DEFENDING AGAINST STEPHEN EINSTEIN DEBT COLLECTION
Stephen Einstein is one of the largest debt collection law firms in New
York. They represent a variety of original creditors but often represent
debt-buyers in pursuit of collection, litigation and judgment enforcement
efforts. They are well known for acquiring a large portfolio of debt cases
from Mel S Harris whom they acquired when it ran into substantial problems
some years back. Stephen Einstein represents different sectors of the
collection industry as they commonly represent Ally Financial and Credit
Acceptance Corporation, an original creditor and debt-buyer respectively
of auto-repossession debt. They also represent common credit card debt-buyers
such as Crown Asset Management and Pinpoint Technologies.
All of these creditors pursue the same collection avenues of pre-litigation
collection, followed by the filing of a lawsuit which often leads to a
default judgment and results in a wage garnishment or bank levy with judgment
interest accruing. It is critical for consumers to ask for validation
of the alleged debt against them when dealing with a debt-buyer client
and it is even more important to ask whether Stephen Einstein ever properly
filed and served notice of a substitution of counsel for cases that they
have taken over from firms such as Mel Harris. A failure to serve a consumer
with such a notice can be enough to have the entire case against them
dismissed. These legal defenses also provide the necessary leverage to
engage in settlement discussions to lower the debt amount on these matters
substantially.