By Leslie H. Tayne, Esq.
February 24, 2023
“Should I pay the debt collector or original creditor?” That’s a question many people ask when they owe money but aren’t sure how to resolve the debt. If you have unpaid debt and collectors are calling you day and night, you might be wondering if it’s better to pay them or the original creditor. Read […]
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By Leslie H. Tayne, Esq.
February 20, 2023
Dealing with a large amount of debt can be stressful and confusing. That’s especially true if one or more debts have been sent to collections. Delinquent debts will harm your credit score and cause collectors to call you day and night. But before you can resolve the problem, you might need to know how to […]
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By Leslie H. Tayne, Esq.
February 15, 2023
If you’ve been contacted by a debt collector about a debt they claim you owe, you may start fearing the worst. You may wonder, can debt collectors take you to court, even if the debt doesn’t belong to you or you’re not obligated to pay? And how often do debt collectors take you to court […]
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By Leslie H. Tayne, Esq.
February 15, 2023
A merchant cash advance is an alternative financing option for small business owners, particularly those that don’t have a good enough credit history or haven’t been in business long enough to qualify for traditional business financing. But while a merchant cash advance may have an easy approval process, the cost might not be worth it. […]
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By Leslie H. Tayne, Esq.
February 10, 2023
If you’ve missed credit card payments or defaulted on a loan, the creditor will try to collect the debt through various methods. But if they’re unsuccessful, they may file a lawsuit against you in an attempt to collect the debt by obtaining a court judgment. If that’s happened, you might be wondering how to get […]
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By Leslie H. Tayne, Esq.
January 25, 2023
Unfortunately, debt is a way of life for most Americans. In 2021, total outstanding consumer debt reached a record $15.6 trillion, according to new data from the Federal Reserve Bank of New York. A large chunk of that debt came from mortgages and credit card balances, which increased by $52 billion in the last three […]
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By Leslie H. Tayne, Esq.
December 30, 2022
If a debt collector has contacted you, it’s critical to verify that the debt belongs to you and the information is accurate before you agree to pay or even acknowledge that it’s yours. Collection agencies are required by law to provide a debt validation letter after they first contact you, commonly referred to as proof […]
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By Leslie H. Tayne, Esq.
December 30, 2022
Getting in over your head with debt can be scary, especially if debt collectors have threatened to sue you. However, you have certain rights and protections as a borrower that are important to know. That includes the statute of limitations on debt, which varies by state. So if you’re a New York state resident facing […]
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By Leslie H. Tayne, Esq.
November 8, 2022
Shouldering a large amount of debt and struggling to keep up with payments is extremely stressful. And if you’re served papers in a debt collection lawsuit, it only adds insult to injury. You might feel like you’ve run out of options. You might be wondering: Can you settle a debt after being served? In short, […]
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By Leslie H. Tayne, Esq.
October 21, 2022
When your debt is out of control, it’s important to act quickly and find a solution. One option is debt settlement, which can help you eliminate your debt and pay less overall. But the debt settlement industry has its share of risks and scams. So you might be wondering: Are there dangers of debt settlement […]
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