By: Robert J. Nahoum
You’ve just discovered that your bank account has been frozen or that your wages are being garnished. You learn that a default judgment has been entered against you by some company called PYOD, LLC.
WHO IS PYOD, LLC?
PYOD, LLC 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. PYOD then it sues to collect the full amount.
Through its attorneys of choice, Forster & Garbus and Stephen Einstein & Associates, PYOD is actively pursuing and enforcing judgments awarded years ago through wage garnishments and frozen bank accounts.
PYOD is a notorious accused violator of federal debt collection laws known as the Fair Debt Collection Practices Act (FDCPA) and has been sued 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.
THE PROBLEM WITH PYOD, LLC
To PYOD, LLC, you the consumer are little more than an entry on a spreadsheet, you are data. Unfortunately for PYOD, LLC, entries on spreadsheets are not enough to win against you in court.
In a debt collection lawsuit, PYOD, LLC always has the burden to prove that the consumer is responsible for the debt. To meet this burden, PYOD, LLC must prove that: (1) it has the right to sue you; (2) the debt is yours; and (3) you owe the amount for which you were sued. It is never the burden of the consumer to prove that he or she does not owe the debt.
WHAT YOU SHOULD DO:
If you’ve been sued by PYOD, LLC in a debt collection lawsuit, consider hiring a qualified attorney experienced in debt defense. The Law Offices of Robert J. Nahoum, P.C. routinely represents consumers in debt collection lawsuits brought by junk debt buyers PYOD, LLC in New York and New Jersey.
As with all of our debt defense cases, The Law Offices of Robert J. Nahoum, P.C. analyzes debt collection cases brought by debt buyers like PYOD, LLC to determine if any violations of the FDCPA have occurred. If so, we recommend to our clients that suit be brought in Federal District Court on behalf of the consumer and against the debt buyer.
If a debt buyer like PYOD, LLC violates the FDCPA, you can sue it for statutory damages up to $1,000.00 plus actual damages (like pain and suffering) and your attorney’s fees. In FDCPA cases, The Law Offices of Robert J. Nahoum, P.C. doesn’t charge our clients a penny out of pocket.
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