Tromberg, Morris & Poulin Agrees to Dismiss Debt Collection Lawsuit Due to Identity Theft

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.  The lawsuit led to the discovery that our client was the victim of widespread identity theft. […]

What to Do If You Have Been Sued by a Debt Collector in a New York Debt Collection Lawsuit

By: Robert J. Nahoum Being sued by a debt collector can be a stressful and overwhelming experience. If you are facing this situation, it is important to know your rights and what steps you need to take to protect yourself. What to do when you are served with a summons and complaint The first thing you should do if you […]

Bankruptcy Is Not Always Your Only Way Out of Debt

By: Robert J. Nahoum THE PROBLEM: Post Covid, rising inflation and a tricky jobs market have all left you behind on debt.  Perhaps you lost your job during Covid and relied on your credit cards to get you through.  Now rising inflation has made everything more expensive including your credit card bills and you just can’t catch up.  Most Google […]

Abrahamsen Gindin LLC Acquires Embattled Debt Collection Mill Forster & Garbus

By: Robert J. Nahoum Pennsylvania based creditors’ rights law firm Abrahamsen Gindin LLC is dipping its toe into the New York State debt collection market with the announcement of its purchase of embattled debt collection mill Forster & Garbus. The announcement comes on the heels of a settlement between the federal Consumer Financial Protection Bureau and Forster & Garbus in […]

The Current Status of Medical Debt Credit Reporting

By: Robert J. Nahoum On April 11, 2023, the three major credit reporting agencies, Equifax, Experian, and TransUnion, (the CRAs) announced that that medical debt with an initial reported balance of under $500 has been removed from U.S. consumer credit reports.  This announcement comes after a 2020 file issued by the, the Consumer Financial Protection Bureau (CFPB) requiring credit reporting […]

Auto Loan Defaults and Repossessions Are on the Rise

By: Robert J. Nahoum The rising rate of auto loan defaults and repossessions has become a growing concern for in recent years. With the economic fallout from the COVID-19 pandemic and rapidly increasing rates of inflation, many consumers have been struggling to make ends meet, resulting in an increase in missed car payments and ultimately, vehicle repossessions. According to a […]

Notorious Debt Collector Portfolio Recovery Associates in Trouble Again with the CFPB

The infamous debt collector Portfolio Recovery Associates is reportedly settling claims brought by the Consumer Financial Protection Bureau for violating a settlement the debt collector reach with the CFPB 2015. According to the CFPB The Consumer Financial Protection Bureau (CFPB) took action today against Portfolio Recovery Associates, one of the largest debt collectors in the nation, for violating a 2015 […]

Attempting to Collect Debt Discharged in Bankruptcy Is Illegal

By: Robert J. Nahoum Debt collectors are known for their persistence when it comes to collecting debts. However, the Fair Debt Collection Practices Act (FDCPA) imposes certain restrictions on the methods used by debt collectors to collect debts. In particular, the FDCPA prohibits debt collectors from attempting to collect debts that have been discharged in bankruptcy. Bankruptcy is a legal […]

Developments in Medical Debt Collection to Help Consumers

By: Robert J. Nahoum Medical debt collection has become a hot topic in recent years, as healthcare costs continue to rise, and more people struggle to pay their medical bills. According to a study by the Consumer Financial Protection Bureau (“CFPBâ€), around 43 million Americans have medical debt on their credit reports, with the average amount owed being around $579. […]