http://www.californiacreditlaw.com/ Published by Anderson, Ogilvie & Brewer LLP en-us 2012-01-30T07:56:35-08:00 http://www.californiacreditlaw.com/2012/01/inaccurate_credit_reporting_on.html Banks and their mortgage loan servicing companies are increasingly reporting consumers late on mortgages when they were not late and even when the mortgages were paid in full. Reuters reports on these inexcusable practices causing consumers no end of financial... Credit Reports californiacreditlaw-1 2012-01-30T07:56:35-08:00 http://www.californiacreditlaw.com/2012/01/identity_theft_victims_should_1.html Identity theft often results in accounts showing up on the victim's credit reports. When that happens, a first step is to go to the local police to report the theft and get a report. A next step is to send... Identity Theft californiacreditlaw-1 2012-01-14T11:11:57-08:00 http://www.californiacreditlaw.com/2012/01/new_california_law_bans_use_of.html Responding to complaints that employers were unfairly using credit reports to screen out applicants for all sorts of jobs, the California Legislature enacted a new law effective January 1, 2012, prohibiting employers or prospective employers from using consumer credit reports... Employment californiacreditlaw-1 2012-01-02T20:25:02-08:00 http://www.californiacreditlaw.com/2011/12/debt_collectors_banks_scheme_t_1.html The WSJ reports that debt collectors are teaming up with some banks to offer a credit card to consumers who have old credit card debts. The old debts are barred by the statute of limitations. The debt collectors send misleading... Consumer Debt californiacreditlaw-1 2011-12-31T10:52:40-08:00 http://www.californiacreditlaw.com/2011/12/consumer_financial_protection.html The Consumer Financial Protection Bureau is proposing that banks adopt a simplified credit card agreement that consumers can read and understand. Currently, no one reads the dense, fine print multi-page credit card agreements banks send to customers. The Bureau is... Credit Cards californiacreditlaw-1 2011-12-09T09:40:30-08:00 http://www.californiacreditlaw.com/2011/12/debt_collectors_target_relativ.html Debt collectors are harassing individuals to pay the debts of deceased family members. Many of the targeted survivors are elderly. A WSJ article gives an example of a debt collector retained by Bank of America to collect $16K on a... Debt Collection californiacreditlaw-1 2011-12-03T21:28:16-08:00 http://www.californiacreditlaw.com/2011/12/credit_bureau_corelogic_knows_1.html Lenders will soon be able to easily check the deepest recesses of your financial life accessing information that never before appeared on your credit report according to a NYT report. CoreLogic, a credit reporting agency little known to consumers, is... Credit Reports californiacreditlaw-1 2011-12-03T13:30:37-08:00 http://www.californiacreditlaw.com/2011/11/credit_monitoring_services_are_2.html Credit monitoring services advertise heavily in the media. For a monthly fee, they promise to alert you of any adverse changes in your credit reports. They are a waste of money for the vast majority of consumers. This is Liz... Consumer Credit 101 californiacreditlaw-1 2011-11-03T12:03:37-08:00 http://www.californiacreditlaw.com/2011/10/new_california_law_restricts_u.html Gov Jerry Brown has signed a bill (AB 22) that prohibits employers from pulling credit reports on prospective employees, with exceptions. The exceptions include positions in management and in law enforcement, positions that require handling over $10,000 cash, and positions... Legislation californiacreditlaw-1 2011-10-13T08:45:46-08:00 http://www.californiacreditlaw.com/2011/10/liz_westons_book_on_credit_sco.html Liz Weston, who is MSNBC's excellent consumer reporter, is the author of an excellent book on credit scores, Your Credit Score, Your Money & What's at Stake: How to Improve the 3-Digit Number that Shapes Your Financial Future (available on... Credit Scores californiacreditlaw-1 2011-10-11T13:07:54-08:00