Are you owed money by a business or an individual residing in the state of New York? If so, you should know the statute of limitations for debt collection, how long you have to collect your claim under New York state law. Like many things, debt collection claims can go
You’ve sent the invoices. You’ve made the calls. But the payments still aren’t coming. If you’re dealing with stubborn non-payers, it might be time to bring in a professional. Today, we’re breaking down 5 clear signs it’s time to hire a debt collection attorney. Sign #1: Unpaid Invoices Are Being
The Click-to-Cancel Rule, an amendment to the Federal Trade Commission’s (FTC) Negative Option Rule, was designed to protect consumers from deceptive subscription and recurring billing practices. The rule, which was announced in 2024, aimed to make canceling a subscription as simple as signing up for it. Days before the rule
What happens to the interest earned on collected debt sitting in your debt collection attorney’s IOLA account? When a creditor hires a debt collection attorney, the attorney aims to collect all that they can, including the principal, interest, and reimbursement of attorney fees. In a perfect world, the creditor would
Would a history of late or non-payment on a person’s credit report, as reported by debt collectors, affect your decision to hire that person? If so, you are part of the reason the New York State Legislature is seeking to ban the use of credit reports in employment decisions. Lenders,
If you’re a business trying to collect on your receivables, you might be wondering if the law considers you a debt collector. Recent changes to New York City’s debt collection rules have broadened the definition. This expansion could affect more businesses than ever before. While these new rules are designed
In the world of debt collection negotiations, timing and persistence are everything. The difference between recovering a debt and losing it altogether often comes down to maintaining momentum. Keeping the debtor engaged, informed, and responsive throughout the process is key to achieving a successful outcome. But what does it look
In January 2025, the CFPB (The Consumer Financial Protection Bureau) released a report as of 2022 detailing the increase of American consumers use of Buy Now, Pay Later (BNPL) loans to purchase goods on line. We had written about the BNPL loans earlier this year voicing concern over the potential
Although debt collection tends to get a bad rap, there are several economic benefits to using a debt collection attorney. If you’re a creditor, using a collection attorney can help improve the efficiency, effectiveness, and legality of the debt recovery process. Unpaid debts can accumulate interest or fees, but if
Numbers tell a story, but you need more to succeed and win your New York debt collection case. Establishing liability between you and your delinquent customer is key. But rather than presenting the documentation to the non-paying client, you need to prove it to the court or arbitrator. You must