CFPB Issues Eye-Opening Report On The Use of High Cost Credit Cards to Pay for Medical Bills

The federal Consumer Financial Protection Bureau (CFPB) has issued an eye-opening report on the use of high cost credit cards to pay for medical and dental costs not covered by patients insurance. Here is what the CFPB had to say: WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) published a report on high-cost specialty financial products, such as medical […]

Sued by Richard Sokoloff, Esq.?

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. You call the bank to find out what’s going on and are told to speak some law-firm called Richard Sokoloff, Esq..   You’ve […]

Under the Gun – The Law Offices of Robert J. Nahoum Helps Client Quickly Settle Judgment Liens – Now Clear to Close

By: Robert J. Nahoum Judgment Liens Were Getting in the Way of Selling Real Estate At The Law Offices of Robert J. Nahoum, we regularly receive phone calls from consumers who are about to buy or sell a real estate but have an old judgment lien holding up the transaction.  Realtors and mortgage brokers often tell the consumer that to […]

Bankruptcy Is Not Always Your Only Way Out of Debt

By: Robert J. Nahoum THE PROBLEM: Post Covid, rising inflation and a tricky jobs market have all left you behind on debt.  Perhaps you lost your job during Covid and relied on your credit cards to get you through.  Now rising inflation has made everything more expensive including your credit card bills and you just can’t catch up.  Most Google […]

The Current Status of Medical Debt Credit Reporting

By: Robert J. Nahoum On April 11, 2023, the three major credit reporting agencies, Equifax, Experian, and TransUnion, (the CRAs) announced that that medical debt with an initial reported balance of under $500 has been removed from U.S. consumer credit reports.  This announcement comes after a 2020 file issued by the, the Consumer Financial Protection Bureau (CFPB) requiring credit reporting […]