If you recently read the story in the Sacramento Bee about my lawsuit against Cashcall or read about it on the blog, you know that there are some concerns with the collection practices, as well as the interest rates on…
Posts Categorized In: News
California Debt Blog: Ohio Foreclosures Stopped
A Federal Judge in Ohio has ruled that a long standing practice in Ohio on foreclosures is not allowed because the investors failed to prove they owned the properties in question. From the New York Times: Saying that Deutsche Bank’s…
California Debt Blog: Sacramento Bee Writes About Cash Call Lawsuit
The Sacramento Bee wrote about my lawsuit against Cash Call on November 12, 2007. I will reprint part of it here: Matter of interest: It’s legal for a state-licensed finance agency to make a loan with a 59.9 percent interest…
California Debt Blog: Trouble for borrowers in foreclosure
The New York Times reported today on dubious fees that borrowers who are being foreclosed on face. Apparently, mortgage servicers are charging fees that they may not be entitled to. These fees are being added in bankruptcy proceedings. In one…
California Debt Blog: Countrywide to offer homeowners help
Countrywide, the largest US mortgage lender, is going to offer help to 82,000 of its customers via changes in their loans. With adjustable rate mortgages adjusting up, many homeowners cannot afford their current payments. Countrywide is making changes on $16…
California Debt Blog: $47 debt leads to federal case
Yes, a $47 debt has become a federal case. Sad, but true. NCO allegedly called the plaintiff’s underage neighbor, called the plaintiff’s boss and generally harassed him. I find this particularly amusing since I just had a debt collection company…
California Debt Blog: FTC Warns Lenders About Ads
The FTC has warned lenders about potentially deceptive advertisements as it relates to the cost of loans. There is nothing shocking here. About 200 companies were told about “potentially deceptive” ads. While this is focusing on home loans, all borrowers…
California Debt Blog: Bad legal writing – and a good laugh
And it is at the expense of lawyers? You can read The Party of the First Part. This website is from author Adam Freedman. A bit about him: Adam Freedman is the author of the “Legal Lingo” column for the…
California Debt Blog: Credit Report Problem: Dispute it with this letter
As you know, I believe you should pull your credit report at least once a year, maybe even twice a year. You can get a free one from this website (this is the official one, not one of those that…
California Debt Blog: Short term loans
Far be it for me to pick on anyone, but………………..these short term or “payday” loans are a disaster. Have you ever read the terms? Here is a sample. 99% interest. 99%? Seriously? You are paying back almost double what you…