By: Robert J. Nahoum New York Attorney General Eric T. Schneiderman announced on Thursday, May 8, 2014 that his office reached a settlement with two of the largest debt buyers in the U.S. – Portfolio Recovery Associates and Sherman Financial Group (bringing debt collection lawsuits as Resurgent Capital Services LP). Under the terms of the settlement, Portfolio Recovery Associates and […]
Portfolio Recovery Associates and Sherman Financial Group Must Vacate And Stop Collection On $16 Million In Judgments
Harassed by Collection Agency Portfolio Recovery Associates, LLC in New York or New Jersey?
By: Robert J. Nahoum Portfolio Recovery Associates, LLC is an infamous collection agency and debt buyer, buying up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone companies and car companies for pennies on the dollar.  The debt buyers then try to collect the full amount from consumers, plus interest, penalties, late fees, overdraft fees, attorney’s fees […]
How Many New York Debt Collection Cases Did Portfolio Recovery Associates, LLC File in 2013?
By: Robert J. Nahoum Portfolio Recovery Associates, LLC is a 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, Portfolio Recovery Associates, LLC filed more than 17,100  New York debt collection lawsuits in 2013 […]
Sued By Portfolio Recovery Associates, LLC In New York or New Jersey?
By: Robert J. Nahoum THE PROBLEM: You have just been served was a summons and complaint. Portfolio Recovery Associates, LLC is suing you for an old debt. WHO IS PORTFOLIO RECOVERY ASSOCIATES, LLC?: Portfolio Recovery Associates, LLC is an infamous “debt buyerâ€, buying up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone companies and car companies […]