Consumers Are Targets of Skyrocketing Numbers of Debt Collection Suits, Most By Debt Buyers

Consumers in New York City are faced with unprecedented numbers of debt collection suits, according to a new study by the Urban Justice Center (UJC), a provider of free legal services to low-income working poor New Yorkers. The study’s results are shocking. In 2006 alone, debt collectors tried to collect nearly $1 billion from New York City consumers, and got judgments for about $800 million–an 80% success rate. Most of those suits are filed by debt buyers–not the original creditors–and about four out of every five of those suits result in default judgments for the debt collector, in which the...

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