Four Smart Tips For Disputing Credit Report Errors By: Robert J. Nahoum A Federal Trade Commission study of the U.S. credit reporting industry concluded that 25% of consumers had errors on one of their three major credit reports. With 322,583,006 people in America that means that more than 80 million Americans have errors on their reports. Common errors found in […]
Four Smart Tips For Disputing Credit Report Errors
A Smart Tip For Monitoring Your Credit For Free
By: Robert J. Nahoum A Federal Trade Commission study of the U.S. credit reporting industry concluded that 25% of consumers had errors on one of their three major credit reports. With 322,583,006 people in America that means that more than 80 million Americans have errors on their reports. Common errors found in credit reports include: Outdated information (usually older than […]
How to Answer an Information Subpoena
By: Robert J. Nahoum You come home to find a notice from the post office that you have certified mail waiting for you. You retrieve the certified mail, open the envelope and find a court document called an “Information Subpoenaâ€. As it turns out, you have a default judgment entered against you for an old debt. The law allows judgment […]
Are Debt Collectors In New York Required To Communicate In Spanish?
By: Robert J. Nahoum THE PROBLEM: With more than 37 million people in the Unites Stated speaking Spanish, it has become the most commonly spoken non-English language in the United States. The number of Spanish speakers up 233% since 1980 making Spanish speaking in the U.S. the fastest growing language used. Â In fact, the United States is now the fifth […]
What is “Chain of Title” in a Debt Buyer Debt Collection Case?
By: Robert J. Nahoum Consumers sued in debt collection cases often find themselves up against companies they have never heard of. Names like Midland Funding, LVNV Funding, CACH LLC, New Century Financial Services, Portfolio Recovery Associates, Unifund and Calvary Portfolio Services. The reason you’ve never heard of these companies is because, while you’ve never done business with them, they’re doing […]
What is the Equal Credit Opportunity Act?
By: Robert J. Nahoum THE PROBLEM: The use of consumer credit is everywhere in our society. People use credit and incur debt to pay for cars, homes, education and for every day needs. With such widespread use of credit, the United States Congress recognized that consumers seeking credit needed to be protected from discrimination on the basis of race, color, […]
Why Original Creditors Won’t Talk to You About Your Debt?
By: Robert J. Nahoum Consumers sued in debt collection cases often find themselves up against companies they have never heard of. Names like Midland Funding, LVNV Funding, CACH LLC, New Century Financial Services, Portfolio Recovery Associates, Unifund and Calvary Portfolio Services. The reason you’ve never heard of these companies is because, while you’ve never done business with them, they’re doing […]
What is a Class Action Consumer Lawsuit?
By: Robert J. Nahoum Consumer lawyers are, as the name implies, lawyers who focus their practices on consumer issues. What are consumer issues? Consumer issues are those legal issues that arise when regular people (as opposed to businesses) go out into the market place to buy goods or services. For example – buying a car, getting a mortgage to buy […]
What is a Traverse Hearing in a Debt Collection Case?
By: Robert J. Nahoum THE PROBLEM: You were surprised to learn that your bank account had been frozen or your wages had been garnisheed due to a default judgment entered against so you quickly filed an order to show cause to vacate the default judgment arguing that you were never served with the papers. Â Now, the judge has ordered […]
What Does With and Without Prejudice Mean in a Debt Collection Lawsuit?
By: Robert J. Nahoum “Stipulations†are written agreements between parties to a lawsuit. You can stipulate to almost anything. The most common types of stipulations are stipulations of adjournment (postponing a court date or deadline), stipulations of settlement (a settlement agreement resolving the case) and stipulations of discontinuance. When the stipulation is being used to dismiss the case as with […]