By: Robert J. Nahoum New Century Financial Services, Inc. is an notorious “junk 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 only 191 New York debt collection lawsuits […]
Debt Buyer New Century Financial Services, Inc. Filed 191 NY Debt Collection Cases In 2016
Eltman Law Default Assigned Judgment Settled, Vacated and Dismissed
By: Robert J. Nahoum RECENT VICTORY: Our client recently discovered for the first time a 2001 default judgment entered against him in the Superior Court of the State of New Jersey County of Passaic, Special Civil Part by junk debt buyer Erin Capital Management and their collection law firm Eltman Law PC when he was notified by his bank that […]
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 […]
Debt Collection Law-Firm Pressler and Pressler Filed 4,578 NY Debt Collection Cases In 2015
By: Robert J. Nahoum Pressler and Pressler, LLP is an infamous debt collection law-firm representing creditors and junk debt buyers. 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 […]
What is Meaningful Attorney Involvement for FDCPA Purposes?
By: Robert J. Nahoum THE PROBLEM: Debt collection is a high volume business. Debt collection law-firms are hired by collection agencies and junk debt buyers to sue consumers for defaulted debt. The lawyers keep a percentage of whatever amounts they recover from the debtors. For this reason, the profit the lawyers earn on any individual file is relatively small. However, […]
Midland Funding Case Stricken from Court Calendar for Failure of Evidence
By: Robert J. Nahoum It is common knowledge among debt collection attorneys (both plaintiffs and defendants) that debt buyers lack the evidence needed to prove their cases. Nevertheless, debt collectors win these cases because of defaults by the consumers and the costs of litigation. Judge Ignatius L. Muscarella of the First District Court of Nassau County was having none of […]
What is a Good Settlement with Pressler & Pressler?
By: Robert J. Nahoum The notorious debt collection law firm Pressler & Pressler has sued you for an old debt that they bought from an original creditor. You are considering whether to fight them or to reach a reasonable settlement and get on with your life. You now have to determine how much is a good settlement with Pressler & […]
Bock v. Pressler & Pressler – 4 Seconds is Not Meaningful Attorney Review
By: Robert J. Nahoum Federal debt collection laws known as the Fair Debt Collection Practices Act (FDCPA for short) protects consumers from unscrupulous debt collectors. The FDCPA establishes a general prohibition against the use of “false, deceptive, or misleading representation or means in connection with the collection of any debt.” The various subsections of the FDCPA, sixteen in total, provide […]
Sued By Pressler and Pressler in NY or NJ?
By: Robert J. Nahoum THE PROBLEM: You have just been served was a summons and complaint, the law-firm Pressler and Pressler, LLP is listed as the attorney for some company you have never heard of who is suing you for an old debt you’re not familiar with. WHO IS PRESSLER AND PRESSLER, LLP?: Pressler and Pressler is most often identified […]
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 […]