Recently, I wrote about the flood of lawsuits from creditors seeking payment on debts, often with little or no proof that the debt is even owed. The other side of the coin, highlighted by this article, shows that debtors are…
Posts Categorized In: News
California Debt Blog: Do Not Call List Reaches 200 Million Phone Numbers
The Federal Trade Commission announced this week that phone numbers on the Do Not Call list now exceed 200 million. The Do Not Call list, which was created in 2003, allows consumers to register to prevent telemarketing calls. Consumers can…
California Debt Blog: Credit Card Companies Increasing Non-Penalty Service Fees
One result of the country’s economic recession is the emergence of new service fees on credit cards. According to this article in the Washington Post, when the recession hit, tens of thousands of credit card users were unable to continue…
California Debt Blog: Student Loan Debt Collectors Guide Pulled from Federal Website
Recently, the U.S. Department of Education pulled a manual for debt collectors who are attempting to collect student loan debts off of its website. The Private Collection Agencies Procedures Manual was removed because a blog operated by the U.S. News…
California Debt Blog: Fake Facebook Profile Seeks to Find Debtors
The Australia and New Zealand Banking Group (commonly called ANZ) has been accused of spying on debtors on Facebook. Allegedly, one of the bank’s debt collectors set up a fake Facebook profile under the name “Max Bourke”. Max Bourke’s profile…
California Debt Blog: New Credit Card Rules Will Limit Fees
The Federal Reserve Board announced new rules this week on credit cards that will benefit credit card holders. The rules will begin on August 22 of this year. The new rules will affect several key areas of credit card use:…
California Debt Blog: Preventing Identity Thieves from Obtaining Your Personal Information
Last week, I discussed six ways in which identity thieves obtain your personal financial information, which they then use to steal your identity. So how can you prevent identity thefts from occurring? The Federal Trade Commission recommends a three-pronged approach….
California Debt Blog: Six Ways in Which Identity Thieves Steal Your Information
Most people have probably heard of identity theft protection services, such as LifeLock. LifeLock and other similar services offer to monitor a customer’s credit activity and alert the customer when his or her personal information is being used to apply…
California Debt Blog: Debt Collectors’ Claims Beginning to Cause Doubt Among New York Judges
According to this New York Times article, during the current recession, debt collectors in New York have begun to file suits against debtors in record numbers – and often, this occurs without sufficient evidence that the collectors have the right…
California Debt Blog: Supreme Court Ruling Helps Protect Consumers from Debt Collectors
On April 21 the U.S. Supreme Court issued a ruling in favor of debtors who are subject to abuses at the hands of debt collectors. In Jerman v. Carlisle, the Court ruled that if a debt collector makes an incorrect…