Consumer Financial Projection Bureau Issues Report of Debt Collection
- January 13th, 2017
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By: Robert J. Nahoum Federal debt collection watch dog the Consumer Financial Protection Bureau (called the CFPB for short) has issued a its findings on a survey conducted of consumer experiences with debt collection. According to the CFPB, “the survey…
5 Careless Credit Mistakes Millennials Make
- October 15th, 2015
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By: Robert J. Nahoum In a recent survey 30% of millennials said they would sell a body part to pay off student debt. The absurdity of this statement certainly highlights the tremendous attention given to the student debt crisis facing…
What is Arbitration?
- July 21st, 2015
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By: Robert J. Nahoum As technology has advanced our lives have undoubtedly been made easier. There is no shortage of companies lining up to provide us with one sort of a service or another. Some we pay for like our…
What is The Credit Repair Organizations Act?
- July 20th, 2015
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By: Robert J. Nahoum THE PROBLEM: For many, your credit score has a powerful influence on your life. Your score influences how much your home and your car will cost and whether you will be approved for insurance, an apartment…
What is the Equal Credit Opportunity Act?
- June 19th, 2015
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By: Robert J. Nahoum THE PROBLEM: The use of consumer credit is everywhere in our society. People use credit and incur debt to pay for cars, homes, education and for every day needs. With such widespread use of credit, the…
What is a Class Action Consumer Lawsuit?
- June 17th, 2015
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By: Robert J. Nahoum Consumer lawyers are, as the name implies, lawyers who focus their practices on consumer issues. What are consumer issues? Consumer issues are those legal issues that arise when regular people (as opposed to businesses) go out…
What is Doing Well by Doing Good?
- January 7th, 2015
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By: Robert J. Nahoum You are being harassed by a debt collector; or perhaps you’re being sued on an old credit card debt; or maybe you’ve been screwed by a dirt-bag car dealer. Whatever the case may be, when a…
Who Are Consumer Attorneys?
- June 6th, 2014
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By: Robert J. Nahoum There are all kinds of lawyers out there: real estate lawyers, personal injury lawyers, corporate lawyers, Wall Street lawyers and consumer lawyers to name a few. The good old days of the country lawyer who did…
Who is the Least Sophisticated Consumer?
- January 22nd, 2014
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By: Robert J. Nahoum THE PROBLEM: You’ve fallen behind on bills and get a debt collection letter from a lawyer. The letter says that if you don’t pay a $75 medical bill you will be sued. You’re a pretty smart…
Sued By Midland Funding, LLC In New York or New Jersey?
- December 16th, 2013
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By: Robert J. Nahoum THE PROBLEM: You have just been served was a summons and complaint. Midland Funding, LLC or one of its affiliated companies is suing you for an old debt. WHO IS MIDLAND FUNDING, LLC?: Midland Funding, LLC is…