NJ Debt Collection Law-Firm Pressler and Pressler Filed 11,749 Collection Cases In 2014

By: Robert J. Nahoum Pressler and Pressler, LLP is an infamous debt collection law-firm representing a creditor or debt buyer.  Debt buyers buy up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone companies and car companies for pennies on the dollar. Pressler and Pressler is most often identified as a New Jersey debt collection law […]

Unifund CCR, LLC Filed Only 1,457 NY Debt Collection Cases In 2014

By: Robert J. Nahoum Unifund CCR, LLC, also known as Unifund CCR Partners, is an notorious collection agency and “debt buyerâ€, buying up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone companies and car companies for pennies on the dollar. According to the New York State Unified Court System, Unifund filed a modest 1,457 New […]

New Century Financial Services Filed 8,548 NY Debt Collection Cases In 2014

By: Robert J. Nahoum New Century Financial Services, Inc. is an notorious “debt buyerâ€, buying up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone companies and car companies for pennies on the dollar. According to the New York State Unified Court System, New Century Financial Services filed more than 8,548 New York debt collection lawsuits […]

Debt Buyer LVNV Funding LLC Filed 3,546 New York Debt Collection Cases In 2014

By: Robert J. Nahoum LVNV Funding LLC is an notorious “debt buyerâ€, buying up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone companies and car companies for pennies on the dollar. According to the New York State Unified Court System, LVNV Funding filed more than 6,721 New York debt collection lawsuits in 2014 alone.  Debt […]

Could Stronger State Debt Collection Laws be Coming to New York State?

By: Robert J. Nahoum   On May 28, 2014, the New York State Assembly passed a series of bills aimed at debt collectors.  Included in the proposed laws is an enlargement of disclosure requirements to consumers, stronger court filings requirements and in debt collection lawsuits and a mandatory statewide licensure for debt collectors. The Assembly is committed to doing whatever we […]

A Free Pass From Washington For Debt Collection Attorneys On Misleading Consumers?

By: Robert J. Nahoum   U.S. Senator Pat Toomey (R-Pa.) introduced a bill, with bi-partisan support, that would exempt debt collection attorneys from compliance with federal debt collection laws known as the Fair Debt Collection Practices Act (FDCPA) during specific litigation related debt collection activities. Sen. Toomey’s bill would “amend the Fair Debt Collection Practices Act to preclude law firms and […]

Five Things to Consider When Answering a Summons and Complaint in a Debt Collection Lawsuit

By: Robert J. Nahoum You’ve come home to find legal papers taped to your door.  A closer look reveals that the legal papers are a debt collection summons and complaint – you are being sued you for an old debt.   A summons and complaint in a debt collection lawsuit should be answered and never ignored.  Here are five things to consider […]

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 […]