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Tag Archives: New York

New York: Great Pizza, Bagels… & Debt Collection Laws?

Written by Dave Perry on May 4, 2013.

1. New York residents would get notice from the court clerk when a legal collection action has been filed against them. 2. Creditors, collectors and debt buyers would be required to bring much more to the court at the initiation of a lawsuit in order to substantiate claims of indebtedness, such as:

  • The name of the original lender.
  • Original account number (last four digits).
  • When the debt was last paid.
  • Itemization of the amount being sought in the collection suit (original balance, collection fees, finance charges, attorney costs).

3.

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Credit Reporting Exceptions for California and New York

Written by Tim Peak on February 9, 2011.

The credit reporting time limit is 7 years for most negative credit report information. However, in California and New York there are specific exceptions for certain types of credit report information. If you’re a resident of these states, certain information like tax liens or debt collectors may stay on your credit report shorter or longer than other pieces of information.