New York City Debt Collection Defense Attorneys

Blog Posts in April, 2015

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  • New York Debt Collector Court Rule Is A Game Changer - For Everyone
    New York Debt Collector Court Rule Is A Game Changer - For Everyone

    Third-party debt collectors, also known as debt buyers and zombie creditors (for really old debts) have had to do little in the past to prove that a debt was yours, you owed it, and that it wasn't ...

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  • Identity Theft and Debt Collection Remain Highest Source of Consumer Complaints
    Identity Theft and Debt Collection Remain Highest Source of Consumer Complaints

    The Federal Trade Commission reported the top consumer complaints as Identity theft and with debt collection a close second. You can see that report here . The Consumer Financial Bureau Annual Report ...

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  • Fed Study: Student Loan Delinquencies Higher than Previously Reported
    Fed Study: Student Loan Delinquencies Higher than Previously Reported

    An article [1] in today's Wall Street Journal exposes a worrisome statistic: 31.5% of Americans encumbered by student loans are at least one month behind on payment. [2] That's a higher delinquency ...

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  • Asset Acceptance Found Liable under FDCPA for Improperly Collecting Pre-judgment Interest
    Asset Acceptance Found Liable under FDCPA for Improperly Collecting Pre-judgment Interest

    A hot issue in debt-collection litigation is whether debt buyers can charge pre-judgment interest . The answer depends upon the facts of your case, but it seems difficult for debt buyers to argue that ...

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  • NY Consumer Permitted to sue LR Credit 22 after Settling Case
    NY Consumer Permitted to sue LR Credit 22 after Settling Case

    Consumers often settle debt-buyer lawsuits without a full understanding of their rights. Often, the settlement agreement contains overbroad release language promising not to sue the debt buyer or its ...

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  • Credit-Card Interest: The Average Daily Balance Method
    Credit-Card Interest: The Average Daily Balance Method

    Banks use the "Average Daily Balance Method" to calculate monthly interest. Your monthly average debt amount is multiplied by the APR (Annual Percentage Rate) to arrive at your new balance. ...

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