California Debt Blog
Features news and information for consumers about debt collection and dealing with debt collectors and the debt collection industry.
Author: Jonathan G. Stein is a personal injury and insurance attorney in Elk Grove, Calif.
Blawg Related Categories: Consumer Law • Solos/Small Firms • States • California • Solo / Small Firm
Recent Posts from California Debt Blog
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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…
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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…
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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…
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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…
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Bad credit mistakes
Yahoo Finance and Creditcards.com have a story on how bad your credit mistakes are. Here is their list of how bad things are on a scale of 1 to 10: 1. Using a card in…
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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.…
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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…
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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…
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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…
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Credit Score Impact: Short Sale versus Foreclosure
People ask me about the difference between a short sale and a foreclosure as it impacts their credit score frequently. There are no hard and fast rules. It depends on your situation. However, here are…