Debt collectors make mistakes – a lot of them. Not all debt collectors, but a fair number of them. When they do, you need to be able to assert your rights. So let me share with you three very frequent…
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Send a text and be liable for a car accident?
The first time I saw this story, I thought it had to be a joke. It was some mid-August prank. But, after doing some checking, it turns out that it is real! Two judges in New Jersey’s court of appeals…
California Debt Blog: Debt Collection Near Top of Complaints
The Consumer Federation of America has put out a list of the top consumer complaints. Guess what is near the top? Yep, my favorite industry, the debt collection industry! This year, coming in at #3 on the list, is abusive…
Pay as You Drive Insurance Increasing in Popularity
A new study says that pay as you drive auto insurance is increasing in popularity. From Autoblog.com: “A survey by Lynx Research Consulting reportedly found that over 33 percent of drivers would consider signing up for a pay-as-you-drive plan, which…
California Debt Blog: New Rules in New York for Debt Collectors
The New York Department of Financial Services is proposing new rules for debt collectors.These rules include: 1. Have in hand basic information before they may contact people about a debt; 2. Provide documentation when a person disputes or requests verification…
The increasing cost of car insurance
CNN/Money has a new article out on the rising price of car insurance. I did not know this, but car insurance prices have gone up 23% over the last five years which is more than twice the rise in consumer…
California Debt Blog: Consumer Protection Financial Bureau To Crackdown On Creditors
In a welcome move by the Consumer Protection Financial Bureau, they announced recently that they are going to be investigating original creditor’s for unfair debt collection practices. According to a story at BusinessWeek.com, “The new policy, which follows efforts to…
Car insurance rates change based on education
We all know how you drive affects your insurance. Your experience, your driving record, your past number of accidents, all contribute to how much you pay for insurance. But, there are also a number of other factors that affect your…
California Debt Blog: Federal Officials Shut Down California Debt Collector
A great story from Jim Puzzanghera at the LA Times about the Federal Trade Commission, FTC, shutting down a Califlornia debt collector. Who was shut down, you ask? From the story “Among the companies targeted were Western Performance Group and…
FAQ: When can I get rid of collision coverage for my car?
Question: I do not think I need collision coverage for my car anymore. When can I get rid of it? Answer: This is a tricky question. Its a lot harder to answer than you think and there is no one…