The Associated Press recently studied trends in bankruptcy filings. One thing stood out to them: in states where debt collectors can garnish wages, bankruptcies are sharply higher. Five states, North Carolina, Pennsylvania, South Carolina, Florida and Texas, prohibit or sharply…
Posts Categorized In: Current Affairs
Multiple Policies on 1 Car
This has come up a few times lately in my personal injury cases so I thought I would discuss it with you. Here is the scenario: Bob is driving his Aunt Sally’s car. Bob is 25 and has an insurance…
Slightly Off Topic – A&W Root Beer
Why am I writing about A&W Root Beer? Because we are in a recession. And the government isn’t doing us much to get out of the recession. So, A&W is trying to do something this weekend. I thought I would…
California Debt Blog: Watch Your Credit Card Statements Closely
Bad news for consumers: credit card companies are closing cards and raising interest rates. The latest is Advanta announcing that they are closing accounts. From the press release: “the Company will shut down all credit card accounts to future use…
California Debt Blog: Judge’s Ruling Blow to MERS
Tim O’Reiley of the Las Vegas Business Press wrote “U.S. Bankruptcy Court Judge Linda Riegle has ruled that the Mortgage Electronic Registration System (MERS) could not represent lenders seeking to foreclose on delinquent homeowners already in bankruptcy unless it could…
California Debt Blog: NY AG Sues Debt Settlement Firms
New York has long been progressive in protecting consumer rights. When Eliot Spitzer was the Attorney General, he went after Wall Street and insurance companies. Now, Andrew Cuomo continues that legacy. New York’s AG has filed lawsuits against two debt…
California Debt Blog: Midland Funding on San Diego News
Midland Funding has made the news in San Diego. See, it is not just me who is unhappy with what they do. From the KGTV 10news.com website: “Because of the dubious debt, Dave couldn’t get security clearance to follow his…
California Debt Blog: Debt Collectors on Facebook
I have told you how debt collectors are using Myspace. Well, now a story about debt collectors on Facebook. (Caveat: I am in the video.) Debt collectors are getting more brazen. They are using any means possible to contact debtors….
California Debt Blog: Waiting Too Long on a Foreclosure is Dangerous
I have received a rash of calls lately from people who are about to be foreclosed on or have been foreclosed on. They want to know what to do. For most people, I have to tell them it is too…
California Debt Blog: Debt Collection: Fatal Attraction Style
Talking Points Memo has an interesting article on the alleged fatal attraction style of collection by Auto Financing Network. According to the lawsuit filed by Jennifer Dicks “AFN registered the URL to Dicks’ name and created a site titled ‘Jennifer…