CALIFORNIA AND DEBT SETTLEMENT SCAMS

Along with the recession, depression, slump, downturn, economic reset, crash, or whatever euphemism used to describe the massive consumer debts now facing many Californians, came squads of scammers looking to make quick bucks by promising to solve personal financial problems. These scam artists push their “services” through radio, television, mail, internet, and cold calls. When faced with overwhelming debts, thought processes get paralyzed, and desperation overrides good judgment and common sense. Conmen take full advantage of this phenomenon by pretending to be compassionate professionals who can solve enormous financial problems for just a few easy and affordable payments. Continue reading

THOSE NAUGHTY DEBT COLLECTORS

Debt collectors are heavily regulated by federal and California state laws. The California Fair Debt Collection Practices Act (California Civil Code Section 1788.30, also known as the Rosenthal Act) mirrors the federal Fair Debt Collection Practices Act (15 U.S.C.A. Section 1692k). Such strict governance is required to control a field where threats and offensive language are known to be very effective tactics to extract payments from debtors.  Continue reading