Our client, a banker contacted us because she was alarmed to find out that
there was a default judgment dating from 2004 against her. As a banker,
any defaulted debt and especially a judgment can have a substantial negative
impact that can lead to the loss of a license or job. In this case, the
original creditor Wells Fargo sold the alleged debt to Metro Portfolios,
Inc., whom hired Cohen & Slamowitz, now known as Selip & Stylianou
to obtain a judgment against our client so they could collect the debt.
As with most debt matters, our client was a victim of sewer service and
was never served properly with the summons and complaint. She also stated
that she never had an account with a Wells Fargo in the first place. Because
of judgment interest which accrues at 9% annually in New York, this debt
had accrued over the years to over $8,400 from about $2,200.
The client initially learned of this action because her job received a
wage garnishment notice from the Marshal’s office. In this case
it was imperative to vacate the judgment against our client so that it
would no longer affect her at her job. We immediately contacted Selip
& Stylianou to notify them that we would file to vacate the judgment
and ask for this debt to be dismissed as we believed that Metro Portfolios
would not be able to prove that they were the rightful owners of this
debt and that they would not be able to properly link our client to this
debt. Selip quickly decided to vacate the judgment against your client
and offered a settlement of $500 to finalize the matter. This saved our
client an enormous amount off of the entire debt and prevented her from
having to incur additional legal costs.