By: Robert J. Nahoum Our client was recently sued in the Supreme Court of the State of New York, Nassau County by the prolific debt collection law-fIrm Tromberg, Morris & Poulin, PLLC on behalf of its client the high-interest rate lender Sofi Lending Corp. Â The lawsuit led to the discovery that our client was the victim of widespread identity theft. […]
Tromberg, Morris & Poulin Agrees to Dismiss Debt Collection Lawsuit Due to Identity Theft
A New Pew Report Confirms the Horror of Debt Collection Lawsuits
By: Robert J. Nahoum Any reader of this blog knows I have been ringing the alarm on the threat and inequities of debt collection lawsuits for years. I and my consumer attorney colleagues are on the frontlines of this battle, day in and day out, on behalf of our clients, holding back the title wave of financial disruption debt collection […]
What is a Deficiency Balance?
By: Robert J. Nahoum Secured debts are debts in which collateral (property) has been pledged as security for payment of the money lent. The two most common examples of secured debt are mortgages on home loans and title liens on car loans. In each case, if the consumer defaults on the loan, the bank can take the property and resell […]
The Federal Trade Commission Publishes Statements on the Debt Buying Industry Including a List of Banned Debt Collectors
By: Robert J. Nahoum In a blog post, the Federal Trade Commission published important statements about the debt buying industry and its efforts to self-regulate including a list of 75 debt buyers banned from participating in the debt collection industry.  Below is a reprint of the post prepared by Reilly Dolan, the FTC’s Associate Director, Division of Financial Practices . “Last year the FTC […]
What is a Good Settlement with Midland Funding?
By: Robert J. Nahoum The notorious debt buyer Midland Funding, LLC has sued you for an old debt that they bought from an original creditor. You are considering whether to fight them or to reach a reasonable settlement and get on with your life. You now have to determine how much is a good settlement with Midland Funding? Firstly, there […]
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 […]
Sued For a Medical or Hospital Bill In New York?
By: Robert J. Nahoum You were in an accident or became sick. You had no choice but to seek medical attention even though you are uninsured or underinsured. You’ve been slapped with a hefty medical bill that just can’t afford to pay. The collection agencies have been calling, writing letters and harassing you. You have explained over and over again […]
Harassed by Collection Agency Erin Capital Management, LLC in New York or New Jersey?
By: Robert J. Nahoum Erin Capital Management, LLC is an infamous collection agency and debt buyer, buying up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone companies and car companies for pennies on the dollar.  The debt buyers then try to collect the full amount from consumers, plus interest, penalties, late fees, overdraft fees, attorney’s fees […]
Harassed by Collection Agency Cavalry Portfolio Services, LLC in New York or New Jersey?
By: Robert J. Nahoum Cavalry Portfolio Services, LLC is an infamous collection agency and debt buyer, buying up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone companies and car companies for pennies on the dollar.  The debt buyers then try to collect the full amount from consumers, plus interest, penalties, late fees, overdraft fees, attorney’s fees […]
Harassed by Collection Agency CACH, LLC in New York or New Jersey?
By: Robert J. Nahoum CACH, LLC is an infamous collection agency and debt buyer, buying up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone companies and car companies for pennies on the dollar.  The debt buyers then try to collect the full amount from consumers, plus interest, penalties, late fees, overdraft fees, attorney’s fees and whatever […]