http://www.californiacreditlaw.com/ Published by Anderson, Ogilvie & Brewer LLP en-us 2010-01-11T08:12:18-08:00 http://www.californiacreditlaw.com/2010/01/mortgage_modifications_affect_1.html Borrowers taking part in the Obama administration's mortgage modification program are being hit with "partial payment" notifications in their credit reports. This damages the borrower's credit even though the borrower may never have been late in payments. For more information,... Credit Scores californiacreditlaw-1 2010-01-11T08:12:18-08:00 http://www.californiacreditlaw.com/2010/01/persons_with_credit_disputes_c.html Fannie Mae and Fannie Mac currently flag any mortgage loan application where the applicant disputes something on a credit report. As reported in the AARP Bulletin, that’s causing denials for applicants, no matter the strength of their qualifications. Loan officers... Credit Reports californiacreditlaw-1 2010-01-04T12:53:10-08:00 http://www.californiacreditlaw.com/2009/11/fico_reveals_how_mistakes_affe_1.html Banks and other creditors commonly extend credit based on your credit score. Your score is based on such factors as late payments, missed payments, number of open accounts, length of one’s overall credit history, actual amount of available credit used... Credit Scores californiacreditlaw-1 2009-11-29T13:07:58-08:00 http://www.californiacreditlaw.com/2009/11/really_free_credit_scores.html Consumers are being bombarded with "free" offers for credit reports and credit scores, but there is usually a catch. The consumer may find the free report means being subscribed to requires monthly charges unless he or she remembers to opt... Credit Scores californiacreditlaw-1 2009-11-16T16:06:05-08:00 http://www.californiacreditlaw.com/2009/11/consumer_attorneys_fight_for_c_1.html George Washington once said: Discipline is the soul of an army. It makes small numbers formidable; procures success to the weak, and esteem to all. Letter of Instructions to the Captains of the Virginia Regiments [July 29, 1759]. The advocates... Legislation californiacreditlaw-1 2009-11-12T01:03:00-08:00 http://www.californiacreditlaw.com/2009/11/reporting_identity_theft_to_us_1.html Identity theft victims are often required to obtain a police report in order to help prove they really are victims of identity theft. A problem is that some police departments will not take such reports and the great majority never... Identity Theft californiacreditlaw-1 2009-11-05T18:16:17-08:00 http://www.californiacreditlaw.com/2009/10/court_holds_statute_of_limitations_for_telephone_bills_is_only_two_years.html A federal statute, 47 U.S.C. Section 415 (a), provides that the statute of limitations for civil actions to collect on unpaid telephone bills is two (2) years. Most state statute of limitations are much longer. California's statute is four (4)... Consumer Debt californiacreditlaw-1 2009-10-12T14:38:53-08:00 http://www.californiacreditlaw.com/2009/10/ftc_proposes_to_restrict_credi.html Federal law requires the credit agencies to make everyone's credit reports available at no charge on a single website. The feds allowed the three major credit agencies to design the site. Predictably, the credit agencies designed the website, www.annualcreditreport.com,... Credit Reports californiacreditlaw-1 2009-10-09T20:35:58-08:00 http://www.californiacreditlaw.com/2009/09/wsj_report_on_what_you_need_to_1.html What you need to know about credit scores is covered in the Wall Street Journal published 9/9/09. The article points out that there are really many credit scores besides the best known--FICO--and your credit score may not accurately reflect your... Credit Scores californiacreditlaw-1 2009-09-09T15:32:19-08:00 http://www.californiacreditlaw.com/2009/08/debt_collectors_cant_add_inter_2.html Merchants sometimes contract with check guaranty services that pay the merchant for dishonored checks. These services then attempt to collect the face value of the dishonored check. California Civil Code 1719 allows collectors to add a $25 service fee for... Debt Collection californiacreditlaw-1 2009-08-11T21:28:39-08:00