Here. Funny how whenever someone argues for creation of a private claim for consumers, you hear opponents complain that the private claims will flood the courts but you never hear anyone say that these debt cases are flooding the courts. I wonder how much taxpayers are contributing to debt collection at this point.
Out of the last 200 civil cases filed in my local judicial district, 83 were for debt collection. The majority of these (probably all of them) involved debts based on agreements that contained mandatory arbitration provisions. So, if any one of the debtors retained counsel and filed a counterclaim, the plaintiff (usually a debt-buyer) would then move to compel arbitration. It is remarkable that these companies tout arbitration as a “quick and effecient” means of dispute resolution. The truth is that they prefer to go to court when they want relief for themselves. They only use arbitration as a shield when their customers seek relief against them.