By: Robert J. Nahoum For debt collectors, being awarded a judgment in court is the easy part; enforcing the judgment and collecting the money poses a much greater challenge. There are a variety of tools available for enforcing judgment but the most prolific may be the wage garnishment. In a far reaching report produced by NPR and ProPublica, it was […]
Treadmill of Lost Wages: New York Wage Garnishment and Judgment Interest
Subsequent Debt Collectors Must Provide FDCPA Validation Notice
By:Â Robert J. Nahoum THE PROBLEM: The debt collection industry moves fast – a debt collector calling you today may be different from a debt collector that called you the previous week trying to collect the very same debt. Â How do you know who you are dealing with? THE RULE: Federal debt collection laws, known as the Fair Debt Collection […]
Could Stronger State Debt Collection Laws be Coming to New York State?
By:Â Robert J. Nahoum On May 28, 2014, the New York State Assembly passed a series of bills aimed at debt collectors. Â Included in the proposed laws is an enlargement of disclosure requirements to consumers, stronger court filings requirements and in debt collection lawsuits and a mandatory statewide licensure for debt collectors. The Assembly is committed to doing whatever we […]
Five Ways to Stop Debt Collector Harassment
By: Robert J. Nahoum Whether it’s mounting credit card debt, unexpected medical bills or even defaulted student loans, when you fall behind on your bills, the debt collectors will harass you. Understandably, anyone who has dealt with debt collectors feels abused, harassed and bullied. This is due in large part to the heavy-handed tactics of the debt collection agents. Most […]
A Free Pass From Washington For Debt Collection Attorneys On Misleading Consumers?
By: Robert J. Nahoum U.S. Senator Pat Toomey (R-Pa.) introduced a bill, with bi-partisan support, that would exempt debt collection attorneys from compliance with federal debt collection laws known as the Fair Debt Collection Practices Act (FDCPA) during specific litigation related debt collection activities. Sen. Toomey’s bill would “amend the Fair Debt Collection Practices Act to preclude law firms and […]
How Much Will An FDCPA Lawyer Cost?
By: Robert J. Nahoum THE PROBLEM: You’ve been contacted by a debt collection agency trying to collect a debt. You’ve done your research and believe that the debt collector violated federal debt collection laws known as the Fair Debt Collection Practices Act (FDCPA for short).You want to hire a an attorney to sue the debt collector for harassing and lying […]
Portfolio Recovery Associates and Sherman Financial Group Must Vacate And Stop Collection On $16 Million In Judgments
By: Robert J. Nahoum New York Attorney General Eric T. Schneiderman announced on Thursday, May 8, 2014 that his office reached a settlement with two of the largest debt buyers in the U.S. – Portfolio Recovery Associates and Sherman Financial Group (bringing debt collection lawsuits as Resurgent Capital Services LP). Under the terms of the settlement, Portfolio Recovery Associates and […]
Harassed by Collection Agency RJM Acquisition, LLC in New York or New Jersey?
By: Robert J. Nahoum RJM Acquisition, 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 […]
Harassed by Collection Agency Unifund CCR, LLC in New York or New Jersey?
By: Robert J. Nahoum Unifund CCR, 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 Portfolio Recovery Associates, LLC in New York or New Jersey?
By: Robert J. Nahoum Portfolio Recovery Associates, 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 […]