Why Default Judgments Are the Collection Industry’s Business Model

Debt buyers win the overwhelming majority of their lawsuits the same way: nobody shows up. File enough cases, and defaults become a production line. T…

Debt buyers win the overwhelming majority of their lawsuits the same way: nobody shows up. File enough cases, and defaults become a production line. The moment you file an answer — one form, one fee waiver if you qualify — you exit the production line and become a cost center.

Cost centers get settled or dismissed.

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Author: timothymccandless

I have spent most of my professional life helping people who were being taken advantage of by systems they did not fully understand.

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