By: Robert J. Nahoum Identity theft is a serious crime that can have a devastating impact on your financial and personal life. If you think you may be a victim of identity theft, it is important to take action immediately to protect yourself. Here are some steps you can take if you are the victim of identity theft: Place a […]
What To Do If You Are The Victim Of Identity Theft
SoFi Lending Corp Agrees to Dismiss Debt Collection Lawsuit Due to Identity Theft
By: Robert J. Nahoum Our client discovered that he was the victim of widespread identity theft. Among the debts taken out in his name was a loan from the high-interest rate lender Sofi Lending Corp. Sofi sued our client in the Supreme Court of the State of New York, Nassau County. After consulting with our firm, we were retained and […]
What to Do If You Have Been Sued by a Debt Collector in a New York Debt Collection Lawsuit
By: Robert J. Nahoum Being sued by a debt collector can be a stressful and overwhelming experience. If you are facing this situation, it is important to know your rights and what steps you need to take to protect yourself. What to do when you are served with a summons and complaint The first thing you should do if you […]
How the Federal Truth in Lending Act Protects Car Buyers
By: Robert J. Nahoum The Federal Truth in Lending Act (TILA) is a federal law that was enacted in 1968 to protect consumers from unfair and deceptive lending practices. TILA applies to a wide range of consumer credit transactions, including car loans. One of the key provisions of TILA is the requirement that lenders disclose certain information to borrowers before […]
Bankruptcy Is Not Always Your Only Way Out of Debt
By: Robert J. Nahoum THE PROBLEM: Post Covid, rising inflation and a tricky jobs market have all left you behind on debt. Perhaps you lost your job during Covid and relied on your credit cards to get you through. Now rising inflation has made everything more expensive including your credit card bills and you just can’t catch up.  Most Google […]
Abrahamsen Gindin LLC Acquires Embattled Debt Collection Mill Forster & Garbus
By: Robert J. Nahoum Pennsylvania based creditors’ rights law firm Abrahamsen Gindin LLC is dipping its toe into the New York State debt collection market with the announcement of its purchase of embattled debt collection mill Forster & Garbus. The announcement comes on the heels of a settlement between the federal Consumer Financial Protection Bureau and Forster & Garbus in […]
The Current Status of Medical Debt Credit Reporting
By: Robert J. Nahoum On April 11, 2023, the three major credit reporting agencies, Equifax, Experian, and TransUnion, (the CRAs) announced that that medical debt with an initial reported balance of under $500 has been removed from U.S. consumer credit reports. Â This announcement comes after a 2020 file issued by the, the Consumer Financial Protection Bureau (CFPB) requiring credit reporting […]
New York State’s New 3-year Statute of Limitations on Consumer Debt
By: Robert J. Nahoum In New York State, there has been a recent change to the statute of limitations for consumer debt collection lawsuits. This change will have a significant impact on both consumers and debt collectors in the state. Prior to the change, the statute of limitations for consumer debt collection lawsuits in New York was up to six […]
How Signing An Auto Sales Contract May Allow an Auto Dealer to Get Away with Fraud
By: Robert J. Nahoum THE PROBLEM You’ve decided to take buy a new car. Like most people, you don’t have enough cash on hand to buy the car outright so you are planning to finance the purchase of your new car. You get to the dealership, find the car you want and negotiate a price. You step into the finance […]
Are Rideshare Cars Like Uber and Lyft Protected by the Truth in Lending Act?
By: Robert J. Nahoum THE PROBLEM You’ve decided to take the plunge and buy a new car to be used as a Rideshare like Uber and Lyft. Like most people, you don’t have enough cash on hand to buy the car outright so you are planning to finance the purchase of your new car. You get to the car dealership, […]