NY Legislature Adopts New Rules For Student Loan Services

By: Robert J. Nahoum On April 1, 2019, the New York enacted legislation requiring companies to obtain licenses from the New York Department of Financial Services (“DFSâ€) in order to service student loans owed by New York residents. Under the new laws, servicers of federal student loans are automatically deemed as licensed. However, servicers that are servicing both federal and […]

Debt Collection Law Firm Forster & Garbus Filed a Whopping 23,312 NY Debt Collection Cases In 2018

By: Robert J. Nahoum According to the New York State Unified Court System, the prolific debt collection law-firm Forster & Garbus filed a staggering 23,312 New York debt collection lawsuits in 2018 alone.  Drilling down on the numbers shows where the highest concentration of Forster & Garbus debt collection cases were filed: Almost 4,000 in the Bronx Over 5,500 in […]

Debt Collection Law-Firm Pressler and Pressler Filed 4,812 NY Debt Collection Cases In 2018

By: Robert J. Nahoum According to the New York State Unified Court System, junk debt buyers Pressler and Pressler, LLP filed 4,812 New York debt collection lawsuits in 2018.  Pressler & Pressler, who is also now going by the name “Pressler, Felt & Warshaw, LLP†has its headquarters located at 7 Entin Road, Parsippany, New Jersey 07054-5020 but also has […]

The Law Offices of Robert J. Nahoum Convinces Debt Collector Mullooly Jeffrey Rooney & Flynn, L.L.P. To Dismiss a 10-Year-Old Asset Acceptance, LLC Default Judgment

By: Robert J. Nahoum Our client, recently discovered that “junk debt buyer†Asset Acceptance, LLC  had an $11,000.00, ten-year-old default judgment against her in the Supreme Court, Rockland County.  She first learned of the judgment when she received a notice from the Rockland County Sheriff that her wages were going to be garnisheed.   After consulting with our firm, we […]

Junk Debt Buyer Merriman Investors is Selling its Accounts

By: Robert J. Nahoum THE PROBLEM: Have you recently received a letter from “Merriman Investments, LLC†advising that a judgment or debt of yours has been sold to Caddis Investments, LLC or some other company?  If so, you’re not alone! Merriman Investments is an offshoot of junk debt buyer Erin Capital Management.  Merriman, Erin and their lawyers Eltman Law have […]