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Released every month our debt collection blog contains news, stories and tips to keep you informed.

Debt collection and legal action in the US

Thursday, May 23, 2013 - Posted by Philip Harvey

It is alleged that between January 2008 and April 2011 JP Morgan filed over 100,000 law suits against credit card holders, and on one day alone it filed 469 cases. It is alleged the bank was using the legal system as a "mill"  to obtain default judgments and garnishee wages. The bank is being accused of not checking the accuracy or reliability. The state of California is attempting to cease the practices and provide recourse for affected borrowers.

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