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Consumer Law

: Caveat Emptor

Collectors hurt by recession as consumers walk away from unpaid bills

By Sam Glover

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?This situation lets people in on a dirty little secret for a lot of firms, especially on the service side. Their collections efforts are really a bluff. They really aren?t going to pursue their borrowers very hard,? [David] Vang said. ?When people see that, their morals adjust. I think this could snowball.? Collectors hurt by recession [...]

Full post as published by Caveat Emptor on December 12, 2008 (boomark / email).

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