CREDIT CARD DEFENSE CENTER OF NEW YORK

FREQUENTLY ASKED QUESTIONS

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What Is a Charge-Off?

A charge-off is when a bank or another creditor writes delinquent debt off its books.

When My Debt Is Charged-Off Debt, Do I Still Owe It?

Yes, you do! Don't be fooled. Debt does not simply disappear when it is charged off.

WHAT DOES "CHARGED-OFF," "BAD DEBT," OR "PLACED FOR COLLECTIONS" MEAN?

This means that you failed to make a payment on the account for longer than 120 to 180 days without a payment from you.
CAN DEBT COLLECTORS ADD SURCHARGES (INTEREST, FEES, CHARGES OR EXPENSES) TO THE ORIGINAL DEBT?

Describe the item or answer the question so that site visitors who are interested get more information. You can emphasize this text with bullets, italics or bold, and add links.

CAN I GET A JUDGMENT REMOVED FROM MY CREDIT REPORT?

Yes, often you can. But it depends on your particular circumstances.
IF I PAY A DEBT COLLECTION AGENCY THE FULL AMOUNT OWED, HOW WILL MY CREDIT REPORT BE AFFECTED?

In this situation, the consumer’s account will show a zero balance, but it will still have a notation explaining it was paid unsatisfactorily. Whether the consumer pays the full balance or pays a lesser amount agreed upon by the debt collector, an adverse notation generally remains on the consumer’s credit report for seven (7) years from the date the account was charged off as uncollectible. If a debt collector tries to convince a consumer that the payment will remove all negative notations associated with that account from the consumer’s credit report, the collector should send this commitment in writing to the consumer.
IS THERE A STATUTE OF LIMITATIONS (A TIME PERIOD FROM WHICH COLLECTORS CAN REQUEST PAYMENTS) ON DEBTS IN NEW YORK STATE?

Yes. Generally in New York a creditor has six (6) years, starting from when the last payment was due and not paid, to sue a debtor to collect on the amount owed. Although a creditor may attempt to sue a debtor after this period of time, the creditor will not be successful if you defendant the lawsuit. Additonlly, in NYS this law if curently chaging in the cimg months snd being reduced in time. We are now studying this new law, and will update this FAQ as necessary and warrented.

Hire the most experienced credit card defense attorneys in New York City, NY!

No matter how large, famous or seemingly powerful the company is which is after you for money, the consumer protection and debt defense attorneys at The Credit Card Defense Center of NY are ready to come to your defense today.

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Our experienced debt defense attorneys offer an aggressive debt collection defense with more than fifty years of combined experience and a proven track record of success when it comes to handling consumer debt lawsuits.

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Contact us today to consult with an attorney about debt defense anywhere in New York State. Here are some of the types of lawsuits we've handled:

ALL RESULTS ARE

A MATTER OF THE PUBLIC RECORD

Supreme Court – Westchester County: SOFI FUNDNG: As a home owner and single parent, our client ran into severe financial difficulties when she lost her job just as Covid-19 hit. She was forced to work in “gig” position and had to suffer with a substantial reduction in pay. Under these circumstances, her loan from SOFI was just too much for her and she stopped paying so she could put fund on the table and pay other essential like utilities and gas to get to her new “gig” work. After an 8-month struggle with the attorneys for Sofia Lending, including two court appearances, her $42,914 case SOFI case was settled for $29,158 with payments of $545 per month. Case ID: Shern

Supreme Court – Jefferson County: American Express sued our army spouse client for $12,000. After 8 months the parties settle for $6,200 payable over a 60-day period and the case will be over. Client was able to save more approximately 50% and a bunch of aggravation in the process. Case ID: Stanley

Supreme Court – Westchester County: AMERICAN EXPRESS wanted $29,792.89 from our small business client and bright a lawsuit to collect it. After a litigation struggle that lasted approximately 7 months, client settles for a down payment of $12,000 and $3,000 to be paid over a period of 9 months. Client is saving nearly $15,000 and has never had to step a day in Court. Case ID: Tony

Supreme Court – Suffolk County: AMERICAN EXPRESS sued for $25,000. Our client is retired and receives only pension income. Payment plan worked out allowing client to pay $125 per month. After a litigation struggle that lasted approximately 7 months, client settles for a down payment of $12,000 and $3,000 to be paid over a period of 9 months. Client is saving nearly $15,000 and has never had to step a day in Court. Case ID: Rita

Supreme Court - Nassau: AMERICAN EXPRESS CENTURION BANK sued our police sergeant client for $41,803.04 in June 2016. We fought Amex in Court for 19 months. Our client paid nothing to Amex during that time. Client was able to save $23, 000 to pay off Amex during that time. We ultimately settled in March, 2018 for $22,000, shaving $19,803 off his Amex bill. Client paid 4.7 % in legal fees and, therefore, saved a net $17,803. Result: Client saves a net $17,803 even after legal fees Case ID: Brian

Supreme Court – Monroe County OLIPHANT FUNDNG: Our client had multiple smaller debts and needed help with Oliphant Funding, a third party debt buyer. I got him a one third discount within three months. Simple. Happy Client. Case ID: Highdu

Supreme Court - Manhattan: AMERICAN EXPRESS CENTURION BANK sued our upper west side designer & condo owner for $35,000.. We litigated against Amex in Court for 15 months. Client paid $00.00 to Amex during this time. We settled for $21,000. Client was able to save $14,000 to pay off Amex, saving, saving $11,000 off his Amex bill and avoiding alLien on his main asset, his Central Park West condo. Result: Client saves $11,803 Case ID: Adam

Supreme Court - Manhattan: AMERICAN EXPRESS BANK, FSB wanted $25,502.94,000 from our soon-to-be-divorced mom with minor children. After a year of litigation in Court, Amex demanded a one-time payment of $17,000 to settle the case. Clients owns property and has a good profession but no support from soon to be ex-husband. Amex settled for $15,000 payable over 15 months. Client was charged a fee of 5% of the outstanding amount and saved over $10,000 off her Amex bill. Result: Case ID: Eileen

Supreme Court - Manhattan: AMERICAN EXPRESS wanted $550,000 from our corporate client and, after a year of litigation in Court, got exactly nothing. Client offered $200,000 to settle. American Express foolishly refused and greedily insisted on a settlement payment of $400,000. They got exactly $00.00. Client was charged a fee of less than 2% of the outstanding amount and walked away paying American Express nothing. Client saves 100%. Case ID: HC1

Supreme Court – Westchester County: AMERICAN EXPRESS wanted $16,746.17 from our small business client (trucking) and started the lawsuit in July, 2016. Sixteen months later, during which time the client paid nothing to Amex and no additional legal fees, the client settled for $8,534.00 and made a one-time payment, ending the matter once and for all, saving 50% in the process. Client was charged a total fee of approximately 7% of the amount being used for in the lawsuit by Amex. Result: Client saves 50%. Case ID: Bill

Supreme Court - Suffolk County: Client came to us when original creditor AMERICAN EXPRESS sued for $10,218. Eleven months later, the case was settled for $6,134. Client saves approximately 40%. Result: Client saves 40%. Case ID: SuDr1

Supreme Court - Manhattan: AMERICAN EXPRESS sued our client, a small, hard working self-employed business man, for $44,120.83. Eight months later, the case was settled for $30,000 payable over 12 months. Client saves approximately 32%. Result: Client saves 32%. Case ID: LoDe1

Supreme Court – New York County (December, 2021): AMERICAN EXPRESS: After suffering through an expensive and emotionally difficult divorce and then losing his restaurant business during the pandemic, our client retained us to defend him when American Express sued him in January, 2021 for $27,136. Ten months later, and after several court appearances, we settled for a $11,000 one-time payment, saving our client over $16,000. Case ID: Shaun

Supreme Court – New York County (October, 2021): AMERICAN EXPRESS: Our client, a restaurant supply company located on the West Coast, was sued for $470,000 dollars on a defaulted working capital loan. After a legal fight lasting over 46 months and involving 5 separate court appearances and including dozens of legal documents filed, American Express will now collect nothing. Instead, my client has simply closed his business, moved on to open a new and separate business, while American Express gets nothing except the $27,000 American Express was able to get from my client’s credit card processor based upon a UCC lien filed when the American Express loan proceeds were provided. Other than this $27,000, my client will pay not a dime to American Express, which means that I prevented American Express from collecting over $400,000 in this case. Case ID: Toro

Supreme Court – Orange County (June, 2021): AMERICAN EXPRESS: Sued for $97,000 in August, and facing mounting debt from a variety of sources both business and personal, as well as declining printing business, my client was without money and understandably desperate. The lawsuit was started in August, 2019 against his business and my client personally. Over a 21-month struggle with Amex, I prevented them from getting any money from my client or entering a judgment against him. During this 21-month period of time, my client was able to rearrange his business affairs to be able to resolve his Amex problems. Then, finally, in this month of June, 2021, we were able to resolve this $97,000 claim by for $36,000, payable in two payments 30 days apart, thereby saving my client $60,000 dollars without a judgment ever being entered against my client. Case ID: Chuck

Supreme Court – Queens County (May, 2021): AMERICAN EXPRESS: My client lost his job due to Covid-19 and then lost his dad to Covid-19 overseas while he was here living in the United States. The lawsuit was for $33,000 and was started on September, 2019. I fought this lawsuit for more than for 20 months during which time my client paid nothing to Amex and was able to save some money to eventually resolve this matter with Amex. Unfortunately, during this time, my client had to return to his home country to handle a far more difficult matter – the affairs of his deceased dad and seeing to the well-being of his mom, without having to worrying about Amex. And when he returned this month, May, 2201, I was lucky enough to be able to finally arrange a resolution of this m case which called for my client to pay one lump sum of approximately $11,000, saving him (66%) two thirds of the money being claimed by American Express. (And the client paid a one-time retainer fee and was never charged another dime in legal fees, despite saving about $32,000 off of the original claim. Another happy and satisfied client who I was able to help out in a difficult time. And that’s the way I like it. Case ID: Ray.

Supreme Court – Queens County (April, 2021): VELOCITY INVESTMENTS: My client, a small business entrepreneur was sued by VELOCITY INVESMENTS, a third-party debt buyer more than one year before ea. got involved in the case. Unfortunately, he had suffered a default judgment entered against him when the process server failed to legally served him at his place of residence as required under New York State law and lied about it in Court. When the client came to me, he had a judgment on his record for over $40,000 which was ruining his credit and preventing him from gaining new customers, obtaining business loans or even finding a stable place to live. I challenged the way the process server delivered the summons. And after a three-month court figh, we won the case by getting the judgment vacated and the case completely dismissed, thereby saving the client the entre $40,000 + dollars and he wound up paying nothing to Velocity Investments. He is now able to get his credit cleared up and move on with his life. And his legal fees were less than 5% of the outstanding judgment which I got vacated. Case ID: Danny/Queens.

Supreme Court – Onondaga County (April, 2021): NATIONAL DIRECT STUDENT LOAN: As a young, new teacher with minor children, my client struggled with student loans as she was only able to obtained a substitute teaching job after finishing her degree. Her student loans were unaffordable and she had to choose food for her children and rent payments over paying her student loan. And, then, she was sued for her outstanding $13,463 student loan in May of 2018. I fought this case in Court for nearly three years, during which time my client paid nothing on her student loan and was able to get a permanent teaching job and get on her feet. I made numerous court appearances in the process and, finally, in April, 2021 was able to obtain a settlement of $5,000 to cover everything, thereby saving the client more than $8,000. Case ID: ALICIA & JILL.

Supreme Court – Erie County (MARCH, 2021): AMERICAN EXPRESS: My client, a homeowner with two minor children, lost his employment as a result of the Covid-19 pandemic. He’s been training for a new career in another field. No matter, Amex continued its lawsuit that it started in February, 2019 for $10,173. Now, in March, 2021, more than two years after this lawsuit was started, and during which time my client paid not a dime to Amex, I was able to resolve this case with a 50% payment to Amex, with a two-payment agreement totaling of $5,087, with no interest or costs, saving my client more than $4,000 in the process, even accounting for legal fees. Case ID: Stachura.

Supreme Court – Orange County (MARCH, 2021): CITIBANK, NA: My client went through a tough year, financially and otherwise, over the last year but has been saving and diligently reducing her bills. She retained me in July, 2019 to defend against Citibank when they sued her for $6,386. The case was controlled and defended for 20 months while she saved and paid off her other bills. Then, in March, 2021, I was able to resolve the matter for a single payment of $3,800, saving the client nearly $3,000 in the process. Case ID: J-Lo.

Supreme Court – Kings County (JANUARY, 2021): BANK OF AMERICA: My client is a single mom homeowner in Brooklyn who fell upon hard times as a result of unexpected family health emergencies. My client tried to work out a payment plan for the full amount due when she was first sued. But Bank of America would not work out anything and, instead, started a lawsuit in May of 2019 for approximately $35,000. I defended the case for 20 months and my client paid nothing to B of A during this time. After a 20-month struggle, the case was finally settled in this month of January, 2021 for $23,000 total and payments scheduled for this amount over 24 months with no interest or costs, thereby saving the client more than $12K. Case ID: JANICEQ.

Supreme Court – Erie County (DECEMBER, 2020): DISCOVER BANK: My client was a long time NYS highway worker who was forced to take a disability retirement when the pandemic hit and is now on retirement. But Discover Bank started the lawsuit in June of 2019 for approximately $18,000. I defended the case for 18 months while my client paid nothing to Discover during this time. Then, the pandemic hit and my client chose to retire. After an 18-month struggle, the case was settled in December, 2020 for $9,000 total, with $1,000 down payment and monthly payments of $250 a month until the $9,000 is paid, with no accumulating interest, thereby saving the client more than $9,000. Case ID: MRIZZ.

Supreme Court – Westchester County (November, 2020): AMERICAN EXPRESS was after my client for $41,786 and sued him in April, 2019. I defended the case against Amex for a year when the Covid-19 pandemic hit. My client, an independent entrepreneur working to start up a digital finance business in New York City, was hit hard, as many of us were, with the onset of the health crisis. In fact, he had to move out of New York to try and start another business out-of-state. Amex chased him down and demanded full payment, bringing on a motion in Court for a full judgment, plus 9% statutory interest. Nevertheless, after a 19-month struggle, during which my client paid nothing to Amex, I was finally able to settle the case for a one-time payment of $12,236, ending the case, extinguishing the debt and saving the client more than $30,000, even accounting for the legal fees. Case ID: Mblum.

Supreme Court – Kings County (November, 2020): AMERICAN EXPRESS sued my client in for $26,742 in August of 2016 and he has not paid a dime to Amex for more than 4 years and until this month on November when we finally settled the case, after a struggle which involved several court appearances and in court motion practice, I was finally able to settle the case for a lump sum one-time payment of $10,000, thereby saving the client more than $16,000 and years of interest and court costs. Case ID: DerekD.

Supreme Court – Nassau County (October, 2020): BANK OF AMERICA sued my Licensed Massage Therapist and we fought the bank for more than two years. Just as we were about to fight motions in Court to control the case longer or maybe get it dismissed, Covid-19 hit. And my client’s entire profession was of course completely locked down. Given the unexpected circumstances, we decided to settle the case and were nevertheless still able to get a 40 percent discount for the client in settling the case with a payment term of 24 months without interest. Case ID: SBoy

Supreme Court – New York County (Manhattan) (September, 2020): AMERICAN EXPRESS sued my small business client located in Chicago here in New York State Supreme Court for $120,000. The case started in November 2019 and my client was struggling in his trucking business already. Then Covid-19 hit and my client’s business naturally had more difficulties adjusting to the new reality amid the pandemic. Finally, in March, 2020, and after a Court fight, the case was the case was finally resolved after a Court fight for a payment of $55,000 in full satisfaction of the claimed debt. Case ID: WESTW.

Supreme Court – New York County (Manhattan) (March, 2020): COLONIAL FUNDING NETWORK, a merchant cash advance company, sued my small business used car financing company client located in Texas here in New York State Supreme Court for $64,000 after advancing him several loans which he had paid back. Texas has been hit with dozens of major floods throughout the years, which have caused hundreds of deaths and billions of dollars in damage. My client suffered through several of these natural disasters which devastated his business and reduced his income. While recovering, and despite the fact that he borrowed money before and paid it back, COLONIAL FUNDING sued him just as he was getting back on his feet and a four-year court battle began. In March, 2020, that struggle was finally resolved with a settlement during trial. My client is paying 50% of the claimed amount over a one year period without interest or court costs, paying less than 10 percent of the claimed amount of the four-year court battel while paying Colonial exactly zero over this period of time.Case ID: NAZT1

Supreme Court – Kings County (Brooklyn) : AMERICAN EXPRESS sued my small business client for $159,000 after cutting off his credit line unexpectedly and without notice, essentially putting his small importing company out of business. Despite having forced my client out of business, AMERICAN EXPRESS still demanded the $159,000 payment be made within three years. I fought AMERICAN EXPRESS in Court for 10 months on behalf of my client. Client paid nothing to AMERICAN EXPRESS during that time. We ultimately settled in February, 2019 for $50,000, payable with $25.000 down and $25,000 payable over 11 months, with no interest or costs. Client saves $100,000 and paid less than $5,000 in legal fees. Case ID: Mauy

Supreme Court – Suffolk County: DISCOVER BANK sued my single parent dad in February, 2019 for $16,000 and demanded full payment plus interest and court costs. Finally, after an eleven month fight and a court appearance, case finally settled for $11,400. And client saves approximately $5,000 and enjoyed an attorneys’ fee of less than 7 percent of the lawsuit amount. A win-win for the client! Case ID: Brian D.

Supreme Court – New York County (January, 2020): AMERICAN EXPRESS sued my client just as she was dealing with a foreclosure and three other creditor lawsuits by major banks. Formally a member of the hardworking middle class, my client and her family have been undergoing significant financial challenges over the oats few years. American Express sued in the middle of all of this for $53,571.93 in November, 2018. I defended the case for 13 months through discovery, a court motion and two court appearances. And I wasable to finally successfully settle this case in January, ‘20 for $26,785 in total, payable over 23 months without interest or court costs. And the legal fees were less than 5% of the amount claimed by Amex. A total win for the client! Case ID: Scarsdale, NY

Supreme Court – Livingston County (December, 2019): DISCOVER BANK went after my small business client with a vengeance for $9600 and insisted, for eight long months, that my client pay this full amount to Discover Bank. The lawsuit was started in March, 2019 and was fought over an eight-month period, until December, 2019, when DISCOVER finally agreed to accept $4800 to resolve this matter once and for all. Case ID: DLoy

Supreme Court – Nassau County (December, 2019):

CAPITAL ONE BANK sued my client for $32,000 in July, 2017 and I struggled with the bank for a 2 years and 4 months while my client paid $00 to the bank during this time. My client was able to save money during this “Quiet Period”, allowing us to forge a settlement with Cap One in December, 2018 for a $14,000 one-time payment, thereby saving my client $16,000. DISCOVER finally agreed to accept $4800 to resolve this matter once and for all. Case ID: StarCase

Supreme Court – Erie County (November, 2019): JEFFERSON CAPITAL sued my client, a post office employee, for an old student loan debt. The lawsuit was started in October, 2016 for $15,927, and sought interest for 3 years at 9% (about $4200) and court costs (about $400). We fought the case for three years, just settling this month of November, 2019 for $6,000 total payout payable at $150 a month with no interest, no court costs, and no penalty of any kind, thereby saving the client approximately $10,000 in principal, thousands of dollars in interest and a lot of aggravation. Client paid less than 5% of the total claim in legal fees. Case ID: Justpayne.

Supreme Court- Orange County (October, 2019): DISCOVER BANK sued my attorney-client for $16,538 in principal in November, 2018 and claimed interest from the year 2017 at 9%, making the entire claim, with interest and court costs approximately $21,000. My client, a very accomplished woman in her 80”s, who is a milt-property owner, suffered unexpected real estate costs and a temporary illness from which she has since recovered very nicely. Because of these circumstances, her finances suffered and she wound up defaulting on her credit card payment to Discover Bank. I was able to buy my client 9 months of time after I was retained and was able to successfully settle this case for $11,179 payable over a one year period of time without interest or additional costs of any kind. Client saves a little less than $10,00 and avoids a lien on her real property holdings. Case ID: MWlf.

Supreme Court – New York County (October, 2019): AMERICAN EXPRESS sued my attorney-client for $56,500 in November, 2018. My client, a copyright attorney who was suffering a temporary slowdown in business and had incurred unexpected costs and expenses and needed some breathing room to get his practice restarted. We were able to buy our client 8 months of time after we got involved in the case. after a tough court fight and negotiation, We were able to successfully settle this case for $26,000 in total in the second week of August, 2019. Client paid the $26,000 on this $56,000 claim and the case was dismissed and client saved about $30,000. Case ID: Thorn.

Supreme Court – Suffolk County (September, 2019): AMERICAN EXPRESS sued my single-parent client for $29,500, which is an amount that can be brought in a lower local court rather than the more expensive and complicated Supreme Court of the State of New York. We got the case dismissed out of Supreme Court and transferred to the lower court. Thereupon, Amex agreed to a settlement of $11,500 or less than 40% of the original amount Amex claimed. Client paid the $11,500, case was dismissed and client saved about $17,500. By the way, we controlled the case Amex brought in Court for more than one year before reaching this settlement, during which time the client paid not a single penny to American Express. Case ID: RonPic.

üSupreme Court – New York County (August., 2019): AMERICAN EXPRESS sued my corporate client based in Texas in New York State Supreme Court in Manhattan for $395,000. I fought off American Express for exactly one year, give or take a day or two. After hours of negotiation and courtroom litigation, resulting in a negotiated settlement for a one-time patent of $130,000 to be paid within 24 hours of the settlement. Result: Corporate client saves $265,000 off his Amex bill and case is closed. Client okays under $10,000 in legal fees for this feat. Case ID: ComMEch.

üCivil Court – New York County (August., 2019): CITIBANK, NA went after my 75-year retired business man client with a vengeance of approximately $5,0000 on his Citi Card. The well-known collection firm assigned to this case aggressively brought on a motion in Civil Court to attempt to obtain a judgement against my client. I fought the case in Court for exactly two years, during which time my client paid nothing ($00.))) to Citibank during this time. Eventually, I, able to settle the case for the sum of $2400, payable at the rate of $100 per month for 24 months, a more affordable sum for my client. Case ID: LOuD

üSupreme Court – Putnam County (May., 2019): AMERICAN EXPRESS sued my fireman client for $65,000 after he got behind over unexpected expenses while building his upstate dream home and his wife suffered some temporary medical complications requiring planned home care after an eventful pregnancy. I struggled with AMERICAN EXPRESS for months and obtained assistance from an understanding Court in allowing my client enough time to get his finances together and make a payment plain. We were finally able to work out a disposition satisfactory to both sides that required my client to pay $40,000 within 30 days, which payment ended the case once and for all. Result: Client saves $25,000 off his Amex bill. Happy family ending too. New home finished, baby & mom safe and well. Client back to work as a good public servant. Case ID: Fireshield üSupreme Court – Kings County (April., 2019): Defaulted Students Loans are very troublesome. My client was sued in April, 2018 by NATIONAL COLLEGIATE STUDENT LOAN for $12,500. At the time, he was in between jobs and has young children. And his mother, a home owner with her home now at risk, was the co-signor. So, of course she was sued as a co-defendant. I stepped in, controlled the case, and stopped the entry of a judgment. Then, I defended the case for 10 months on behalf of my client and his mom. Case settled quietly with no muss and fuss for $8500 with payments of $175 a month for 48 months with no interest. Client happily saves $4,000 and a bunch of aggravation.

üCivil Court – Brooklyn (March., 2019): MASON INTERACTIVE, an internet design firm, had a default judgment against my client for approximately $30,000 in Civil Court, Brooklyn. I brought an Order to Show Cause and got a judge’s signature stopping the City Marshal, releasing the client’s bank account and vacating the judgment. I negotiated a settlement of $12,000, payable over 3 payments, saving the client approximately $16,000 after fees & costs. Case ID: InjMoh

üSupreme Court – Broome County (March., 2019): AMERICAN EXPRESS sued client and his corporation starting in 2015 for unpaid credit card bills. I struggled against AMERICAN EXPRESS for 3.5 years because the client had many good faith disputes that had not been fully addressed by AMERICAN EXPRESS. After refusing to resolve my client’s legitimate disputes in their favor, AMERICAN EXPRESS sought $130,000 in a lawsuit right in Supreme Court Broom economy. After court appearances and many court payments I were finally able to resolve the $130,000 case for a settlement of $45,00 in a one-time payment. That settlement payment was made easily by bank wire and, consequently, the client saved approximately $90,000, even after accounting for legal fees Case ID: Silsbee

üSupreme Court – Suffolk County (Feb., 2019): AMERICAN EXPRESS wants $45,000 from my client and sues just as he is having unexpected financial difficulties in his start up business. AMERICAN EXPRESS is kept under control for nine months so client can gather his wits and his funds. Case settled in February, 2019 for $20,000, payable with $15,000 down and $5,000 payable one month later. Client saves approximately $22,000 including legal fees. Case ID: Bender

üSupreme Court - Manhattan (Nov., 2018): NATIONAL COLLEGIATE STUDENT LOAN sued my working mom client for $46,000 nearly 5 years after her last payment on a student loan. But the suit was filed too late & in violation of the statute of limitations. Before trial, I brought on a motion (a written request to the court) to dismiss the case. Upon review of my motion, National Collegiate agreed to dismiss the case. Out client walked away paying nothing to this creditor, saving more than $46,000. Case ID: Angelina

üSupreme Court - Manhattan (Nov., 2018): AMERICAN EXPRESS sued my cash poor asset rich client two years ago for $30,000. Client settles for a one-time payment of $15,000 this month, after finally receiving his inheritance, and the case is over. Client was able to save more than $13,000 including legal fees and a bunch of aggravation in the process. Case ID: Mark

üSupreme Court - Nassau (Nov., 2018): AMERICAN EXPRESS sued my police sergeant client for $41,803.04 in June 2016. I fought AMERICAN EXPRESS in Court for 19 months. My client paid nothing to AMERICAN EXPRESS during that time. Client was able to save $23, 000 to pay off AMERICAN EXPRESS during that time. I ultimately settled in March, 2018 for $22,000, shaving $19,803 off his AMERICAN EXPRESS bill. Client paid 4.7 % of the outstanding claim in legal fees and, therefore, saved a net $17,803, even accounting for legal fees. Result: Client saves a net $17,803 even after legal fees Case ID: Brian

üSupreme Court - Manhattan (Oct., 2018): AMERICAN EXPRESS sued my upper west side designer & condo owner for $35,000 in Nov., 2016. I litigated against AMERICAN EXPRESS for 15 months while client paid $00.00 to AMERICAN EXPRESS during this time. $21,000 Settlement. Client had saved $24,000 to pay off AMERICAN EXPRESS, shaving $11,000 off his AMERICAN EXPRESS bill and avoiding a lien on his Central Park West condo. Result: Client saves $11,000.

Case ID: Adam

üSupreme Court - Manhattan (Oct., 2018): AMERICAN EXPRESS wanted $25,502.94,000 from my soon-to-be-divorced mom with minor children. After a year of litigation, AMERICAN EXPRESS demanded a one-time payment of $17,000 to settle the case. Clients owns property, has a good profession but no support from soon to be ex-husband and in divorce court. AMERICAN EXPRESS settled for $15,000 payable over 15 months. Client was charged a fee of 5% of the outstanding amount and saved over $10,000 off her AMERICAN EXPRESS bill. Result: Case ID: Eileen

üSupreme Court - Manhattan (Oct., 2018): AMERICAN EXPRESS wanted $550,000 from my corporate client and, after a year of litigation in Court, got exactly nothing. Client offered $200,000. American Express foolishly refused, insisting on a settlement payment of $400,000. They got exactly $00.00. Attorney fee for Client was only 2% of the outstanding amount and walked away paying American Express nothing. Client saves 100%. and pays $00.00 to American Express. Case ID: HC1

üSupreme Court - Westchester (Dec., 2017): AMERICAN EXPRESS wanted $16,746.17 from my small business client (trucking) and started the lawsuit in July, 2016. Sixteen months later, case settled for a $8,534.00 one-time payment, ending the matter once and for all, saving 50% in the process. Client was charged a total fee of 7% of the amount being used for in the lawsuit. Client saves 50%. Case ID: Bill R.

üSupreme Court - Suffolk (Dec., 2017): AMERICAN EXPRESS sued for $10,218. Eleven months later, the case was settled for $6,134. Client saves approximately 40%. Result: Client saves 40%. Case ID: SuDr1

üSupreme Court - Manhattan (Dec., 2017): AMERICAN EXPRESS sued my client, a small, hard working self-employed business man, for $44,120.83. Eight months later, case settled for $30,000 payable over 12 months, saving client approximately 32%. Result: Client saves 32%. Case ID: LoDe1

üNYC Civil Court - Manhattan (Dec., 2017): Original creditor BANK OF AMERICA sues my client in two different cases at the same time for a total of for $30,600. Six months later, case settled for $18,000 payable over 24 months, saving the client 41%. Result: Client pays exactly $30,000 to AMERICAN EXPRESS. Case ID: LoDe2

Contact Details

244 5th Ave,

New York, NY 10001

(212-591-0400)

info@creditcarddefensecenter.com

Business Hours

Mon - Fri: 9:30 am - 6:30 pm
Saturday: 9:30 am - 3:00 pm
Sunday: Closed

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