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…
Posts Categorized In: Legal Process
California Debt Blog: Debt Collectors Cannot Reveal Your Debt to Other People
We have all had it happen: you owe someone money, a debt collector calls your house, and they tell your spouse, your kids, or your parents that you owe money. This can’t be okay, can it? Generally, third-party contacts for…
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: A debt collector may not call you at work – usually
A debt collector will generally call you at home. Why? Because that is the number that was listed when you opened the account. But, sometimes, if you are really unlucky, they will call you at work. Are they allowed to…
California Debt Blog: Debt Collectors Fail To Validate Debts
So lets say you are sitting at home one day and you check your mail. You have a letter from ABC Collection Agency. ABC says that you owe them $2,500 and that you need to send them a check. You…
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: 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…