Credit Fraud

On August 30, 2007, the Superior Court in Rancho Cucamonga, San Bernardino County, California ordered Wells Fargo Home Mortgage to pay fees and costs of $283.594.45 in addition to a damages award of $765,000 to Reed and Mary Ann FisherREAD MORE

It was a matter of time, I guess, before overbearing debt collectors who regularly practice their own special brand of “financial terrorism” upon consumers would jump on the “lawsuit reform” bandwagon and press legislators to repeal the protections of theREAD MORE

On May 4, 2007, a unanimous federal jury in Los Angeles, California ordered debt collector Arrow Financial Services to pay Laura Nelson $100,000.00 for a multi-year pattern of unfair debt collection and false credit reporting practices.  Laura Nelson v. ArrowREAD MORE

Yesterday I was on KNX radio, on Bob McCormick’s “Money 101″ show, and Bob asked me about a medical bill for $2.50 that a debt collector was trying to collect.  Bob asked whether they could credit-report that small of aREAD MORE