Buyer beware, we all know. But, now it shoud be seller beware. And, on top of that, mortgagor beware. The FBI is reporting a significant increase in the number of housing scams. The types of scams being reported involve false…
Posts Categorized In: News
California Debt Blog: It is so bad even the IRS may owe money
WOW! Debt collection practices are so bad that the IRS may owe people an apology – and $1,000. The Washington Post is reporting that the Taxpayer Advocate thinks the IRS should get rid of private debt collection. According to the…
California Debt Blog: Your Credit Score is Changing
Fair Isaac Corp., the people who bring you your FICO score, are now rolling out FICO 08. The new system will result in changed scores for many people. Some might go up, and some will go down. According to Yahoo,…
California Debt Blog: Read your credit card inserts carefully
We all know that if you miss a payment, get behind on payments or don’t pay the minimum amount, the credit card company may raise your interest rate. But, did you know that even if you make every payment on…
California Debt Blog: Florida Woman Beats Equifax
Yep, it does happen. A woman in Florida sued Equifax for failing to correct errors on her credit report. The errors were there since 1994. WOW! The jury awarded her $219,000 in compensatory damages and over $2,000,000 in punitive damages….
California Debt Blog: Need a short term loan? Here is an idea
I found out about this idea from Cari Chenkin, a very nice lady! As you know from my prior posts and my new report, I am not so fond of short term payday type loans. Well, here is one with…
California Debt Blog: They file how many lawsuits?
Amazing story over at Caveat Emptor. Unifund gave him documents showing that they file 14,172 collection lawsuits from January 1, 2004 through July 31, 2006. According to Caveat Emptor, that is 450 lawsuits per month. Of that, almost 9,000 resulted…
California Debt Blog: Update about foreclosure practices
I wrote before about trouble for borrowers with bankruptcy and foreclosures. Well, the New York Times is out with a follow up story. The United States trustee has issued subpoenas for records from Countrywide. The inquiry is about how Countrywide…
California Debt Blog: Debt Collection Law Firms Fail Victim to Scam
This is an interesting story out of Cleveland. Sheryl Harris reports that law firms that handle debt collection cases are being scammed by a group out of Asia. The scam works, according to Harris, as follows: “The pitch is simple:…
California Debt Blog: Follow up on Ohio
I posted the other day about the foreclosure case in Ohio. Well, here is a link to the decision, compliments of the Hamilton County Law Library. The best part: read the last footnote on the last page of the decision….