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Debtor Protections and Consumer Rights in New York: An Attorney’s Perspective

FFGN COLLECT NY

In addition, the attorney must provide a list of income types protected from collection should the court grant the debt collector a judgment on the case. You must inform consumers about the debt specifics. Debt buying is a common practice in New York. First, payday loans are illegal in New York.

Debtor 52
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Debt Collectors Are Thriving This Year – And Now They’re Filing Even More Suits

Collection Industry News

It primarily had the CARES Act to thank: The bill delivered hundreds of billions of dollars worth of stimulus checks and bulked-up unemployment benefits to Americans, while easing pressures on them by halting foreclosures, evictions and student loan payments. Debt-buying executives couldn’t help marveling at their good fortune.