Categories: Uncategorized

Update on Debt Buyer Collection Lawsuits in Indiana – Other Courthouse Trends Noted

I just wanted to post a short note on trends that I have seen filed against consumers in Indiana this year. Since I last visited the topic, in August 2014, there seems to have been a slight decrease in the number of collection lawsuits brought in Indiana. I think that is partially due to an improved economy, and it is partially due to the fact that consumers cut way back in their credit card borrowing during the recession. There has been a corresponding rise in student loan lawsuits. New mortgage foreclosure suits seem to be way down; but on the other hand, lenders seem to be more reluctant to negotiate mortgage modifications in the lawsuits that are filed. This is especially true in cases where the loan was sold to private equity fund like LSF9 Master Participation Trust (serviced by Caliber Home Loans). A troubling trend is lawsuits to collect deficiencies on automobile loans after repossession. If you are looking for an Indiana consumer lawyer, or if you are sued anywhere in Indiana on a collection case, a repossession case, a foreclosure case, or if you have a new collector or attorney trying to collecto on an old judgment, please call my office at 317-662-4529. Below are some companies that frequently file against Indiana consumers: Midland Funding Arrow Financial Services Asset Acceptance LVNV Funding LLC American Acceptance Atlantic Credit & Finance Credit Max CACH, LLC RAB Performance Recovery NCO Financial Unifund Patriot Recovery LLC Portfolio Recovery
doublehlaw

Share
Published by
doublehlaw

Recent Posts

False Promises in the Residential Solar Power Industry

Welcome to Hofer Hagan LLP’s first blog post about the residential solar power industry. We…

2 months ago

Keith Hagan featured on RTV6 expose about Dead Debt Collectors

Journalist Kara Kenney and RTV6 reported today on the nationwide class action filed by Hagan…

3 years ago

Coalition of State Attorneys General Call for Pink Energy’s Lenders to Suspend Payment Obligations

 I am quite frankly amazed that the attorneys general in the 9 most afflicted states…

4 years ago

Prisoner’s Dilemma and Debt Negotiation

 I love having a partner (Keith Hagan) who an expert in game theory.  We have…

4 years ago

Indiana Law Firm Hofer Hagan LLP is beginning work on Pink Energy / PowerHome Solar cases

 We are in the early stage of working up a number of  Pink Energy solar…

4 years ago

Hyundai is jumping the shark over its response to the auto theft scandal

 Hyundai has been under intensive heat after youtube posts showed how easy it is to…

4 years ago