News is abuzz about changes to how “debt collectors” can contact consumers to collect debts. Texts, emails, voice messages and more are part of the changes to the Fair Debt Collection Practices Act proposed by the Consumer Financial Protection Bureau. Federal and local state statutes regulate consumer debt collection. You
Want to place a claim for collection with NY debt collection attorneys FFGN? Here are some suggested steps to make the process smooth for you and ensure the best results.
When a client is ignoring your demands for payments, you need to do something to move debt collection forward. That something is applying the right amount of pressure. Professionally speaking, you do not want to strongarm your client or have your actions considered harassment, intimidation or any other unethical behavior.
For those of the Jewish faith, the Beth Din is an option to traditional legal debt collection in New York. New York state recognizes the rabbinical court. As such, any arbitration awards are enforceable in New York state courts. This means that any award rendered by the Beth Din can
The disclaimer “past results do not guarantee future performance” is true of many things including the recovery rate for commercial debt collection. A prospective client asked if I maintained statistics of our past NY Debt Collection claims. Whether he wanted to size us up, confirm the likelihood of collecting his
You sued and won your New York debt collection case. The judgment issued in your favor allows you to lien the debtor’s real property. The following NY debt collection judgment lien created is valid for up to 10 years. But what happens after a decade is up? Does the lien
Even if you are not a lender by its strict definition, you can still place a lien on real property — such as a house or apartment — owned by your non-paying client in a New York debt collection case. The key word is “can.” In many instances, the money judgment
We previously highlighted the benefits of Confessions of Judgment in New York debt collection. Typically, when our clients who are collecting a debt wish to avoid litigation, we recommend utilizing confessions of judgment. Recent reports regarding the debt collection practices of the merchant cash-advance industry have spurred greater public awareness of
More debtors than ever are paying by credit cards or through apps linked to their credit card, but these come with a processing fee. Who pays the credit card fees on debt payments? Until recently, New York banned merchants from burdening customers with a “surcharge fee” when they paid by
Are you wondering whether you should have a jury trial for your New York debt collection case? The courtroom can be dramatic, which may or may not be something you want. Debt collection cases where there is a dispute of facts that are not settled or won through motion practice