The Cost of Inaction: Hunkering Down and Dealing with Your Debt
When people are struggling with overwhelming debt, it can lead to serious depression and cause them to simply give up. Many resign themselves to the fact that there’s nothing more they can do and just spend the rest of their lives trying to keep their heads above water. Unfortunately, mounting interest rates and collection agent […]
Has Your Credit Been Flat-Lined Thanks to Crippling Medical Debt?
If you’ve ever had to endure a hospital stay, you know that every single service administered – from the CAT scan to the pudding cup – costs multiple times more than you would ever pay outside of a hospital. Quite frankly, when you get your final hospital bill, it’s enough to put you right back […]
Student Loans Leading Cause of Debt in United States
It’s official: college debt has officially dethroned credit card expenses as the largest chunk of debt in the country, affecting over 43,000,000 million Americans and totaling approximately $1.4 trillion dollars. Americans have difficulty paying back student loans for a variety of reasons, not the least of which being that, in a cruel sort of irony, […]
Growing Demand for Cash-Out Refinances
With home values steadily rising since the mortgage crisis of 2008, more and more homeowners are looking to tap into their home equity in order to pay down debt or make big purchases. According to Freddie Mac, in the third quarter of 2016, the total amount of home equity cashed out rose to 17.6 billion […]
Prohibited Practices Amongst Debt Collectors May Give Rise To Legal Action
If you or a loved one is receiving countless daily phone calls, emails, or any other form of communication from debt collectors, you can take steps to stop these unwanted communications. Many debt collectors participate in harassing behavior, make false statements, or engage in unethical practices, which are prohibited and may give rise to legal […]
Bill Seeks to Exclude Attorneys as “Debt Collectors”
There is a bill that is currently sitting in Congress that would exclude attorneys from being defined as “debt collectors” when representing creditors and free them from all liability in debt collection proceedings. The Practice of Law Technical Clarification Act of 2018 amends the existing Fair Debt Collection Practices Act by providing special protections for debt […]
Debt Disputes & Negotiations
New York Debt Lawyer Advocates for Clients With Debts in NYC Being buried under a mountain of debt can be overwhelmingly frustrating. You toss and turn at night, obsessed with how you are going to climb out of debt. Often, people turn to Chapter 7 or Chapter 13 bankruptcy as a way out. However, bankruptcy […]
New York’s Recent Law Curbing Confessions of Judgment Abuse
Governor Andrew Cuomo approved legislation last August to limit the use in state courts of confessions of judgment. Confessions of judgment allowed creditors to freeze and seize a borrower’s assets without any litigation—the only thing they had to do was file an affidavit in a New York state court. The New York debt harassment defense […]
New York Blocks Debt Collectors From Seizing Stimulus Payments
People across the country are receiving stimulus checks to stay afloat during these trying times. Fortunately, New York is blocking banks and debt collectors from seizing stimulus payments delivered to residents by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Our New York debt relief attorneys explain how New York is protecting millions […]
Small Business Debt Relief During COVID-19
The current health pandemic has affected thousands of people across the country, especially small business owners. Small businesses aren’t only dealing with the responsibility of keeping employees and customers safe, but they are also dealing with financial difficulties. Our New York debt relief attorneys have put together debt relief options and resources to help small […]