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 […]

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 […]

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 […]

Junk Debt Buyer NCO Portfolio Management Inc. Filed Only 1 New York Debt Collection Cases In 2016

By: Robert J. Nahoum NCO Portfolio Management, Inc. is a notorious “junk debt buyerâ€, buying up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone companies and car companies for pennies on the dollar. According to the New York State Unified Court System, NCO Portfolio Management has all but shut down filing new debt collection cases […]

Sub-Prime Auto Lender “Leaders Financial Company” Filed 23 New York Debt Collection Cases In 2016?

By: Robert J. Nahoum Leaders Financial Company is a notorious “sub-prime†auto lender in the Mid-Atlantic region including New and New Jersey.  Leaders Financial Company makes loans to consumers for the purchase of automobiles.  As a sub-prime lender, Leaders Financial Company offers high interest rate loans to consumers with bad credit. According to the New York State Unified Court System, […]

Sued By Leaders Financial Company In New York or New Jersey?

By: Robert J. Nahoum THE PROBLEM: You have just been served was a summons and complaint.  Leaders Financial Company is suing you for an old car loan. WHO IS LEADERS FINANCIAL COMPANY?: Leaders Financial Company is an infamous “sub-prime†auto lender in the Mid-Atlantic region including New and New Jersey.  Leaders Financial Company makes loans to consumers for the purchase […]