New rules for credit monitoring services went into effect April 2. The regulations require companies that offer credit monitoring services to add warning labels about their services. Websites offering “free” credit reports must now tell consumers that a free credit…
Posts Categorized In: News
California Debt Blog: News on Foreclosures
I want to update on your some foreclosure news. First, Walt Gray in Sacramento at KCRA 3 News ran a story about a case of mine where we obtained an injunction preventing a sale of a house. The exciting news…
California Debt Blog: The Great Bail Out Fraud
I received two emails today from clients asking about the credit card bail out that they read about on the internet or heard about on the radio. Apparently, some folks are advertising about how people who owe more than $10,000…
California Debt Blog: Mann Bracken Btes the Dust
Another one bites the dust. The interesting thing about this, though, is that Mann Bracken was the largest debt collection law firm in the country and possibly the world. Mann Bracken was formed by the merger between Eskanos and Adler…
California Debt Blog: Don’t let bill collectors bite
I wish I could claim credit for the creative title, but I am borrowing it from the Dallas Morning News and Pamela Yip. Ms. Yip has a great column on making sure you don’t let debt collectors bite, even though…
California Debt Blog: Removing an item from your credit report
A lot of people are doing a “New Year, New You” type program. You can buy new diet products or you can get a Bowflex on sale. But now is also a good time to review your credit report. As…
California Debt Blog: California Debt Collector Settles Class Action
A California debt collector has settled a lawsuit brought by a Pittsburgh, PA attorney for violation of debt collection laws. The settlement: $2.5 million. According to the Associated Press: “The company sent out letters as recently as last winter purporting…
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…