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CREDIT DEFENSE ATTORNEYS
Maximize Your Score by Closing Zero-Balance Cards The Right Way
Before closing a zero-balance credit card, consider its potential effects on your credit score and financial health. Our experts are here to help.
What happens when you close a zero-balance card?
How much will your score drop?
When should you close a card?
Key Insights
- Credit Utilization: Closing a zero-balance card may increase your utilization ratio, lowering your credit score.
- When to Keep It Open: Keeping a zero-balance card can benefit your credit profile.
- When to Close It: Sometimes, closing a card is the best choice for your finances.
Understanding Credit Utilization
Your credit utilization ratio, which is 30% of your FICO score, measures card balances against total credit limits. Ideally, keep it below 30%. For example, if you have three cards with $5,000 limits and a $5,000 balance, your utilization ratio is 30%. But if you close one card, your limit drops to $10,000, raising your ratio to 50%, which can harm your score.
The Role of Credit History
Your credit history makes up 15% of your FICO score. When closing a card, consider the impact on your account age. Closing your newest card may minimize this impact.
Benefits of Keeping a Zero-Balance Card
If you're planning a major purchase, keeping the card open can help maintain a lower utilization ratio and a longer credit history. It also provides a backup for emergencies. Use the card for small purchases to prevent inactivity.
When Closing a Card Makes Sense
Consider closing a zero-balance card if:
- It has high annual fees without benefits.
- It encourages overspending.
- Your issuer faces security issues.
Steps to Close Your Zero-Balance Credit Card
First: Redeem all rewards you have earn so you don't loose what you've earned.
Second: Ensure the balance is zero.
Third: Transfer recurring payments.
Fourth: Contact the issuer or close online.
Fifth: Send a certified letter if needed.
Sixth: Check your credit report after a month to make sure the account is closed..
Seventh:Frequently Asked Questions
Final Thoughts
Keeping a zero-balance card can boost your score by lowering your utilization ratio and increasing your account age. However, closing it might be the best financial decision in certain cases. At Credit Card Defense Center, we guide you to make informed credit decisions. Explore our services today!
These Companies Help Employees With Student Loan Debt: Disclaime r: This information is provided for educational purposes only and should not be relied upon without further research. Policies and programs may change due to evolving laws and corporate practices. Always verify details with the respective company before making any decisions. Many prominent companies now offer student loan repayment assistance as part of their employee benefits. Below are 25 examples of employers providing this valuable support: 1. 23andMe • Offers $2,300 annually in tuition reimbursement. • Provides monthly contributions toward student loan payments. 2. Aetna (CVS Health) • Full-time employees can receive $2,000 annually, with a lifetime cap of $10,000 for student loan assistance. • Offers tuition reimbursement and refinancing assistance. 3. Ally Financial • Provides $100 per month in student loan repayment assistance, up to a $10,000 lifetime maximum. • Includes tuition reimbursement of up to $10,000 annually. 4. Andersen (Andersen Global) • Offers up to $12,000 in student loan repayment assistance. • Benefits available to employees working at least 20 hours per week. 5. Carhartt • Provides student loan repayment for employees or Parent PLUS loan holders. • Offers tuition reimbursement for education in “Carhartt career fields.” 6. Carvana • Collaborates with Gradifi to provide $1,000 toward employees’ student loans. 7. Chegg • Features the Equity for Education Program for student loan repayment assistance. • Offers tuition reimbursement for academic pursuits. 8. CommonBond • Provides student loan reimbursement as part of employee benefits. 9. Estée Lauder • Offers $100 per month toward student loans, with a lifetime cap of $10,000. • Provides reimbursement for tuition and academic materials. 10. Fidelity Investments • Employees can receive up to $15,000 in student loan repayment assistance. 11. Freddie Mac • Offers $9,000 in student loan repayment assistance for eligible employees. 12. Google • Provides up to $2,500 annually in student loan repayment support for full-time employees. 13. Guardian • Includes student loan repayment assistance in its benefits package. 14. Hulu • Offers $1,200 annually in student loan repayment assistance. 15. LiveNation • Provides $100 monthly payments, up to $6,000 lifetime, for student loan repayment. 16. National Grid • Employees can receive a lifetime maximum of $6,000 in student loan assistance. 17. New York Life • Provides $170 per month, up to $10,200, in student loan repayment assistance. 18. Nvidia • Offers $500 monthly, up to $30,000 total, for student loan repayment. 19. Peloton • Employees receive $100 per month toward student loans. 20. Penguin Random House • Provides $100 monthly, up to $9,000 lifetime, for student loan repayment. 21. PWC (PricewaterhouseCoopers) • Offers up to $1,200 annually, with a $10,000 lifetime cap, for student loan repayment. 22. Staples • Provides $100 monthly for up to 36 months for eligible employees. 23. SoFi • Offers up to $5,250 annually in tuition reimbursement and student loan repayment support, with a $25,000 lifetime cap. 24. Sotheby’s • Provides $150 monthly or $1,800 annually for student loan repayment assistance. 25. U.S. Government • Federal employees may qualify for up to $60,000 in student loan repayment assistance, subject to program requirements. Key Considerations About Student Loan Repayment Benefits Before pursuing a role with student loan repayment benefits, consider the following: • Eligibility requirements: Are these benefits limited to full-time employees or available to part-time workers? • Lifetime caps: What is the maximum amount you can receive? • Tax implications: Contributions up to $5,250 annually may be tax-free under the CARES Act (until 2025). Public Service Loan Forgiveness (PSLF) Even if your employer doesn’t offer loan repayment benefits, you may qualify for forgiveness through PSLF if you work full-time for a government agency or nonprofit. This program forgives federal student loans after 120 qualifying payments. Private Student Loans Not all repayment assistance programs include private loans. Check with your HR department or loan servicer to explore options such as refinancing or alternative repayment plans. By exploring these options, you can better navigate your student loan repayment journey.
How to Remove Your Information from People Search Sites: A Step-by-Step Guide If you're concerned about your privacy and want to remove your personal information from people search websites, you can take proactive steps to do so. While the process can be time-consuming and sometimes complicated, it's possible to either manually request removal or use services that monitor these sites for you. Below is a detailed guide on how to go about it. What Are People Search Sites? People search websites (also known as people finder sites) aggregate and sell data about individuals, such as your: Name, age, and date of birth Marital status and family information Address and phone number Employment history Criminal record These sites collect data from public records, social media, and other data brokers, and often display this information freely or offer paid reports with more detailed information. Examples of such sites include BeenVerified, Spokeo, Intelius, and Whitepages, among many others. While there are legitimate uses for people search sites (such as reconnecting with an old friend or conducting a background check), they also pose significant privacy risks. Hackers, stalkers, and identity thieves can exploit this publicly available data to target victims. How to Remove Your Information from People Search Sites Removing your information from people search websites can be a challenging and time-consuming task, but it is possible. You can either take a DIY approach or use paid services that handle the removal process for you. Here’s a step-by-step guide for doing it yourself. 1. Search for Your Name Start by searching your name on popular search engines to identify which search sites have your information listed. This will give you a list of sites to target. For a thorough search, consider using incognito mode in your browser to avoid personalized search results. 2. Check Major People Search Websites Next, search for your information on major people search sites. Common sites include: BeenVerified FamilyTreeNow FastPeopleSearch Instant Checkmate Intelius PeekYou PeopleFinders Pipl Spokeo TruthFinder Whitepages Some sites may require you to pay to access full details, but this isn’t necessary if you only want to confirm that they have your information before proceeding with an opt-out request. For a more exhaustive list of data brokers, check resources like: The Privacy Rights Clearinghouse list of data brokers Yael Grauer's Big Ass Data Broker Opt-Out List Big Ass Data Broker Opt-Out List The New York Times' Guide to Doxxing Yourself on the Internet Doxxing Yourself Guide 3. Submit Opt-Out or Deletion Requests Once you've identified where your information is listed, visit each website and look for an opt-out or removal request form. You may need to search for terms like “remove,” “delete,” or “opt-out” alongside the name of the website. Keep in mind the following tips: Create a dedicated email account: People search sites may ask for an email address to verify your identity or send opt-out confirmations. Using a new email will help you stay organized and prevent spam. Multiple sites under one umbrella: Some companies own several people search sites. For example, PeopleConnect operates Intelius, Instant Checkmate, Truthfinder, and US Search. Using the PeopleConnect Suppression Center allows you to remove your data from all these sites at once. Submit multiple requests: You may need to submit requests for multiple pages or profiles, especially if variations of your name (e.g., typos or middle initials) appear. Important note: Removal requests may not always be successful. While companies may delete or suppress your information from their search results, they might still retain it in their databases, especially if the data comes from public records. 4. Wait for Confirmation It can take several days or longer for people search sites to process your request. Once your information is removed, it should no longer appear in public search results. To verify, search for your name on the site again after a week or two, using incognito mode to simulate what others will see. 5. Monitor for Future Listings Since people search sites constantly update their databases, it’s important to check periodically to ensure your information hasn’t been added back. Additionally, new sites may emerge over time. Set reminders to check back every few months. How to Protect Your Identity Going Forward Removing your information from people search sites is just one step in protecting your privacy. Here are other ways to reduce your digital footprint and protect your identity: Limit what you share online: Avoid posting sensitive information on social media and consider tightening the privacy settings on your accounts. For example, Facebook allows you to restrict who can see your posts. Delete unused accounts: Go through old online accounts you no longer use and delete them. This reduces the amount of personal information floating around online. Use privacy monitoring tools: Consider services like Experian's Personal Privacy Scan. They offer one-time scans to check if your information appears on people search sites. If you're a paid Experian member, you can also receive ongoing monitoring and assistance with removal requests. Sign up for identity theft protection: Services like Experian IdentityWorks or LifeLock monitor your personal information across databases, alert you to suspicious activity, and help protect your credit. Some services also include recovery assistance if your identity is stolen. State-level protections: If you are at risk of stalking or domestic violence, check for address confidentiality programs in your state. These programs allow you to substitute your address with a confidential one for certain public records, helping protect your safety. The Bottom Line People search sites can expose a wealth of personal information, which can be exploited by criminals or individuals with malicious intent. While removing your data from these sites can be an ongoing task, taking proactive steps—whether manually or with the help of privacy tools—can greatly reduce your online exposure. For more detailed information about protecting your privacy online, consider exploring resources on doxxing prevention, identity theft protection, and reducing your digital footprint.
On December 20, 2024, the Consumer Financial Protection Bureau (CFPB) sued Zelle's operator and major banks, including Bank of America, JPMorgan Chase, and Wells Fargo, for failing to protect consumers from fraud. The lawsuit alleges that these banks, co-owners of Early Warning Services (which operates Zelle), were responsible for losses exceeding $870 million over the past seven years due to inadequate fraud prevention. The CFPB claims Zelle and the banks neglected to implement safeguards and failed to investigate consumer fraud complaints.
Five Quick Ways to Boost Your Credit Score Today! Improving your credit score doesn’t have to be a long, drawn-out process. By following these simple steps, you can make a noticeable impact on your credit score quickly—sometimes in just a few weeks. If you’re serious about repairing your credit, these tips will help set you on the right path. 1. Use Goodwill Letters to Remove Late Payments One of the quickest and easiest ways to improve your credit score is by addressing late payments. Start by reviewing your credit report and identifying any late payments within the last two years—especially from companies you still do business with (like a credit card issuer). Write a goodwill letter explaining why you were late and kindly ask them to remove the late payment from your record. Many creditors will agree to do this, especially if you can provide a reasonable explanation. It’s a simple, effective method to improve your credit score without much hassle. 2. Increase Your Credit Limits Another great way to raise your credit score is by increasing your available credit. Contact your credit card issuer and request a higher credit limit. A higher credit limit helps lower your credit utilization ratio, which is a key factor in your score. Many credit card companies will approve limit increases without checking your credit report, and they’ll report the new limit to the credit bureaus within 30 days. This could have a positive impact on your score right away! 3. Dispute Inaccurate or Outdated Negative Information Review your credit report for any inaccurate or outdated negative entries. If you notice any mistakes—such as accounts that aren’t yours or incorrectly reported late payments—dispute them with the credit bureaus. Pay special attention to the “date of last activity” for each negative entry. If these dates are incorrect or have been “re-aged” to appear more recent, it could hurt your score unnecessarily. Make sure this information is accurate across all three major credit bureaus (Equifax, Experian, and TransUnion). 4. Become an Authorized User on a Family Member's Account If you have a friend or family member with a strong credit history, ask them if you can be added as an authorized user on their account. This can boost your credit score by incorporating their positive credit history into your report. While credit scoring algorithms are becoming more sophisticated, this tactic is still effective for most people. Just ensure that the primary account holder has a good payment history and a low balance-to-limit ratio. 5. Create a Debt Payoff Plan If you’re carrying high credit card balances, the best thing you can do is work to pay them down. The closer your balances are to your credit limits, the more negatively it will affect your score. Start by paying off the cards with the highest interest rates or the highest balances. If possible, pay down at least 70-80% of the balance—this will significantly improve your credit utilization ratio and boost your score. If you’re struggling to come up with the funds, consider borrowing from a friend or family member, or transferring your balance to a lower-interest credit card. By following these simple steps, you can quickly raise your credit score and improve your overall financial health. These strategies are efficient and impactful, helping you focus on the actions that make the biggest difference. "FICO" Credit Scores Your FICO Score is the most widely used credit score by lenders and reflects your true creditworthiness. To get your official FICO Score, visit MyFico.com or Equifax. Keep in mind, other credit scores are just estimates and may not give you an accurate picture of your credit health. Credit Monitoring Credit monitoring is a service that tracks your credit report every day and alerts you to any new changes or activities, such as new accounts or late payments. Staying on top of your credit helps you catch issues early and ensures you can take action before they impact your score. Ready to take control of your credit and improve your financial future? Let us help you navigate the process of credit repair with professional guidance and support. Reach out today to learn how our services can help you build a better credit score and achieve your financial goals.
Got a default judgment against you ? We can hep in most circumstances. Read On... A default judgment is a serious legal issue that affects many consumers and businesses. It occurs when a plaintiff wins a civil case because the defendant fails to respond or appear within the required timeframe. Unfortunately, default judgments are all too common, and they can have devastating consequences, including wage garnishments, bank levies, and liens. How Default Judgments Happen Default judgments often arise due to improper or faulty service (ie: delivery ) of legal papers because, in many cases, process servers hired by debt collection law firms deliver the legal papers to the wrong address or even falsify their reports on the affidavit (ie: proff ) of service. As a result, you will never receive the lawsuit until it's too late, And, then, a judgment could very easily break entered without your knowledge. Ouch !! Sometimes our clients move without updating addresses with creditors. And if the debt collectors use outdated addresses, you might not get notice of a lawsuit and can lose by not showing up ti Court and a default judgment will be entered sgjunt you. Misunderstanding or ignoring a summons: Some individuals may receive legal notices but dismiss them as scams, not realizing the serious consequences of failing to respond. Creditors, including debt buyers like Midland Funding and LVNV Funding, as well as original creditors such as Bank of America and American Express, frequently seek default judgments. A troubling trend we've seen is the high rate of defaults in Merchant Cash Advance (MCA) cases. In these business debt cases, creditors often bypass traditional service requirements, sending notices by mail or email. Yet, many fail to ensure the correct addresses, which can lead to default judgments against businesses that were never properly served. Vacating a Default Judgment If you’ve had a default judgment entered against you, there are options to challenge and vacate it. Under New York's CPLR (Civil Practice Law and Rules), there are two key ways to have a judgment overturned: CPLR 5015: A default judgment can be vacated if you can show a reasonable excuse for not responding and present a meritorious defense. This motion must be made within one year of learning about the default judgment. Additionally, if service was improper (e.g., to the wrong address), the judgment may be voided. CPLR 317: This rule allows for the vacation of a judgment without a reasonable excuse, as long as a meritorious defense is asserted. It’s especially useful in Merchant Cash Advance cases where businesses are rarely served personally. However, the motion must be filed within one year of learning about the judgment, and within five years of its entry. While CPLR 317 can be very helpful, especially in MCA cases, the five-year cap means it may not apply to older judgments. Why Vacating a Default Judgment is Critical Vacating a default judgment can provide significant relief. It: Reopens your case: You can defend yourself and present your case on its merits, rather than losing by default. Stops enforcement actions: Any existing bank levies, liens, or wage garnishments will be lifted, preventing further financial hardship. Prevents further accrual of interest: Default judgments can result in interest accumulating on the debt, but vacating the judgment stops this process. Shifts the burden back to the creditor: Once the case is reopened, the burden of proving the debt shifts back to the plaintiff. If you’re deal with a default judgment right now, don’t wait for the situation to worsen. The Credit Card Defense Center of New York is here to help you understand your rights and explore your options for fighting back. Our experienced team specializes in credit card defense, debt collection cases, and vacating default judgments. Contact us today for a consultation and take the first step toward regaining control of your financial future. about the default judgment. Alternatively, under CPLR 317 a judgment can be vacated without having to show a reasonable excuse but only a meritorious defense instead if the defendant was not personally served. However, the motion must be made within one year after notice of the judgment and within a maximum of five years of the entry of the judgment. Although CPLR 317 is a fantastic rule for vacating Merchant Cash Advance default judgments due to the fact that they rarely ever try to personally serve businesses, the five-year cap prevents people and businesses with older judgments from using it. The meritorious defense needs only to be asserted and not proven although it does need to be legitimate. This is important so as not to become involved in a full hearing about meritorious defenses which should be done in litigation once the matter is re-opened.Vacating a default judgment is important because it re-opens the case and allows the defendant to defend themselves on the merits instead of losing on default. It is also important because it removes any bank levies, liens or garnishments that are in place or that could be brought. Finally, it stops judgment interest from accruing and brings the leverage back on to the side of the consumer or defendant and places the burden to prove the case back on to the plaintiff.
What Happens When You Dispute a Debt? If you dispute a debt in writing during the validation period, the debt collector must stop trying to collect the debt—or any part of it that's in dispute—until they provide verification of the debt. This means that once the debt collector receives your written dispute, they cannot continue collection efforts until they send you proof of the debt or a copy of a court judgment. To resume its collection, the debt collector must send you the verification (such as a copy of the judgment or other documentation) in writing or electronically. If they choose to send it electronically, they must follow the rules outlined in a law called the the E-SIGN Act, which sets guidelines for electronic communications. Ways to Dispute a Debt in Writing: You can dispute a debt in several ways, including: • Mailing a letter to the debt collector. • Sending an email or using an online portal, if the collector accepts electronic communication. • Delivering a dispute in person or via a courier service. Special Situations: By the way, if the consumer is deceased and has not disputed the debt, someone authorized to handle the deceased person's estate can dispute the debt on their behalf. Important Note: By the way, just because you don’t dispute a debt doesn’t mean you’ve admitted to owing it. Failing to dispute the debt doesn’t automatically mean you are legally responsible for it. See the law about this at 12 CFR 1006.38(d)(1).
Seniors in debt do not have to worry about thier Social Security or pensions bin seized by he debt collectors in New YIrj beach this money is exempt.
Revive your credit to empower your future ! Improving your credit score is possible. But it takes time and dedication.
Because we are on our way Court for you instead... . As New York Credit Defense Attorneys , we focus on helping clients navigate and resolve debt-related challenges without the need for bankruptcy. While bankruptcy may seem like a quick solution, we believe that most clients can avoid this drastic step by working through their financial difficulties. Bankruptcy often means relinquishing control over your financial life and facing long-term consequences that can be avoided with the right credit defense strategy. Each debt defense plan we design for you and will be a tailored solution for your particular financial and credit circumstances with the objective of reaching solutions that address our clients' unique financial situations. Our goal is to help our clients overcome their debt and debt collection issues and finding resolutions through negotiation or legal defense in Court, and, ultimately, move toward a better financial future. This is why we specialize in credit and debt defense and not bankruptcy. By working with the The Credit Card Derfense Center, you can protect your assets and avoid the pitfalls of bankruptcy, regaining control of your financial life. Common Defenses in a Debt Collection Case A defense is a reason why the plaintiff should not win the case. You tell the Court your defenses when you answer the summons and complaint or when you ask the Court to vacate default judgment. You must then prove your defenses in Court. If you prove your defenses then the plaintiff will lose and you will win the case. Listed below are examples of defenses to a debt collection case. Read the explanations carefully to see if any of them apply to you. Everyone’s case is different. Some of the defenses may apply to you and most may not. You can also tell the Court about a defense that is not listed below. You should tell the Court about all of your defenses. In defending you, we will use these defenses if appropriate in your case . You do not owe the money .
We'll u se this defense when you simply do not owe the money that the plaintiff is asking for. You dispute the amount of the debt - Plaintiff is suing for the wrong amount of money
This defense is used when the plaintiff sues you for the wrong amount of money in the complaint. All the amounts listed must be right, including interest, collection costs and attorneys fees. Plaintiff has been unjustly enriched.
This defense is used when the money in the complaint is much higher than what you think you owe and you've been, in essence, taken advantage of in the transaction in question. Remember interest can make the money you owe higher than the original money that you borrowed. But in dealing with these cases, we never have our clients wind up paying interest when we resolve these cases. The credito r is violating the duty of good faith and fair dealin g .
This defense is used when you think that you have tried to take care of this debt in a fair way, but the other side has not been fair or was not honest with you. Plaintiff waited too long to sue you . This is called laches, which is a defense used when the creditor waited too long on purpose to bring you to court or to sell your debt to the plaintiff. This case surprised you and the delay is very bad and makes it hard for you to defend the case. The amount of delay depends on the facts of each case. If the creditor has a good reason for the delay this defense will not win. Contract is very, very unfair or, in other words, unconscionable. This defense is used when the agreement was not fair and is very, very one-sided. “Shockingly” unfair. We use this defense mainly as bargains leverage in negotiating with the debt collector and the collection attorneys. Statute of limitations has passed. In other words, it's simply too late too for the debt collector to sue you. Statute of limitation laws are in place because waiting too long to sue you is inherently unfair because, a s time goes by, people and companies lose old records and people do not remember details as well. Because of this there is a struct time limit for bringing lawsuits. This is called the "statute of limitations". In New York, as of April 7th 2022, the Consumer Credit Fairness Act established a 3-year time limit on many kinds of debts including all consumer credit transactions. If you are sued in certain other kinds of consumer debts, longer statutes of limitations may apply. Contact us at the Credit Card Defense Center for more details about this defense. Also, as of April 7th, 2022, any additional payments on the debt after the statute of limitations has expired will not extend the limitations period for most types of consumer debts. And, if the company is based outside of New York State, of the contract is to be interpreted under the law of another state, the statute of limitations may be shorter depending on that state’s statute of limitations. We simply do a comparison and use the defense on the shorter statute for your benefit. You filed bankruptcy, and it included this debt. .
This defense is rare because once you file bankruptcy, your debts are dealt with in federal court and no longer in the Courts of the State of New York. Simply put, if the debt was discharged in bankruptcy you do not owe the money. The secured property (collateral) was not sold at a commercially reasonable price. This is our very favorite defense when it comes to vehicle reoissesions. in fact, if yr veggie as reposted and you are being sued for s defocilmcy, we can usually put up a very good defense based on the way the vehicle was repossessed and sold atmost likely, an auction. and most likely for less money that it was actually with at the tie of the sale. If you don’t pay your debt, the collateral is sold to pay back the money you owe. If the money from the sale of the collateral does not cover the entire remains debt, the plaintiff may sue you for the difference. The repossessed collateral should be sold by the debt collector or the debt collection attorney for a “commercially reasonable” amount, which is a fair, market price. You never had a contractual relationship with the plaintiff. We call this a lack of standing. In other words, the creditor or debt collector has no contractual relationship to you
This defense is used when you don't know who the plaintiff is and how the plaintiff got to own your debt. The plaintiff may have bought your debt from the person or company that you owed money to. Because you never signed a contract with the plaintiff who bought your debt, you can ask if the plaintiff can sue you (also known as standing to sue you). The plaintiff must prove to the court that it owns your debt. To do this, the plaintiff must have a contract of sale (assignment) that says your debt has been sold. You were only an authorized user.
This applies when the credit card associated with the debt is in another person’s name and that person gave you permission to use their credit card. If you were only an authorized user but never agreed to be responsible for paying the card then you cannot be held responsible for the credit card debt. You are a victim of identity theft or mistaken identity. Identity theft is when somebody steals your name and personal information and opens up credit accounts in your name pretending to be you. You are not responsible for debts that a thief made in your name. Mistaken identity is when you are sued for somebody else’s debts because you have similar names or identifying information. This defense is used when your identity was stolen, or if this is someone’s else’s debt. Full or Partial Payment of the Debt
. This defense is used when you have already paid all or part of the money that the plaintiff is suing you for. If the debt is paid off, you should not have to pay it again. Whether this is a full or partial defense to the lawsuit depends on how much of the debt you have paid. Special New York City Defenses Only If the NYC Department of Consumer and Worker Protection shows no record of plaintiff having a license to collect debts in New York City, will prevent company which buys debt from another company or an original creditor buys debts, the company must be licensed by the NYC Department of Consumer and Worker Protection. If the plaintiff is not licensed, that is a defense to this case. So, we will determine if the debt collector is license and tie that as a defense f it s not.
Most debt buyers, known in the legal world as "assignees", must be licensed by the NYC Department of Consumer and Worker Protection and must list the license number on the complaint. This defense can be used if the plaintiff did not list a license number. The court may dismiss the case or may let the plaintiff change (amend) the complaint to list the license number.
If you've received a letter from The Credit Card Defense Center or another attorney, it means a creditor has filed a lawsuit against you in New York State Court. Your case is now part of the public record, and attorneys can offer their services even if you haven’t been formally served. Ignoring the lawsuit or failing to respond could lead to a default judgment, wage garnishment, property liens, and frozen bank accounts. It's crucial to take immediate action upon receiving such a letter to protect your rights and prevent these consequences.
Contact The Credit Card Defense Center today for a free consultation to discuss your options, understand the legal process, and learn how we can help you defend against the lawsuit and avoid financial harm.