By: Robert J. Nahoum If you have been contacted by a collection agency, you may be wondering: do collection agencies actually sue consumers? The answer is often misunderstood. In most cases, collection agencies themselves do not sue. Instead, lawsuits are typically filed by the original creditor or by a company that claims it purchased the debt – junk debt buyers. […]
Do Collection Agencies Sue Consumers in New York? What You Need to Know
New York Court Rejects Portfolio Recovery’s Request for a Default Judgment Due to Faulty Service
By: Robert J. Nahoum If you have ever checked your mail or credit report and seen the name Portfolio Recovery Associates, LLC (PRA), you are far from alone. PRA is one of the largest junk debt buyers in the United States. They purchase billions of dollars in old, charged-off debts from credit card companies, banks, and finance companies for pennies […]