Nope, not against one of its consumers. That is not uncommon. Actually, when Capital One sues a consumer, they are not that bad to deal with. In this case, however, Capital One filed suit in federal court in San Francisco…
Posts Categorized In: Current Affairs
California Debt Blog: Homeowner Debt
Forbes.com and Yahoo have come out with a ranking of the 10 worst cities for homeowner debt. The top of the list is the place I call home: Sacramento, CA. The reason: falling home prices, large mortgages and a concentration…
Disability Insurance Disaster
Suffer through a 15 second commercial and then watch this 6 minute piece from Good Morning America. As I was told by Chris Cole, a San Francisco attorney, this succintly sums up the problem with disability insurance. This is especially…
World Malaria Day
First, I know this is off topic. But, its my little way of giving back. Second, today is World Malaria Day. I know, every day is something day. I think yesterday was World Black Is Not Really A Color Day…
California Debt Blog: World Malaria Day
First, I know this is off topic. But, its my little way of giving back. Second, today is World Malaria Day. I know, every day is something day. I think yesterday was World Black Is Not Really A Color Day…
Co-Payments Rise for Health Insurance
From the New York Times: A new insurance company practice is putting the squeeze on insured consumers who must take medications to treat serious illnesses. Instead of charging policyholders a fixed co-payment amount, insurers are starting to charge from 20…
California Debt Blog: Housing Crisis Worsened by Payday Loans
Ah, one of my favorite topics: payday loans. Reuters is reporting that the payday lenders are making the housing crisis worse. Some disturbing facts from the story: In one section of Cleveland, banks have been replaced by payday lenders; Ohio…
Good news for Allstate customers?
No, they haven’t decided to start paying claims quickly and for a fair amount. That would be like a Lewis Carroll fairytale. Rather, the Dept. of Insurance has ordered Allstate to cut rates by 15%. Allstate had requested permission for…
California Debt Blog: FTC Releases New FDCPA Report
The Federal Trade Commission just released its annual report on the Fair Debt Collection Practices Act. This report has some interesting tidbits: Debt collection complaints are the #1 type of complaint the FTC receives; Total number of complaints in 2007…
California Debt Blog: The Softer Side of Debt Collectors?
I remember a few years ago when Sears had the slogan “The Softer Side of Sears.” Very cute. Well, apparently, the debt collection industry wants to show its softer side. According to Walletpop, a website I admit to not having…