Scams Archives - Page 4 of 7 - Bankruptcy Attorney in Brooklyn, New York

CFPB Consent Order One More Reason to Stay Away From Debt Settlement

Credit cards, Creditors, Debt, Scams / By Matt Leichter

When New Yorkers have more credit card debt than they can cope with, they sometimes turn to debt-settlement companies, hoping to stay out of bankruptcy. Usually the agreement with the company involves debtors redirecting payments meant for creditors to the debt-settlement company until it can reach an agreement with the debtors’ creditors. The snag: It’s …

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Debt collectors using pseudonyms in New York may be breaking the law

Leave a Comment / Bankruptcy, Debt, Scams / By Matt Leichter

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 number of complaints against …

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Collecting on discharged debts in New York is illegal

Leave a Comment / Bankruptcy, Debt, Scams / By Matt Leichter

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 to start over and …

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Auto-Dialed by a Collector in New York? Know Your Rights!

Leave a Comment / Bankruptcy, Debt, Scams / By Matt Leichter

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 …

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5 common mortgage scams for New Yorkers to beware of

Leave a Comment / Bankruptcy, Foreclosure, Loan modification, Mortgage, Scams / By Matt Leichter

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 …

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Refund Anticipation Loans and the Earned Income Tax Credit

Leave a Comment / Bankruptcy, Debt, Scams / By Matt Leichter

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 …

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Payday Lenders: What you should know

Leave a Comment / Debt, Scams / By Matt Leichter

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 companies. That means that …

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Foreclosure Rescue Scams: 4 things to look for

Leave a Comment / Foreclosure, Scams / By Matt Leichter

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 …

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Why Elizabeth Warren is the best consumer watchdog we could hope for

Leave a Comment / Bankruptcy, Debt, Legislation, Mortgage, Scams / By Matt Leichter

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 …

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What WON’T debt collectors do?

Leave a Comment / Debt, Scams / By Matt Leichter

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 …

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CFPB Consent Order One More Reason to Stay Away From Debt Settlement

Debt collectors using pseudonyms in New York may be breaking the law

Collecting on discharged debts in New York is illegal

Auto-Dialed by a Collector in New York? Know Your Rights!

5 common mortgage scams for New Yorkers to beware of

Refund Anticipation Loans and the Earned Income Tax Credit

Payday Lenders: What you should know

Foreclosure Rescue Scams: 4 things to look for

Why Elizabeth Warren is the best consumer watchdog we could hope for

What WON’T debt collectors do?

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