The Seattle Office for Civil Rights just put out a newsletter with a great article to help you avoid becoming a victim of predatory lending or mortgage discrimination. One of the highlights: A recent study by the Department of Housing…
Posts Categorized In: Credit
California Debt Blog: Check your report lately?
I was talking to a new client today. He has some issues with a credit card. This is not new for me. This explains a lot of my calls this year. I asked him if he had any other problems….
California Debt Blog: Subprime Credit Cards Being Examined
The Sacramento Bee is reporting on the feds examination of the subprime credit card industry. These credit cards are issued to people who usually cannot get a credit card from one of the “regular” credit card companies similar to the…
California Debt Blog: Credit Card Issuers Change Limits
The Wall Street Journal and Yahoo are reporting that credit card companies are cutting limits for some of their customers. Those hardest hit: construction and financial services workers. The credit card companies want to limit their exposure to these industries…
California Debt Blog: Homeowner Debt
Forbes.com and Yahoo have come out with a ranking of the 10 worst cities for homeowner debt. The top of the list is the place I call home: Sacramento, CA. The reason: falling home prices, large mortgages and a concentration…
California Debt Blog: Housing Crisis Worsened by Payday Loans
Ah, one of my favorite topics: payday loans. Reuters is reporting that the payday lenders are making the housing crisis worse. Some disturbing facts from the story: In one section of Cleveland, banks have been replaced by payday lenders; Ohio…
California Debt Blog: Foreclosures on the rise in California
Dale Kasler at the Sacramento Bee has written an interesting article on the state of real estate. The headline, “Foreclosures soar to state record,” tells the entire story. Foreclosures statewide in California are up 565%. In the Sacramento region, foreclosures…
California Debt Blog: Protect Your Credit
Something from Clark Howard, a national radio host and consumer advocate, that I came across today. It is called a credit freeze. Basically, you freeze your credit report. This way, if someone steals your identity, they still cannot do anything…
California Debt Blog: New Bills to Help California Borrowers?
The California legislature is considering a handful of bills designed to help California borrowers. The bills fall into two categories – those that help people who already are in trouble and those that will prevent the current situation from happening…
California Debt Blog: Housing scams on the rise
Buyer beware, we all know. But, now it shoud be seller beware. And, on top of that, mortgagor beware. The FBI is reporting a significant increase in the number of housing scams. The types of scams being reported involve false…