RJM, CACH, Asset Acceptance, LVNV Funding And Other Zombie Debt Collectors Jamming Civil Courts

RJM, CACH, Asset Acceptance, and LVNV Funding collection agencies are well known to victimized consumers and consumer attorneys. What is now becoming clear to the media, however, is the scale of their actions.

In Chicago, for example, more than 119,000 civil lawsuits against alleged debtors are clogging courtrooms, and at least half will result in judgments that debt collectors will use to dock wages, seize bank accounts and file liens against homes, compounding the woes of troubled borrowers.

But because debt collectors operate on volume, pushing through lawsuits based on little more than lists of names, addresses and alleged amounts due, there are also plenty of instances of mistaken identities, cases where debts are alleged when the bills have been paid and even situations where people have fallen behind and tried to work out repayments only to be hauled in to court.

More...