Arlington Attorney Sues Daniel Goldstone, Owner Of Norfolk Financial Corp on Behalf Of Consumers

Yvonne W. Rosmarin, an Arlington attorney who has sued Chad Goldstone and his brother Daniel Goldstone, owner of Norfolk Financial Corp. on behalf of other consumers, said she believes it is unfair and misleading for the Goldstones to suggest to debtors that they do not have to go to court, without telling them that they will automatically lose their cases if they do not appear.

More information from the BOSTON GLOBE on the above story is at: www.boston.com/news/special/spotlight_debt/part1/page6.html

You may want to consider contacting Yvonne if you want to slap a lawsuit on Norfolk Financial Corp. Don't let them get away with debt collecting and debt reporting practices that violates your consumer rights. We are aware of several consumers considering a class action lawsuit against Norfolk Financial Corp.

Yvonne W. Rosmarin, Attorney
58 Medford St.
Arlington, MA 02174
Phone: 781.648.4040
Fax: 781.643.6164

Norfolk Financial Corp. Plays Dirty Tricks On Consumers In Effort To Win Lawsuits

If you get sued by Norfolk Financial Corp you may not even know about it. Why? Because they're known to give your OLD address to the courts so you never receive the notice to appear and thus lose on default! Is that dirty or what?

Losing a car is bad enough. But losing a car, a house, and a job was what faced Michaelyn S. Rackley and her husband, Raheem R. Weldon, after Norfolk Financial filed a lawsuit against Rackley - and sent notice of the suit to the wrong address. She lives in Athol. Norfolk sued her at an address in Waltham. Yet, Norfolk Financial was well aware of her current address. Nonetheless, Norfolk won in court because she obviously never appeared since she did not receive the court notice. Amazingly, she's not the only victim of such dirty lawsuit practices by Norfolk Financial Corp.

Read the full story at:
http://www.myfairdebt.com/forum/viewtopic.php?p=742&sid=677bbccd840004b21e44673d66f5ed1e

Join Us In Our Fight Against Norfolk Financial Corp

Are you a victim of Norfolk Financial Corp's unfair debt collection practices? Are they harrassing you? Are they reporting false information to credit bureuas? Have they re-aged an account to keep it on your credit reports? If you feel your rights have been violated let us know at norfolkcomplaints@fastmail.fm

In the meantime, make sure to report them to the proper State and Federal Agencies in both Rhode Island and Massachusetts. This blogs provides all the addresses and contact details you need to get in touch with such agencies.

If you have an attorney make sure to let him or her know about this blog. We have gathered quite a paper trail on Norfolk Financial Corp. Together we can make sure they'll be held responsible for their illegal credit reporting and debt collecting practices.

Norfolk Financial AGAIN under investigation in Mass., opens office in R.I.

As reported in the Boston Globe, Daniel W. Goldstone, owner of Norfolk Financial Corp., is being investigated by the Massachusetts attorney general's office for debt-recovery practices.

Here's a laugher of a statement made by John J. O'Connor, a Boston lawyer who works as Norfolk's processing agent. He told the Providence Journal that the Norfolk Financial Corp moved to comply with new Massachusetts licensing requirements and for Rhode Island's "vibrant business climate and geographical convenience." Come on, typical lawyer hogwash. We fell over laughing after reading that statement in the Boston Globe by Norfolk Financial Corp's cronie.

Here's the bottom line. Rhode Island is one of a few states in the country without a state statute governing debt-buying or collecting companies according to the National Consumer Law Center.

More information is available on Norfolk Financial Corp being investigated at http://www.boston.com/business/ticker/2006/10/norfolk_financi.html

Norfolk Financial Corp, Currently Under Investigation by Massachusetts Attorney General, Being Reported to OCABR

Although Norfolk Financial Corp is now hiding in Rhode Island, if you are a consumer in Massachusetts and victim of Norfolk's seedy debt collection and bogus debt reporting practices, you should also report them to the Consumser Affairs and Business Regulation Office (OCABR).

As the the link in the previous post has shown, Norfolk has On Sept. 7, Norfolk Financial hired an Uxbridge debt-collection lawyer, Richard R. Hubbard, to handle about 1,000 cases in which Norfolk had already filed suit against Massachusetts consumers, according to court filings and an interview with Hubbard. This is yet another one of their tactics to hide in Rhode Island "safe" from Massachusetts debt collection laws and thus, still abuse the rights of consumers in Massachusetts. IMO Hubbard is a fool to work with such a company that is currently under investigation by the Massachusetts Attorney General's office.

Below is a link to the Online Complaint Form to report Norfolk Financial Corp to OCABR and keep the heat on Norfolk owner, Daniel Goldstone.

http://www.mass.gov/?pageID=ocaterminal&L=5&L0=Home&L1=Consumer&L2=Banks+%26+Banking&L3=Consumer+Complaints+%26+Public+Resources&L4=Complaints&sid=Eoca&b=terminalcontent&f=dob_complaint&csid=Eoca

Unlicensed, Norfolk Financial Corp Close Doors In Massachusetts To HIDE In Rhode Island

After years of hunting down thousands of Massachusetts consumers for old credit card debts, the brothers who own two of the state's busiest and most notorious debt-collection firms have closed their local offices, rather than seek licenses to operate legally here.

Several months ago was the deadline for Daniel W. Goldstone, owner of Norfolk Financial Corp., and Chad E. Goldstone, owner of Commonwealth Receivables Inc., to apply for licenses from the state Division of Banks. Rather than comply, Norfolk has moved out of its West Roxbury office and set up shop in Rhode Island, a state that does not require licenses for collection firms.

"We do not have any laws or regulations that require the licensing of a traditional debt collector," said Richard Bernstein, executive council of Rhode Island's Division of Business Regulation.

Christopher M. Lefebvre, a consumer lawyer in Pawtucket, said, ``We're behind other states, like Massachusetts, that at least try to have a system in place that protects consumers." He added that ``in Rhode Island, anything goes." No wonder why Norfolk Financial Corp moved to Rhode Island.

Our own investigation has shown Norfolk is still using TWO addresses in Boston to confuse the credit bureaus and make it difficult for consumers to dispute their bogus reporting - a violation of the FAIR CREDIT REPORTING ACT.

Read the full story at:

http://www.westerncapitalfinancial.com/news_goldstone.html

Will Federal Trade Commission Take Action On Norfolk Financial Corp?

Some people think the Federal Trade Commission (FTC) rarely acts on a single consumer complaint but the truth is they often do take action even on a single complaint. They also often get other federal and state agencies, commissions and bureaus involved when necessary (e.g. IRS, FDA, FBI, CIA, etc.)

If you feel Norfolk Financial Corp. of Boston, MA and Cumberland, RI has violated your rights report them to the FTC. Below is a link to the FTC's Online Consumer Complaint Form you can simply fill out and submit. Spread the word to others. The more complaints the better.

https://rn.ftc.gov/pls/dod/wsolcq$.startup?Z_ORG_CODE=PU01

Another Site To Report Your Experience With Norfolk Financial Corp.

ConsumerAffairs.com is another great place to report a complaint about Norfolk Financial. They WANT to hear about it. All complaints are reviewed by class action attorneys and are considered for publication on their site. ConsumerAffairs.com says Knowledge is power! Help spread the word. File your consumer report now.

Click the link below to file your complaint about Norfolk Financial Corp.

http://www.consumeraffairs.com/php/a_report.php

Where To Submit Complaints About Norfolk Financial

Norfolk Financial Corp. of Boston, MA and Cumberland, RI uses two different company addresses when reporting to Experian, Equifax and Trans Union agencies. Massachusetts and Rhode Island consumers should submit complaints to BOTH Massachusetts and Rhode Island agencies as well as the Federal Trade Commission. Below are the addresses of those agencies and bureaus. Sometimes next week I'll add some information on various Consumer Protection Organizations we have spoken with recently.

MASSACHUSETTS CONSUMERS:

OFFICE OF THE ATTORNEY GENERAL
Consumer Complaint Division
One Ashburton Place
Boston, MA 02108
Consumer Complaint Form (PDF)

FEDERAL TRADE COMMISSION
101 Merrimac Street
Boston, MA 02114
(617) 424-5960

BUREAU INFORMATION SERVICES
Better Business Bureau, Inc.
235 West Central Street, Suite 1
Natick, MA 01760-3767

RHODE ISLAND CONSUMERS:

DEPARTMENT OF ATTORNEY GENERAL
Consumer Protection Unit
150 South Main Street
Providence, RI 02903
Consumer Complaint Form (PDF)

RHODE ISLAND BETTER BUSINESS BUREAU
120 Lavan Street
Warwick, Rhode Island 02888-1071

Fight Back Against Norfolk Financial

This is just a quick thanks to Credit Info Center for allowing us to post our complaint on their popular and informative forum for other consumers to join the fight against Norfolk Financial Corp's bogus debt collection practices. Our objective is to put more pressure on the Massachusetts and Rhode Island Attorney Generals to fine this company for violation of the FAIR CREDIT REPORTING ACT and the FAIR DEBT COLLECTION PRACTICES ACT.

We also want all the major credit bureaus to be FULLY aware of Norfolk Financial's reporting practices. With enough of complaints (along with documented proof) EXPERIAN, TRANS UNION and EQUIFAX will ingore their reporting.

Here's a link to our invitation to join the fight against Norfolk Financial Corp:

http://www.debt-consolidation-credit-repair-service.com/forums/showthread.php?t=261006

Massachusetts Consumer Warns Others Of Norfolk Financial

According to this consumer who posted on Ripoff.com, Norfolk Financial Corp sues people triples the charges and takes them to court as stated by this Boston/Worcester Massachusetts consumer who said Norfolk Financial steals people's money and their cars...

More information at:
http://www.ripoffreport.com/reports/ripoff129579.htm

Consumer Says You Don't Have To Be Victimized By NORFOLK FINANCIAL - Boston, MA and Cumberland, RI

This company uses unfair and deceptive practices to collect debts. They are a 3rd party agency. They purchase your account for pennies on the dollar, and then sue you. In my case I owed $300 to a credit card company, and I admit that I did not pay it, I lost my job, and had a terminally ill parent that I had to stay home and take care off.
when this company got my file I offered them the $300 that was owed on my account they said NO.......I also told them that I was moving out of town for a while to take care of my parents. They apperently sent letters to the same address and to an address that I have not lived at for more than 5 years, when I failed to respond ( b/c I was not there they sued me)...

More Information available at:
http://www.complaints.com/directory/2005/november/4/30.htm

Boston Globe Reports On Norfolk Financial

Though they are among the top filers of collection lawsuits in Massachusetts,
neither company is registered as required by law with the state Division of Banks,
which is charged with oversight of debt collection companies. Through their attorney,
the Goldstones claim they are exempt because they purchase the debts they try to collect, and do not collect debts for other creditors. But David J. Cotney, chief operating officer for the Massachusetts Division of Banks, said every company in the state that collects defaulted debt, including Norfolk and Commonwealth, must be licensed. ''I don't know what basis they would use to exclude themselves,'' he said.

http://www.boston.com/news/special/spotlight_debt/part1/page4.html

Another Consumer Complains About Norfolk Financial

Is Norfolk Financial re-aging this consumer's account in attempt to collect on a debt that has passed the SOL? If so, they are making serious violations of this consumer's rights according to THE FAIR CREDIT REPORTING ACT.

http://www.debt-consolidation-credit-repair-service.com/forums/showthread.php?t=259474&highlight=norfolk+financial

A Massachusetts Sheriff's Department Says Norfolk Financial Not Properly Registered As Debt Collector

Officials of the sheriff's departments in Norfolk and Worcester counties also disclosed
that both Norfolk Financial and Commonwealth Receivables notified them recently of their desire to cancel more than 200 pending auto seizures. Bellotti said that Chad Goldstone, the owner of Commonwealth, told the sheriffs that he was suspending collection action because his firm was not properly registered as a debt collector with the state.

http://www.barrios2006.com/pressroom/view_article.cfm?ID=6

U.S. District Judge Comments On Disbarred Lawyer Daniel Goldstone, Owner Of Norfolk Financial

Disbarred lawyer named Daniel Goldstone who buys up low-quality debt to collect by way
of hardball methods, and who appears to be no gem; his conduct provoked liberal
U.S. District Judge Nancy Gertner into applying Rule 11 sanctions, something she
told the Globe she had NEVER felt compelled to do in any other case in her twelve years
on the bench.

http://www.overlawyered.com/2006/07/small_claims_collections.html

Sears, Roebuck Sues Goldstone & Sudalte, Daniel W. Goldstone's Law Firm (Owner of Norfolk Financial)

In a lawsuit filed by Sears, Roebuck against Goldstone & Sudalter, federal District
Judge Richard G. Stearns found that Daniel W. Goldstone's law firm bilked Sears out
of more than $800,000 through two fraudulent billing schemes.

Here's the link to the court documents:

http://www.boston.com/news/special/spotlight_debt/document_viewer/sears_roebuck/