What is a Credit Card Charge Off?

By: Robert J. Nahoum THE PROBLEM: You’ve come home to find legal papers taped to your door.  A closer look reveals that the legal papers are a debt collection summons and complaint – you are being sued you for an old debt.  You are terribly confused because you know this debt has been charged off by the bank years before.  […]

How to Tell the Legitimate Debt Collectors from the Frauds

By: Robert J. Nahoum Anyone who has ever dealt with a debt collectors knows how invasive and annoying they can be.  The phone rings incessantly and the letters in the mail never seem to stop.  Sometimes debt collectors cross the line between aggressive debt collection and harassment. When they do cross that line, Federal consumer protection laws step in to […]