Debt Lawsuits

Many factors have lead to the increase in lawsuits to collect debt across the United States. First, consumers stopped answering their phone to resolve debts. Next, computerization made it cheaper for large law firms to file lawsuits en mass for debt buyers and creditors. And finally, a large and healthy seconday markets driven by Wall Street has emerged to purchase judgments and monetize them. All these factor combined in a whirlwind intensifying the pace at which consumers are sued.