Favorable Settlement with National Collegiate Student Loan Trust

By: Robert J. Nahoum National Collegiate Student Loan Trust (NCSLT) is a very busy company that few people have ever heard of.  Much like the mortgages involved in the financial and foreclosure crisis of just a few years ago, private student loans are packaged together as investments and sold on Wall Street.  Those packages of loans are held in trust […]

How To Ensure Debt Collection Lawyers Obey The Law

By: Robert J. Nahoum   Federal debt collection laws known as the Fair Debt Collection Practices Act (FDCPA for short) regulates the collection of consumer debts by third party debt collectors.  The FDCPA precludes debt collectors from using false, misleading, deceptive and harassing debt collection tactics. A “debt collector†is defined under the FDCPA as “any person who . . . […]

NY Court System Adopts New Rules For Consumer Debt Collection Cases

By: Robert J. Nahoum   New York Chief Judge Jonathan Lippman announced that new rules have been adopted to prevent the entry of unwarranted default judgments in the 100,000 plus debt collection cases filed yearly in New York state courts. According the Chief Administrator’s office, “the new rules reflect the most comprehensive effort by a court system nationally to ensure a […]

A Check List of Steps For Filing an Order to Show Cause to Vacate a Default Judgment

By: Robert J. Nahoum   You have just discovered that a default judgment has been entered against you by a debt collector because you didn’t answer a debt collection lawsuit.  In order to reverse (or as the lawyers call it “vacateâ€) a default judgment, you need to file an “Order to Show Cause†with the court. Here is a checklist of […]