Debtors Or Debt Collectors: Who Is Suing Who Now?
Its a fact that Americans with debts that are overdue will generally be subject to a number of retributions. Collection letters, phone calls, unfavorable credit scores and a chance to wind up in court are examples of punishments for non-compliance.
The Collections Industry- Current Trends
Despite the fact that we are in the middle of a recession, many collection agencies are aiming to hire new trainees. According to a recent survey, over 55 percent of bill collection companies have plans to hire more staff in the first half of this year.
Massachusetts Hardens Rules For Small Claims Collection Lawsuits
The Massachusetts Supreme Judicial Court revealed last week that it has amended some of the rules governing the use of small claims courts. The Court said that the changes were formed specifically to address the amount of debt collection cases that are filed in small claims courts.