By: Robert J. Nahoum
Schachter Portnoy, LLC is an infamous debt collection law-firm representing creditors and junk debt buyers. Debt buyers buy 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, Schachter Portnoy filed only 475 New York debt collection lawsuits in 2016 which is roughly two thirds of the 1,884 cases filed in 2015. Debt collection cases like these are most often brought in New York’s civil, city and small claims courts.
Schachter Portnoy is most often identified as a New Jersey debt collection law firm where they are headquartered. However, in recent years, Schachter Portnoy has become the captured law firm for the notorious junk debt buyer Cavalry Portfolio Services. Virtually all of the debt collection cases filed by Schachter Portnoy in 2015 were on behalf of Calvary. Schachter and Calvary are so closely connected that Schachter Portnoy’s New York office is the very same location where Cavalry runs its debt buying empire – 500 Summit Lake Drive Valhalla, NY 10595.
Cavalry and Schachter Portnoy are notorious violators of federal debt collection laws known as the Fair Debt Collection Practices Act (FDCPA) and are 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.
Law-firm debt collectors like Schachter Portnoy employ few attorneys but many debt collection agents. In fact, if you call them, you will not speak with an attorney, you will speak with a debt collection agent who is probably being paid a commission for any money he or she collects from you.
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