Around 70% of Debt Lawsuits End in Default Judgments as Collectors Flood Courts

A report from the Pew Charitable Trusts reveals that around 70% of debt lawsuits result in default judgments, often due to borrowers not appearing in court. The number of such cases has risen sharply since the pandemic, with Missouri seeing a near-tripling of filings between 2019 and 2025.

By Kit Pulliam Mon, July 20, 2026 at 4:00 PM GMT+3 5 min read · Yahoo Finance ·

Around 70% of Debt Lawsuits End in Default Judgments as Collectors Flood Courts

Topics: consumer rights credit card debt debt lawsuits

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