Last week’s post received such a response that I thought I would share more concerns about payday loans. These short term loans look like a good solution for some people, but for over 90% of the population, they are a…
Posts Categorized In: Credit
California Debt Blog: 4 Concerns about Short Term (Payday) Loans
I just helped a woman with a payday loan. The interest rate was 180%. Her payments were going to total over $9,000 in this loan from California Check Cashing, LLC. Her $2500 loan was going to cost her $10,000 when…
California Debt Blog: 5 MISTAKES YOU MUST AVOID WITH YOUR CREDIT
Most people have heard that they should be careful with the credit. However, when it comes to the dos and don’ts of credit, most people have no idea what to do. Here are some tips to help avoid mistakes with…
California Debt Blog: 3 Frequent Debt Collection Violations
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…
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…
California Debt Blog: FAQ: What is my statute of limitations on a debt?
Question: I stopped paying on a credit card. What is the statute of limitations within which the debt collector has to sue me? Answer: It depends, as the typical lawyer would answer. Each state has its own statute of limitations….
California Debt Blog: Expert Global Solutions Fined by FTC
Well, the debt collectors are at it again. What’s a violation of the FDCPA between debt collectors and the FTC? Do they really think the FTC is going to do anything? Apparently, the answer is yes. In this case, the…
California Debt Blog: Waiting will only hurt you
I get a lot of folks who call me up and want help – after they have waited. It can be done, sometimes, but it takes more time, energy and money. There are three places where waiting hurts. First, once…
California Debt Blog: FAQ: What is a default and why should I worry?
Question: The debt collector sent me a “Notice of Entry of Default.” What is this? Answer: The short answer: a Notice of Entry of Default means that the debt collection attorney is asking the court to enter a default, or…
California Debt Blog: Fake Debt Collector Scam
This story is courtesy of News10 in Sacramento and Suzanne Phan.Here are the highlights of the story: “A Yuba City woman nearly fell victim to a terrifying scam involving a fake debt collector and a phony cop. Michelle Bertsch received…