Debt Buyer Razor Capital, LLC Filed 1,575 New York Debt Collection Cases In 2014
- February 9, 2015
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By: Robert J. Nahoum
Razor Capital LLC is an notorious “debt buyer”, buying up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone companies and car companies for pennies on the dollar.
According to the New York State Unified Court System, Razor Capital filed more than 1,500 New York debt collection lawsuits in 2014 alone. Debt collection cases like these are most often brought in New York’s civil, city and small claims courts.
You may be asking – “having filed this many cases in New York alone, how can Razor Capital be sure I owe them money?” The simple answer is they can’t. To Razor Capital you are little more than an entry on a spreadsheet, you are data.
In a debt collection lawsuit, Razor Capital must prove that you are responsible for the debt. To meet this burden, Razor Capital must prove that: (1) it has the right to sue you; (2) that debt is yours; and (3) you owe the amount they sued you for.
Razor Capital, LLC is a located at 8000 Norman Center Drive, Bloomington, Minnesota, 55437.
Razor Capital is an accused notorious violator of federal debt collection laws known as the Fair Debt Collection Practices Act (FDCPA) and is sued regularly by consumers for these violations. The FDCPA is a federal law that regulates the collection of consumer debts. It precludes third party debt collectors from using false, misleading, deceptive and harassing debt collection tactics.
If you need help settling or defending a debt collection law suit, stopping harassing debt collectors or suing a debt collector, contact us today to see what we can do for you. With office located in the Bronx, Brooklyn and Rockland County, the Law Offices of Robert J. Nahoum defends consumers in debt collection cases throughout the Tristate area including New Jersey.
The Law Offices of Robert J. Nahoum, P.C