The New York Times recently published an article about debt collectors who resort to using pseudonyms when calling debtors. They justify this behavior because they claim the debtors their agents call routinely threaten them with violence. The Times did manage to point out that the Federal Trade Commission reported that the . . . → Read More: Debt collectors using pseudonyms in New York may be breaking the law
|
||||
|
26 Court St, Suite 2211 68 South Service Road, Suite 100 |
As you can imagine, the light at the end of the New York bankruptcy tunnel is a discharge order from a bankruptcy judge. A discharge means that creditors cannot attempt to extract payments on these debts and must write them off themselves. It also means that you now have an opportunity . . . → Read More: Collecting on discharged debts in New York is illegal Imagine you are sitting in your New York home enjoying dinner with your family. The phone rings. Mispronouncing your name, the person on the other end asks if you’re available. You ask who it is. The voice says he selling new decks and that you badly need a new one. You hang up the phone feeling . . . → Read More: Auto-Dialed by a Collector in New York? Know Your Rights! Being under financial stress makes people extremely vulnerable to scams, whether in New York or elsewhere. The key is being aware, being educated and being skeptical. And of course, it never hurts to have an experienced New York bankruptcy attorney to check in with. Here are five common mortgage scams that every New Yorker should know about. . . . → Read More: 5 common mortgage scams for New Yorkers to beware of  Leave a comment  Bankruptcy, Foreclosure, Loan modification, Mortgage, Scams, Uncategorized  Bankruptcy, Brooklyn Bankruptcy, Eastern District of New York, Foreclosure, Loan modification, Manhattan bankruptcy, Mortgage, New York Bankruptcy, New York Bankruptcy Lawyer, Scams, Southern District of New York, Suffolk County Bankruptcy  Not so fast..... H&R Block a usurious moneylender? That’s not the standard image for H&R Block or other major tax preparation agencies. However, part of their business does in fact involve making loans at what works out to be a rather high interest rate. Tax preparation agencies frequently make “Refund Anticipation Loans” or “Refund Anticipation Checks” to clients who use their services to file their taxes. Generally in connection with lower income clients. In a sense, these loans are comparable to payday loans. You expect to receive a check, in this case a refund check. But you want to have the cash now. So they write you a check today in exchange for the money you would receive down the road. And they get to keep a piece of it. The problem is, much like with Continue reading Refund Anticipation Loans and the Earned Income Tax Credit You see them all over: Payday lenders. Are they legitimate? Should you be wary? Nasdaq ran a recent article about how the payday loan business is doing. And here are a few things you should know about them: 1. There’s not really any limit on interest rates offered by payday loan . . . → Read More: Payday Lenders: What you should know Foreclosure rescue scams are one of the notable side effects of the ongoing foreclosure crisis in New York and across the U.S.. Companies seem to spring up everywhere offering to assist you with your foreclosure problems and promising you that if you work with them you can avoid foreclosure. By and large, these are not very . . . → Read More: Foreclosure Rescue Scams: 4 things to look for Elizabeth Warren’s role as head of the Consumer Financial Protection Agency is shaping up to be the focus of a political battle. But it really shouldn’t be. If there was ever someone in D.C. who was actually looking out for the interests of the American people and the U.S. economy, and who actually had the power to . . . → Read More: Why Elizabeth Warren is the best consumer watchdog we could hope for Some bankruptcy and debt collector stories seem a bit over the top. This one is way over the top. But it’s also a good example of the lengths that debt collectors will go to. An Erie, PA-based debt collection agency set up its office to look like a courtroom and held fake hearings. All in an effort . . . → Read More: What WON'T debt collectors do? New Yorkers in search of debt relief often seek out debt settlement companies. As I’ve mentioned in previous posts, debt settlement companies should really be avoided and are not to be trusted. That said, the Federal Trade Commission (FTC) recently issued new rules intended to protect consumers from debt settlement companies. So in the event you’re still . . . → Read More: New FTC Rules on Debt Settlement Companies: What you should know |
|||
|
Copyright © 2012 Rosenberg, Musso & Weiner, LLP - All Rights Reserved Powered by WordPress & the Atahualpa Theme by BytesForAll. Discuss on our WP Forum |
||||