Q: I cosigned for a friend for a car loan. She stopped making payments. I am now getting calls from the creditor. Am I responsible? A: You are responsible. The creditor can sue you for the full amount of the…
Posts Categorized In: Current Affairs
The Medical Malpractice Hoax
Public Citizen came out with a new report. There is no medical malpractice crisis. OOPS! The insurance companies and doctors apparently forgot to tell us that! The report can be found here. The report states “The real problems are a…
Allstate to stop selling insurance in California?
In an interesting move, Allstate may stop selling homeowners insurance in California. The information comes from Allstate agents who wished not to be named. The company, of course, denies the truth to this report. Insurance companies are odd. The apparent…
Too many lawsuits? I think not
Instead of giving you my position on this issue, I post from the New York Times: By ADAM COHEN Jack Cline is in a hospital here fighting for his life, stricken by leukemia that he says he got from exposure…
State Farm Told to Pay
In an update on a Hurricane Katrina case, State Farm has been ordered to pay $2.5 million in damages to a couple whose home was destroyed in the hurricane. State Farm said an appeal is likely. (Have they ever lost…
California Debt Blog: More FREE Information
As you know from reading this blog, the information I give you here is FREE. It doesn’t cost you anything to read what I have written, check out the sources I have given you, and educate yourself. I am a…
Hurricane Katrina Update
So, a few news stories about Hurricane Katrina: A congressman from Mississippi has called for an investigation of the claims practices of insurers; Opening statements started in a case against State Farm for their claim handling; State Farm has decided…
California Debt Blog: FAQ: How do I get a copy of my credit report?
Q: I heard I can get a free copy of my credit report. How do I do this? A: There are three ways you can get your credit report for free. You should thank our government for this. In 2003,…
California Debt Blog: FAQ: How long is the statute of limitations?
Q: How long is the statute of limitations on my debt? A: It depends. There are two factors: the type of debt and the state you are in. Since I am in California, I will tell you the statutes for…
California Debt Blog: FAQ: What do I do if I am contacted about an old debt?
Q: I have a really old debt. What do I do if I am contacted about it? A: Some collection agencies will contact you about old debts. They are trying to get you to pay it even if the statute…