Monthly Archives: June 2014

What Laws Apply to Loans?

A lawyer’s understanding of the laws that apply to loans is essential for effective collection efforts. In New Jersey, some loans fall under usury statutes, while others do not. “Usury” has come to take on a different meaning over time. Initially, it referred to interest and later came to mean substantial interest on loans. New …Read More »

Definition of a Construction Lien

NJ construction lien law allows contractors and other construction professionals to place a lien on real property after completing work on the property. Understanding this type of lien and its implications can help individuals protect their legal interests. Background As far back as the Roman times, a person would place a construction lien on a …Read More »

Why Should You Hire a Collections Lawyer Instead of a Collections Agency?

Collection agencies are limited in the scope of what they can do when collecting debt. The Fair Debt Collection Practices Act (FDCPA) makes it clear that collection agencies cannot send demand letters without an attorney reviewing them. The agency cannot inform a debtor about turning over the matter to the legal department, and most agencies …Read More »

Representation in Collections Matters for Secured Vehicle Loans

The process of debt collection can vary depending on the type of debt at issue. Both commercial and consumer debt can present different challenges. A skilled New Jersey collection attorney can educate you on your legal options so you can make an informed decision about how to proceed. Secured vs. Unsecured Debt Unsecured debt is …Read More »