• Report: #139975

Complaint Review: Pressler & Pressler

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  • Submitted: Sat, April 23, 2005
  • Updated: Sat, April 23, 2005

  • Reported By:Greensboro North Carolina
Pressler & Pressler
16 Wing Drive Cedar Knolls, New Jersey U.S.A.

Pressler & Pressler /New Century Financial Services. Some More Toxic Waste of The Collection Business Cedar Knolls New Jersey

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Pressler and Pressler is a partnership of lawyers who collect alleged debts.
The principal is Sheldon H. Pressler of Hopatcong, NJ.
These guys also help make the rules of the court in which they practice.
Pressler can probably never prove the debt you are alleged to owe.I suspect that New Century is a front for Pressler as Pressler cannot buy alleged debts and then sue in their own name. They set up New Century so they can buy debts which were written off by the original creditor. THIS IS FRAUD!

Here is how they work. An old credit card or loan company sells its list of bad debts to collection agency A who sells it to collection agency B who sells it to collection agency C who sells it to New Century. New Century usually says in it's complaint that "we have purchased the debt" leaving the impression that they bought it from the credit card or loan company. They usually do not have proof of the alleged debt (i.e. the contract) which is required, nor can they prove that they are the the new owners of the alleged debt.Pressler is notorious for violating the Fair Debt Collection Practices Act

Ricky
Garden city, New Jersey
U.S.A.

This report was posted on Ripoff Report on 04/23/2005 07:12 AM and is a permanent record located here: http://www.ripoffreport.com/r/Pressler-Pressler/Cedar-Knolls-New-Jersey-07927/Pressler-Pressler-New-Century-Financial-Services-Some-More-Toxic-Waste-of-The-Collect-139975. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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