WebRecon Predicts Spike in Lawsuits

An estimated 409 different collection agencies and creditors were sued in the first half of September, down from an estimated 534 in the second half of August and 426 in the first half of August, according to data from U.S. District Courts.

Of those cases, there were approximately 432 unique plaintiffs, according to WebRecon LLC, a Grand Rapids, Mich., research firm that compiles filing data from courts.

Between Sept 1 and Sept. 15, consumers filed 390 Fair Debt Collection Practices Act and 59 Fair Credit Reporting Act lawsuits.

Year-to-date, plaintiffs have filed 8,114 lawsuits, including 7,600 FDCPA cases and 889 FCRA cases.

Jack Gordon, WebRecon's chief executive, predicts that FDCPA lawsuits will spike this year to nearly 12,000, up from the record 8,287 in 2009.

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