Debt Buyer New Century Financial Services, Inc. Filed 191 NY Debt Collection Cases In 2016

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 […]

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 […]

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 […]

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 […]