Articles from Shenwick & Associates

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New York Times: Your Credit Score May Soon Look Better

Submitted by Anonymous (not verified) on Mon, 06/26/2017 - 20:04

By STACY COWLEY

About 12 million people will get a lift in their credit scores next month as the
national credit reporting agencies wipe from their records two major sources of
negative information about borrowers: tax liens and civil judgments.

New York Times: The Car Was Repossessed, but the Debt Remains

Submitted by Anonymous (not verified) on Mon, 06/19/2017 - 22:36

By Jessica Silver-Greenberg and Michael Corkery

More than a decade after Yvette Harris’s 1997 Mitsubishi was repossessed, she is still
paying off her car loan.

She has no choice. Her auto lender took her to court and won the right to seize a
portion of her income to cover her debt. The lender has so far been able to garnish
$4,133 from her paychecks — a drain that at one point forced Ms. Harris, a single
mother who lives in the Bronx, to go on public assistance to support her two sons.

“How am I still paying for a car I don’t have?” she asked.

New York Times: Wells Fargo Is Accused of Making Improper Changes to Mortgages

Submitted by Anonymous (not verified) on Thu, 06/15/2017 - 18:13

By Gretchen Morgenson

Even as Wells Fargo was reeling from a major scandal in its consumer bank last year,
officials in the company’s mortgage business were putting through unauthorized
changes to home loans held by customers in bankruptcy, a new class action and
other lawsuits contend.

WSJ: U.S. Household Debts Hit Record High in First Quarter

Submitted by Anonymous (not verified) on Wed, 05/17/2017 - 19:40

By Ben Leubsdorf

The total debt held by American households reached a record high in early 2017, exceeding its 2008 peak after years of retrenchment in the face of financial crisis, recession and modest economic growth.

The milestone, announced Wednesday by the Federal Reserve Bank of New York, was a long time coming.

Taxi medallion litigation updated

Submitted by Anonymous (not verified) on Tue, 05/09/2017 - 19:20

In our continuing posts about issues related to the decrease in the value of taxi medallions in New York City, this month we are covering two lawsuits regarding the dramatic drop in taxi medallion values. The first lawsuit involves two taxi medallion owners who have filed lawsuits against the New York City and the Taxi and Limousine Commission (“TLC”).

New York City tax medallions continued

Submitted by Anonymous (not verified) on Thu, 04/27/2017 - 18:24

Our February post on taxi medallions and their significant loss in value generated much reader interest. In this month’s email, we’ll update readers on taxi medallions and related issues.

New York City taxi medallions continued

Submitted by Anonymous (not verified) on Thu, 04/27/2017 - 18:24

Our February post on taxi medallions and their significant loss in value generated much reader interest. In this month’s email, we’ll update readers on taxi medallions and related issues.

NY Times: Workers Find Winning a Wage Judgment Can Be an Empty Victory

Submitted by Anonymous (not verified) on Mon, 04/17/2017 - 18:27

By SARAH MASLIN NIR
The sign above Soft Touch Car Wash on Broadway in the Inwood neighborhood of Manhattan declares, “Open 24 hours,” but last month the bustling carwash suddenly closed. It was the same at the four other carwashes owned by the same family in New York City and the surrounding area: the phone lines disconnected, the hoses and wash mops idle and dry.

We've moved!

Submitted by Anonymous (not verified) on Tue, 03/14/2017 - 21:11

We are pleased to announce that we've moved to a new location near Grand Central Terminal.  Our new address is: Shenwick & Associates, 122 East 42nd Street, Suite 620, New York, NY 10168.  Please update your records accordingly.

Our phones and e-mail addresses remain the same.  We look forward to continuing to serve you from our new location!

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