The government screws a lot of things up. But, sometimes they actually make things easier for consumers. Its not often, but sometimes it happens! The Fair Debt Collection Practices Act is one of those times – mostly. The FDCPA requires…
Posts Categorized In: News
California Debt Blog: Debt Collectors Cannot Contact You After You Tell Them to Stop
No one likes to receive a call from a debt collector. Debt collectors, for the most part, are annoying and bothersome. They are rude and have no problem harrassing people in an effort to get paid. But there is a…
California Debt Blog: Debts Canceled by Bankruptcy Still Mar Consumer Credit Scores
This is a scary story from the New York Times. You think zombies are just on bad tv shows and in movies. But it turns out, that there are zombies in real life: zombie debts, at least. Here is the…
California Debt Blog: A Debt Collector Cannot Demand More Than is Owed
What do you do when a debt collector says you owe $10,000 but the documentation shows you owe less? You tell them that they are violating the law. Yes, it is true. The Fair Debt Collection Practices Act and the…
California Debt Blog: Aggressive Debt Collection Tactics Continue
I previously wrote about Jim Puzzanghera of the LA Times and his a great story on debt collection tactics. Jim’s first paragraph tells the story of most people these days: “Hard economic times have helped push millions of Americans deeply…
California Debt Blog: I co-signed for a loan. What is my liability?
Question: I co-signed for a friend for a loan. She stopped making payments. I am now getting calls from the creditor. Am I responsible? A: Yes, you are responsible. The creditor can sue you for the full amount of the…
California Debt Blog: Why you should demand validation of a debt
Whenever you are contacted by a debt collector, the initial letter from the debt collector will state that you have the right to request validation of the debt within 30 days. Even a debt collector like Persolve, Midland Funding, CACH,…
California Debt Blog: Update your will or trust
This is completely off topic, but the point of this blog is to make sure my readers are protected. It has always been about education, with a little fun thrown in on the side. Well, today is all education. In…
California Debt Blog: Collecting on a debt past the statute of limitations
I have talked about debt collectors collecting on a debt past the statute of limitations before. But, it is time to update this as it continues to happen! The statute of limitations states a certain amount of time for a…
California Debt Blog: FREE Credit Report Review
Did you know that up to 25% of credit reports have an error? Yes, a new study by the Federal Trade Commission (FTC) finds that “25 percent of consumers identified errors on their credit reports that might affect their credit…