Amazing story over at Caveat Emptor. Unifund gave him documents showing that they file 14,172 collection lawsuits from January 1, 2004 through July 31, 2006. According to Caveat Emptor, that is 450 lawsuits per month. Of that, almost 9,000 resulted…
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California Debt Blog: Update about foreclosure practices
I wrote before about trouble for borrowers with bankruptcy and foreclosures. Well, the New York Times is out with a follow up story. The United States trustee has issued subpoenas for records from Countrywide. The inquiry is about how Countrywide…
New Ballot measure in California
Our new insurance commissioner has proposed a ballot initiative to try to reduce the number of uninsured motorists. The link to the story: Proving rumors true, California Insurance Commissioner Steve Poizner has filed a draft ballot initiative with the state…
California Debt Blog: Debt Collection Law Firms Fail Victim to Scam
This is an interesting story out of Cleveland. Sheryl Harris reports that law firms that handle debt collection cases are being scammed by a group out of Asia. The scam works, according to Harris, as follows: “The pitch is simple:…
Lawsuit tales are frauds!
Yep, that email you get about the Stella Awards: it is a fraud! None of those stories happened. Honest. Don’t take my word for it. Rick Casey at the Houston Chronicle did an article on it recently. He also debunked…
Flimsy Bumpers Cause Damage
A report from the LA Times is fascinating to me. Flimsy bumpers on cars are causing an awful lot of damage in 3mph accidents. Apparently, design issues are part of the problem. The Insurance Insitute for Highway Safety, an auto…
California Debt Blog: Follow up on Ohio
I posted the other day about the foreclosure case in Ohio. Well, here is a link to the decision, compliments of the Hamilton County Law Library. The best part: read the last footnote on the last page of the decision….
California Debt Blog: New Report – Payday loans
If you recently read the story in the Sacramento Bee about my lawsuit against Cashcall or read about it on the blog, you know that there are some concerns with the collection practices, as well as the interest rates on…
Health Net Fined
From another source: California officials fined Health Net Inc. $1 million Thursday for misleading state investigators about employee bonuses linked to policy cancellations. The insurer acknowledged last week that it had set goals for employee performance and cost saving based…
Insurance Premium Flat for 2008?
Reuters is reporting that insurance premiums for auto and homeowners insurance should either be flat or reduce for 2008. You can thank competition. “Strong competition is forcing insurers to lower their premiums or, at the very least, hold them stable,”…