By: Robert Nahoum Entrepreneur Client Sued By American Express We recently received a call from a prospective client who was being sued by American Express for an unpaid credit card. The client is an entrepreneur in an industry with drastic ups and downs. During a recent down time in her business, she fell behind on an account with American Express […]
Settling a Debt Case with American Express: A Success Story
Inflation, Debt and Credit Card Defaults: What You Need to Know
By: Robert Nahoum Inflation is on the rise, and it’s having a significant impact on consumers’ wallets. As prices for goods and services go up, people have less money to spare, which can lead to credit card defaults, which can lead to debt collection which can lead to debt collection lawsuit. If you’re struggling to make your credit card payments, […]
Are Debt Relief Companies a Scam?
By: Robert Nahoum Debt relief companies promise to help you get out of debt, but they can also be a scam. Here are some of the reasons why debt relief companies are often a scam: They make false promises. Debt relief companies often promise that they can get you out of debt quickly and easily, but there is no guarantee […]
What is an Underwater Car?
By: Robert J. Nahoum An underwater car is a car loan where the owner owes more on the loan than the car is worth. This can happen for a number of reasons, such as: Buying a car little to no down payment. Taking out a long-term car loan. Rapid depreciation of the car. Damage to the car. Why is Being […]
The Law Offices of Robert J. Nahoum Settles Judgment and Frozen Bank Account With American Express
By Robert J. Nahoum Joint Bank Account Restrained Introduction We recently received a call from a panicked prospective client who was notified by her bank that a checking account she held jointly with her daughter had been restrained. She was anxious, embarrassed and confused about what was happening and what if anything she could do about it. The Client’s […]
The Law Offices of Robert J. Nahoum Helps Client Settle Judgment With Capital One Bank
By: Robert J. Nahoum Old Judgment Weighing Down Our Clients At The Law Offices of Robert J. Nahoum, many clients come to as part of a wider effort to rebuild their financial security. For one reason or another, people go through dark financial times and end up with default judgments against them. All the while accruing interest, these judgments get […]
The Law Offices of Robert J. Nahoum Settles Client’s Judgment With Discover Bank
By: Robert J. Nahoum Client Discovered Judgment At The Law Offices of Robert J. Nahoum, our clients cover every demographic of society rich, working class, middle class, blue collar and white collar. Â It is often assumed that those with debt collection problems are always people struggling with money. However, this is not always the case as we were recently reminded. […]
CFPB Issues Eye-Opening Report On The Use of High Cost Credit Cards to Pay for Medical Bills
The federal Consumer Financial Protection Bureau (CFPB) has issued an eye-opening report on the use of high cost credit cards to pay for medical and dental costs not covered by patients insurance. Here is what the CFPB had to say: WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) published a report on high-cost specialty financial products, such as medical […]
Know Your Rights, What To Do About A New York Debt Collection Lawsuit
By: Robert J. Nahoum Debt collection lawsuits can be intimidating and overwhelming, especially if you’re not sure what your rights are or what steps to take. If you live in New York and are facing a debt collection lawsuit, it’s important to know that you have legal rights and options. In this blog, we’ll discuss what you need to know […]
Why a Debt Settlement Plan Will Not Resolve a New York Debt Collection Lawsuit
By: Robert J. Nahoum If you are facing a debt collection lawsuit in New York, you may be wondering if a debt settlement plan is a viable option. Unfortunately, the answer is no. Debt settlement plans are not effective in resolving debt collection lawsuits in New York. Here are some reasons why: Debt settlement plans generally require you to stop […]