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Credit Cards.com
November 12, 2012

Study: Consumer credit problems easing: Analysis finds first drop in consumer credit lawsuits since financial crisis
By Fred Williams

A Nov. 6 report released by the Transactional Records Access Clearinghouse (TRAC) at Syracuse University covered federal court lawsuits that involve bad debts, credit reporting, loan costs, telemarketing and other consumer issues. For the federal fiscal year that ended in September, such lawsuits totaled 9,273 filings, down about 6 percent from 9,826 in fiscal 2011, TRAC co-director Susan Long said. In pre-crisis 2007, the number of consumer credit lawsuits was 3,211. "It's certainly dropped, but it is by no means back to where we were," Long said.

Transactional Records Access Clearinghouse, Syracuse University
Copyright 2012
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