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 results substantially expand the understanding of debt collection in the United States by providing the first comprehensive and nationally representative […]
Consumer Financial Projection Bureau Issues Report of Debt Collection
5 Careless Credit Mistakes Millennials Make
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 millennials. Weighed down by hefty student debt, any hopes millennials have of ever buying a home, getting a car loan, […]
What is Arbitration?
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 cell phones, cable, internet and Netflix while others are free like Facebook, twitter and Youtube. One thing these companies all […]
What is The Credit Repair Organizations Act?
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 and even a job. With stakes this high, a lot of attention is paid to improving people’s scores. Everywhere you […]
What is the Equal Credit Opportunity Act?
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 United States Congress recognized that consumers seeking credit needed to be protected from discrimination on the basis of race, color, […]
What is a Class Action Consumer Lawsuit?
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 into the market place to buy goods or services. For example – buying a car, getting a mortgage to buy […]
What is Doing Well by Doing Good?
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 consumer is victimized and in need of legal representation, the thought of paying for a lawyer seems like adding insult […]
Who Are Consumer Attorneys?
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 it all have given way to specializations, attorneys who focus on or discrete areas of law. If you’ve never had […]
- debt collection
- Debt Collection Agency
- Debt Collection Defense
- debt collector harassment
- Fair Debt Collection Practices Act
Who is the Least Sophisticated Consumer?
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 guy and you know that the lawyer is just blowing smoke – he’s not really going to sue you for […]
Sued By Midland Funding, LLC In New York or New Jersey?
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 an infamous “debt buyerâ€, buying up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone companies […]