4 Year Statute of Limitations on Store Branded Credit Cards in New Jersey

By: Robert J. Nahoum As reported by the New Jersey Law Journal, a three-judge Appellate Division panel ruled that “credit cards issued for a specific retailer are governed by N.J.S.A. 12A:20-725, which deals with the sale of good, rather than N.J.S.A. 2A:14-1, which governs most contractual claims and has a six-year statute of limitations. ‘[W]e hold that the claims arising […]

Sued By Colorado Capital Investments In New York or New Jersey?

By: Robert J. Nahoum THE PROBLEM: You have just been served was a summons and complaint.  Colorado Capital Investments is suing you for an old debt. WHO IS COLORADO CAPITAL INVESTMENTS?: Colorado Capital Investments is an infamous “debt buyerâ€, buying up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone companies and car companies for pennies […]

Sued By Platinum Financial Services In New York or New Jersey?

By: Robert J. Nahoum THE PROBLEM: You have just been served was a summons and complaint.  Platinum Financial Services is suing you for an old debt. WHO IS PLATINUM FINANCIAL SERVICES? Platinum Financial Services is an infamous “debt buyerâ€, buying up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone companies and car companies for pennies […]

Sued By Platinum Recovery Services In New York or New Jersey?

By: Robert J. Nahoum THE PROBLEM: You have just been served was a summons and complaint.  Platinum Recovery Services, LLC is suing you for an old debt. WHO IS PLATINUM RECOVERY SERVICES, LLC?: Platinum Recovery Services, LLC is an infamous “debt buyerâ€, buying up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone companies and car […]