Benefits of Hiring an Attorney to Represent You in a New York Debt Collection Lawsuit

By: Robert J. Nahoum If you have been sued by a debt collector in New York, you may be feeling overwhelmed and unsure of what to do. You may be tempted to ignore the lawsuit, but this is a mistake. Ignoring a debt collection lawsuit can have serious consequences, including a default judgment against you. A default judgment is a […]

Inflation, Debt and Credit Card Defaults: What You Need to Know

By: Robert Nahoum Inflation is on the rise, and it’s having a significant impact on consumers’ wallets. As prices for goods and services go up, people have less money to spare, which can lead to credit card defaults, which can lead to debt collection which can lead to debt collection lawsuit. If you’re struggling to make your credit card payments, […]

What is an Underwater Car?

By: Robert J. Nahoum An underwater car is a car loan where the owner owes more on the loan than the car is worth. This can happen for a number of reasons, such as: Buying a car little to no down payment. Taking out a long-term car loan. Rapid depreciation of the car. Damage to the car. Why is Being […]

The Law Offices of Robert J. Nahoum Settles Client’s Judgment With Discover Bank

By: Robert J. Nahoum Client Discovered Judgment At The Law Offices of Robert J. Nahoum, our clients cover every demographic of society rich, working class, middle class, blue collar and white collar.  It is often assumed that those with debt collection problems are always people struggling with money. However, this is not always the case as we were recently reminded. […]

What to Do If You Have Been Sued by a Debt Collector in a New York Debt Collection Lawsuit

By: Robert J. Nahoum Being sued by a debt collector can be a stressful and overwhelming experience. If you are facing this situation, it is important to know your rights and what steps you need to take to protect yourself. What to do when you are served with a summons and complaint The first thing you should do if you […]

Developments in Medical Debt Collection to Help Consumers

By: Robert J. Nahoum Medical debt collection has become a hot topic in recent years, as healthcare costs continue to rise, and more people struggle to pay their medical bills. According to a study by the Consumer Financial Protection Bureau (“CFPBâ€), around 43 million Americans have medical debt on their credit reports, with the average amount owed being around $579. […]