The Federal Trade Commission Publishes Statements on the Debt Buying Industry Including a List of Banned Debt Collectors

By: Robert J. Nahoum In a blog post, the Federal Trade Commission published important statements about the debt buying industry and its efforts to self-regulate including a list of 75 debt buyers banned from participating in the debt collection industry.  Below is a reprint of the post prepared by Reilly Dolan, the FTC’s Associate Director, Division of Financial Practices . “Last year the FTC […]

The Ripple Effect of a Default Judgment

By: Robert J. Nahoum Debt collection lawyers’ bread and butter are default judgments because they are the quickest and easiest way to hang up consumers for old debts.  The fastest way to a default judgment is when the consumer fails answer the complaint.  If you are unaware that you have been sued, the debt collector can have a default judgment […]

Debt Collection Law-Firm Eltman, Eltman and Cooper, PC Has Been Growing

By: Robert J. Nahoum Infamous debt collection law firm Eltman, Eltman and Cooper, PC started as a local New York debt collection mill but have been rapidly growing.  According to their website, Eltman, Eltman and Cooper is now collecting debts in California, Florida, Georgia, Kentucky, Michigan, New Jersey, New York, Ohio, Pennsylvania, Tennessee and Texas. Eltman, Eltman and Cooper began […]