By: Robert J. Nahoum
MSW Capital is a “junk 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.
According to the New York State Unified Court System, MSW Capital filed only 22 New York debt collection lawsuits in 2016.
While MSW Capital has slowed the rate of new debt collection cases in New York, its legacy lives on in thousands of default judgments entered in years past against New York consumers. Through its attorneys of choice, Stephen Einstein & Associates and Pressler & Pressler, MSW Capital is actively pursuing and enforcing judgments awarded years ago through wage garnishments and frozen bank accounts.
MSW Capital is a notorious accused violator of federal debt collection laws known as the Fair Debt Collection Practices Act (FDCPA) and is sued regularly by consumers for these violations. The FDCPA is a federal law that regulates the collection of consumer debts. It precludes third party debt collectors from using false, misleading, deceptive and harassing debt collection tactics.
If you need help settling or defending a debt collection law suit, stopping harassing debt collectors or suing a debt collector, contact us today to see what we can do for you. With office located in the Bronx, Brooklyn and Rockland County, the Law Offices of Robert J. Nahoum defends consumers in debt collection cases throughout the Tristate area including New Jersey.
The Law Offices of Robert J. Nahoum, P.C