ABCNews reported on Debt Collectors Gone Wild. I picked it up from Bud Hibbs’ blog (which I am linking to on the side as well.) For those of you who do not know, Bud may be the country’s number one…
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FAQ: Which insurance pays for the damage?
Q: I lent my car to someone. He got in a car wreck. Which insurance pays: his or mine or both? A: The answer is not both! You are only entitled to be paid once for the damage to your…
FAQ: What is fair market value?
Q: What is fair market value? How does it differ from the depreciated amount? A: Fair market value is the cost to replace the item in its pre-loss condition. So, if the item is a 4 year old 40″ tv,…
California Debt Blog: Credit Watch and Identity Theft
I came across this new program from Green Valley Mortgage and Jenifer Miller. The program, Credit Watch, is designed to help prevent identity theft. This information includes: prevention tips; what to do if you are a victim of identity theft;…
FAQ: Who pays my hospital bill?
Q: I was in an accident. I have a hospital bill of $5,000. Who pays the bill? A: As for getting the bill paid, you have a few choices: A – If you qualify, Medi-Cal will pay. B – If…
California Debt Blog: New Report: What you must know about your credit report
I have just put together a new, free report. This report tells you what you must know about your credit report. In it, I tell you the basics from when you can get a copy of your credit score to…
FREE REPORT – What to do after an auto accident
An auto accident is one of the scarier things that will happen to you. After an accident, most people exchange information or call the police. But, these few minutes can have a huge impact on your rights and the result….
The 3 D’s for insurance companies
Delay, deny, defend. This is the mantra of the claims department. Delay the claim as long as possible (some even trying to delay you until after your statute of limitations has run). Deny the claim. If a lawsuit is filed,…
California Debt Blog: FAQ: What does the statute of limitations mean?
Q: I was sued for a debt that is now over 4 years old. They sued me before the debt was 4 years old. Can I use the statute of limitations as a defense? A: No. The statute of limitations…
FAQ: My adult child was in an accident. Can I be liable?
Q: My adult child was driving a friend’s car when he was involved in a car collision. He lives at home with me. Can they sue me? A: Generally, no. In California, the owner of a car can normally be…