By: Robert J. Nahoum THE PROBLEM: You have just been served was a summons and complaint. Retail Recovery Services of NJ is suing you for an old debt. WHO IS RETAIL RECOVERY SERVICES OF NJ?: Retail Recovery Services of NJ is an infamous “debt buyerâ€, buying up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone […]
Sued By Retail Recovery Services of NJ In New York or New Jersey?
4 Year Statute of Limitations on Store Branded Credit Cards in New Jersey
By: Robert J. Nahoum As reported by the New Jersey Law Journal, a three-judge Appellate Division panel ruled that “credit cards issued for a specific retailer are governed by N.J.S.A. 12A:20-725, which deals with the sale of good, rather than N.J.S.A. 2A:14-1, which governs most contractual claims and has a six-year statute of limitations. ‘[W]e hold that the claims arising […]
Sued By Colorado Capital Investments In New York or New Jersey?
By: Robert J. Nahoum THE PROBLEM: You have just been served was a summons and complaint. Colorado Capital Investments is suing you for an old debt. WHO IS COLORADO CAPITAL INVESTMENTS?: Colorado Capital Investments is an infamous “debt buyerâ€, buying up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone companies and car companies for pennies […]
Sued By Platinum Financial Services In New York or New Jersey?
By: Robert J. Nahoum THE PROBLEM: You have just been served was a summons and complaint. Platinum Financial Services is suing you for an old debt. WHO IS PLATINUM FINANCIAL SERVICES? Platinum Financial Services is an infamous “debt buyerâ€, buying up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone companies and car companies for pennies […]
Sued By Gemini Asset Recovery In New York or New Jersey?
By: Robert J. Nahoum THE PROBLEM: You have just been served was a summons and complaint. Gemini Asset Recovery is suing you for an old debt. WHO IS GEMINI ASSET RECOVERY?: Gemini Asset Recovery is an infamous “debt buyerâ€, buying up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone companies and car companies for pennies […]
Sued By East Coast Funding Group, Inc. In New York?
By: Robert J. Nahoum THE PROBLEM: You have just been served was a summons and complaint. East Coast Funding Group, Inc is suing you for an old debt. WHO IS CYPRESS FINANCIAL RECOVERIES, LLC?: East Coast Funding Group is a sub-prime auto lender financing the purchaser of new and used vehicles by consumer with bad credit. When the consumer default […]
Do I have to Sign for a Summons in a New York Debt Collection Lawsuit?
By: Robert J. Nahoum The Problem: Were you surprised to learn that your bank account has been frozen or your wages have been garnisheed? If your answer is yes, a debt collector likely has a default judgment against you from a lawsuit you had no idea had been filed. In debt collection lawsuits, most cases are won on default where […]
What is an Adjournment in a New York Debt Collection Case?
By: Robert J. Nahoum THE PROBLEM You’ve been served was a summons and complaint or discovered that you have a default judgment entered against you. It’s a debt collector suing you on an old credit card debt.  You’ve done your homework on the internet and realized that you can’t simply ignore the case so you filed your answer or your […]
What is an “Affidavit of Service” in a Debt Collection Case?
By: Robert J. Nahoum The Problem: Were you surprised to learn that your bank account has been frozen or your wages have been garnisheed? If your answer is yes, a debt collector likely has a default judgment against you from a lawsuit you had no idea had been filed. In debt collection lawsuits, most cases are won on default where […]
Citibank Slapped on the Wrist Over Debt Collections and sales of Debt to Junk Debt Buyers
By: Robert J. Nahoum According to a report by USA Today “Citibank was ordered to pay a $3 million penalty and provide nearly $11 million in consumer relief or refunds in a settlement over illegal debt sales and debt collection practices, a federal consumer agency said Tuesday. The New York-based bank broke the law by selling credit card debt with […]