Dealing with debt collection can be overwhelming and stressful. Debt collectors can sue for unpaid debts, leading to legal consequences. Understanding your rights under the Fair Debt Collection Practices Act is essential. Steps to dispute collections include requesting debt validation, checking for errors, sending dispute letters, and consulting a collections lawyer if necessary.
Author Archives: Howard Gutman
Why You Should Never Pay a Collection Agency
Receiving calls from collection agencies about credit card debt can be alarming, but paying them outright may worsen your situation. Making payments might legitimize questionable debts, negatively impact your credit score, and expose you to legal risks. Instead, seek professional guidance to understand your rights and explore better options for debt resolution.
Debt Settlement Pros and Cons: Is It Right for You?
Debt settlement offers a potential solution for residents of New York and New Jersey struggling with debt by negotiating a lower payment to creditors. While it can reduce debt and avoid bankruptcy, it may negatively impact credit scores, involve tax implications, and lacks guaranteed results. Professional legal assistance can guide individuals through this complex process.
Can You Sue Credit Card Companies? Here’s What You Need to Know
You can sue credit card companies for issues like fraudulent charges, billing errors, harassment, unfair fees, credit reporting errors, and discrimination. However, the process is complex due to hurdles like mandatory arbitration and legal intricacies. Seeking experienced legal representation is essential for navigating these challenges effectively. Free consultations are available.
How to Get a Credit Card Lawsuit Dismissed
Many residents in New York and New Jersey face credit card lawsuits due to unpaid debts. Understanding how to challenge these lawsuits is crucial. Key steps include verifying the lawsuit’s legitimacy, checking the statute of limitations, demanding proof of debt, and identifying procedural errors. Legal assistance can greatly improve dismissal chances.
Statute of Limitations on Credit Card Debt in NY and NJ
The statute of limitations on credit card debt varies by state, impacting creditors’ rights to sue. In New York, it’s now three years, while New Jersey maintains a six-year period. Understanding these limitations is crucial, as acknowledging debt can reset the clock. Legal assistance can help protect consumers from collection lawsuits.
Midland Funding
Encore Capital Group, Midland Funding, Midland Credit Management, and Asset Acceptance Capital Corp. A Consumer Financial Protection Board Press Release states, “On September 8, 2020, the Consumer Financial Protection Bureau (Bureau) filed suit in federal district court in the Southern District of California against Encore Capital Group, Inc., and its subsidiaries, Midland Funding, LLC; MidlandContinueContinue reading “Midland Funding”
Defenses to Lending Club Collection Claims
Defend against Lending Club collection claims by challenging perceived excessive charges and deception, as seen in allegations of hiding origination fees. Debunk the legitimacy of the debt with improper documentation and procedural violations. Also, consider escaping litigation by negotiating a settlement or turning to arbitration for a user-friendly dispute resolution paid for by Lending Club.
Defending Debt Buyer Claims
Facing a debt buyer? Don’t panic! Arm yourself with knowledge and legal defenses. Request debt verification immediately and don’t shy from challenging the claimed ownership. Inaccuracies in their records? Dispute them in writing. If they push for a lawsuit, hire a professional for your defense. Bottom line: know your rights and keep records of everything. Curious to learn more? Reach out at (973) 598-1980 for a Free Consultation. Your defense against aggressive debt buyers starts here!
Addressing Lending Club and Webbank Credit Card Claims
The Law Office of Howard Gutman represents John Smith against Lending Club. Amid accusations of misleading advertisements and multiple FTC violations, the office seeks arbitration and proposes a $2000 settlement, payable at $100/month, considering Smith’s financial hardship.
Credit Card Defense 