Collections & Credit Risk - New Report Examines Debt Collection Abuses - PaymentsSource Article From the article: During an 18-month period from 2006-2008, debt buyers extracted $1.1 billion in judgments against New Yorkers, the vast majority of whom lived in low-income communities and communities of color. The report also documents a strikingly uneven playing field, in which only 1% of people sued had an attorney representing them. ... â??Many of these lawsuits never should have been brought in the first place,â? said Claudia Wilner, Senior Staff Attorney at NEDAP. â??Debt buyers routinely file frivolous lawsuits even though they have no evidence to prove that the debts are owed.â?
In N.Y. the exempt income protection act prevents debt collectors from freezing bank accounts of debtors.I don't know how many people know this in N.Y. Low income debtors wages can't have their wages garnished.This article fails to state these facts.I don't know why they left out these facts.
