amazingly, not only is our collection agency never named in any of the lawsuits, but CFS II continues to receive countless testimonials from our customer debtors.
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