By: Robert J. Nahoum THE PROBLEM A debt collector has served was a summons and complaint or you’ve discovered that a debt collector has a default judgment against you. You show up to court expecting to put an end to your case but the debt collection attorney is unprepared and requests that the court grant an adjournment. What does this […]
The High Cost of Adjournments in New York Debt Collection Cases
Student Loan Debt Buyer National Collegiate Student Loan Settles Claims of Unfair Debt Collection Practices with the Federal Government
By: Robert J. Nahoum National Collegiate Student Loan Trust (NCSLT) is a unique “junk debt buyer†that few people have ever heard of. NCSLT is in the business of specifically buying private student loans from banks. Much like the mortgages involved in the financial and foreclosure crisis of just a few years ago, private student loans are packaged together as […]
Consumer Watchdog The National Consumer Law Center Has Issued Key Steps to Minimize Risk After Equifax Data Breach
Consumer Watchdog The National Consumer Law Center® (NCLC®), has issued the following key steps to minimize risk from the Equifax data breach: “Determining Whether the Client Has Been Affected It is very likely that any client with a credit history is one of the 143 million adult Americans whose personal information was exposed in a data breach at Equifax, one […]
Palisades Collection and its Lawyers Pressler & Pressler Settle New York FDCPA Claims for $3.9 Million and Reversal of 48,000 default judgments
By: Robert J. Nahoum In 2014, a lawsuit was filed against New Jersey-based, publicly traded, junk debt buyer Asta Funding, its subsidiary Palisades Collection and their attorneys Pressler and Pressler. The suit filed in the United States District Court for the Southern District of New York alleged violations of the Fair Debt Collection Practices Act (FDCPA), a federal law that […]
The Equifax Data Breach
By: Robert J. Nahoum Equifax, one of the nation’s top credit reporting agencies, recently reported that the private data of roughly 143 million Americans had been compromised due a security hack. It was also revealed that Equifax did not make the hack publicly known until a month and half after Equifax became aware and after Equifax management sold millions of […]
Selip & Stylianou Dismisses 10-Year-Old Default Judgment
By: Robert J. Nahoum Our client, recently discovered that a nearly $3,000.00 default judgment was entered against her in 2007 by Cypress Financial Recoveries in the District Court, County of Nassau. She first learned of the judgment when she received a notice from the Nassau County Sheriff that her wages were going to be garnisheed. After consulting with our firm, […]
Sued By Winthrop Capital, LLC In New York or New Jersey?
By: Robert J. Nahoum THE PROBLEM: You have just been served was a summons and complaint. Winthrop Capital, LLC is suing you for an old debt. WHO IS WINTHROP CAPITAL, LLC?: Winthrop Capital, LLC is a “debt buyerâ€, buying up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone companies and car companies for pennies on […]
Debt Buyer CACH LLC Denied Summary Judgment For Lack of Evidence In Debt Collection Case
By: Robert J. Nahoum In a debt collection lawsuit, the Plaintiff (the party bringing the lawsuit) always has the burden to prove that the Defendant (the party being sued) is responsible for the debt. To meet this burden, a junk debt buyer like CACH LLC must prove that (1) it has the right to sue; (2) the debt is attributable […]
Debt Collectors Must Tell NY Consumers if the Debt a Too Old to Collect
By: Robert J. Nahoum THE PROBLEM: You are surprised to be receiving phone calls and letters from a debt collector; you thought you cleared up all your bad debts years ago. How can they still be contacting you on such old debts? The Rule: In New York, a debt collector must maintain reasonable procedures for determining the statute of limitations […]
Sued By NCO Portfolio Management Inc. in New York or New Jersey?
By: Robert J. Nahoum THE PROBLEM: You have just been served was a summons and complaint. NCO Portfolio Management is suing you for an old junk debt. WHO IS NCO PORTFOLIO MANAGEMENT, INC.?: NCO Portfolio Management is a debt buyerâ€, buying up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone companies and car companies for […]