It is the holiday season. And as I told you a few weeks ago, debt collectors would be willing to settle cases. As it turns out, I was wrong – they really want to settle cases. Recently, I had two…
Posts Categorized In: Current Affairs
When to file a homeowners claim
Houselogic.com has a new article on when to file a homeowners claim. Regular readers of my blog will not find anything new on this, but there is some information worth passing on: 1. Read your policy carefully, then get repair…
California Debt Blog: Break the Payday Loan Cycle
I have had a few people calling me lately with the same issue: they took out a payday loan and they did not pay it back. Now, they are being harassed by a debt collector and they want to take…
California Debt Blog: Holiday Gift to Yourself: Settle Your Debt
It is that time of year – the holiday season. You want to go out and buy presents. You want to spend your money. And trust me – most businesses want you to as well to get the economy going….
California Debt Blog: FTC Proposes New Rules for Debt Settlement
The Federal Trade Commission has proposed new rules for debt settlement companies. (Thanks to my friend, Dallas personal injury attorney Robert Kraft for sharing this.) Among the rules being proposed: 1. New fee can be collected until the services are…
California Debt Blog: North Carolina Protects Consumers
Effective October 1, 2009, North Carolina consumers have additional protection from debt collectors. Debt collectors in North Carolina are required to produce documents showing that they are the ones who are owed the money. Why is this important? Most credit…
California Debt Blog: Mortgage Review
I have been receiving a lot calls lately from people who want a loan modification. As you know, attorneys, and others in the business, can no longer charge an up front fee for a modification. This means that many homeowners…
California Debt Blog: Good news for short sales
There is finally some good news in California for people trying to get a short sale approved. SB 306 puts in the following requirements: 1. A lender only has 21 days to approve a short sale once it receives a…
California Debt Blog: Homeowners still in trouble despite billions in bail out
The Sacramento Bee reported today that homeowners are still in trouble and still facing foreclosure. That is not news. The news? Billions have been given to the loan servicers and they are still not helping people. In fact, the Government…
Hiring the right attorney for you
I have seen quite a few emails lately about people needing an attorney in different locations. There are a few good ways to find an attorney: 1. Personal recommendation of friends or family. This is the best way to find…