The Seattle Office for Civil Rights just put out a newsletter with a great article to help you avoid becoming a victim of predatory lending or mortgage discrimination. One of the highlights: A recent study by the Department of Housing…
Posts Categorized In: News
California Debt Blog: Subprime Credit Cards Being Examined
The Sacramento Bee is reporting on the feds examination of the subprime credit card industry. These credit cards are issued to people who usually cannot get a credit card from one of the “regular” credit card companies similar to the…
California Debt Blog: Credit Card Issuers Change Limits
The Wall Street Journal and Yahoo are reporting that credit card companies are cutting limits for some of their customers. Those hardest hit: construction and financial services workers. The credit card companies want to limit their exposure to these industries…
California Debt Blog: Debt collectors clogging Chicago courts too
I have written in the past about debt collectors and their ever expanding role of using court resources. Just look at my past post on Unifund. Well, it is not unique to California. Chicagoland courts are filled with 119,000 lawsuits…
California Debt Blog: One Million Foreclosed Homes
News today from CNN that the number of foreclosed homes in the US has topped 1,000,000. Yes, that is over one million homes in foreclosure. This is approximately 2.5% of all mortgaged homes. The bad news really hits home here….
California Debt Blog: Foreclosure scammers busted in San Diego
California Attorney General Jerry Brown and San Diego District Attorney Bonnie Dumanis announced the arrest of the owners of Federal Land Grant Co., a San Diego company that allegedly ripped off homeowners throughout California. According to accounts, the scam worked…
California Debt Blog: Lending Tree Sued Over Data Breach
A Bronx, NY man has sued Lending Tree over a data breach. In the lawsuit, plaintiffs claim that the disclosure hurt their credit scores and exposed them to fraud. In a separate case, Lending Tree filed its own complaint against…
California Debt Blog: Student Loan Garnishments
Many people take out student loans to help pay for college, graduate school, professional school, and the like. After all, with college costs skyrocketing, people need a way to pay for their education. What most people do not understand is…
California Debt Blog: Capital One Files Suit
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…
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…