Understanding the Differences: Collection Agency vs. Original Creditor vs. Debt Buyer in New York

By: Robert J. Nahoum What Is “Substantiation” of Debt in New York? If you live in New York and have been sued or threatened with a lawsuit over a consumer debt, you’ve probably seen one of three names on the summons: an original creditor, a collection agency, or a debt buyer. Knowing who you’re dealing with can make a big difference in how […]

Jefferson Capital, a Minnesota-Based Debt Collection Firm, Hit With Class Claims in Philly

By: Robert J. Nahoum Introduction Consumers across the country continue to push back against aggressive debt collection tactics, and Jefferson Capital is the latest collector to face serious legal heat in Philadelphia. A new putative class action accuses the Minnesota-based junk debt buyer of violating consumer protection laws through its collection and credit reporting practices, raising important questions for consumers. […]

Sued By Bureaus Investment Group In New York or New Jersey?

By: Robert J. Nahoum THE PROBLEM: Three scenarios might have led you this article: You have just been notified by your bank that your account has been frozen because there is a debt collection judgment against you by some company called Bureaus Investment Group.   You’ve received a notice from your County Sheriff or a New York City Marshall that […]

Sued By CKS Prime Investments LLC In New York or New Jersey?

By: Robert J. Nahoum THE PROBLEM: Three scenarios might have led you this article: You have just been notified by your bank that your account has been frozen because there is a debt collection judgment against you by some company called CKS Prime Investments LLC.   You’ve received a notice from your County Sheriff or a New York City Marshall […]

Sued By Palisades Collection, LLC In New York or New Jersey?

By: Robert J. Nahoum THE PROBLEM: You have just been served was a summons and complaint.  Palisades Collection, LLC or its affiliate debt buyer Palisades Acquisition XVI, LLC is suing you for an old debt. WHO IS PALISADES COLLECTION, LLC?: Palisades Collection, LLC is a debt collection agency who often collects consumer debts on behalf of its affiliate Palisades Acquisition XVI, […]