West Covina
West Covina Office
100 North Barranca Suite 250
West Covina, CA 91791United States (US)
Norwalk - Imperial Sq. Office Park
Norwalk – Imperial Sq. Office Park
12631 E. Imperial Highway Suite A-104
Santa Fe Springs, CA 90670United States (US)
Ontario - Ontario Exec. Center
Ontario – Ontario Exec. Center
3535 Inland Empire Blvd Suite 45
Ontario, CA 91764United States (US)
Torrance
Palmdale
Glendale
Glendale
100 North Brand Boulevard Suite 636
Glendale, CA 91203United States (US)
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CDC Extends Federal Eviction Moratorium…Sort Of
Submitted by Erik ClarkThree days after the expiration of the federal eviction moratorium issued by the Centers for Disease Control and Prevention (CDC), CDC Director Rochelle Walensky signed a two-month extension. But, the original CDC order didn’t protect everyone, and this one comes with additional limitations. Here’s what you need to know. ContentsWho is Protected by the CDC […]
Pros and Cons of Reaffirming Your California Car Loan
Submitted by Barry Borowitz“Can I keep my car if I file for Chapter 7 bankruptcy?” is one of the most common questions we hear. The answer is usually yes, since up to $3,325 or $5,850 in equity in your car is exempt, depending on which exemptions you choose. And, you may be able to supplement that with the […]
The End of the Foreclosure Moratorium: What it Means for California Homeowners
Submitted by Erik ClarkForeclosure rates in California and around the country dropped dramatically during 2020, due in part to the federal moratorium on foreclosure of government-backed mortgages. Nationwide, 2020 was a record-low year for foreclosures, with starts down 67% and foreclosure sales down 70% compared with 2019. The moratorium is still in effect, but foreclosures are already on […]
How to Fight a California Debt Collection Lawsuit
Submitted by Barry BorowitzDuring the pandemic, Californians and people around the country were protected from a variety of debt and financial-related risks. Student loan payments and collection of delinquencies were suspended. Evictions were put on hold, and a federal order halted residential foreclosures for those with government-backed loans. But, debt collectors remained active. In some cases, those attempting […]
Tips for Rebuilding Personal Finances after the Pandemic
Submitted by Barry BorowitzIt appears that an end is finally in sight. As of mid-May, more than half of Californians have received at least one dose of the Covid-19 vaccine. In Los Angeles County alone, more than 9 million doses have been administered. Daily new cases have dropped below 5% of the winter peak, and jobs are rebounding. […]
Credit Card Debt Drops as Serious Delinquency Climbs
Submitted by Erik ClarkAccording to the Q1 2021 Quarterly Report on Household Debt and Credit from the New York Federal Reserve, aggregate household credit card debt in the United States has declined by $157 billion since the end of 2019. For the average consumer, that’s a decrease of nearly $900: $5,315 in credit card debt in 2020 compared […]
Complaints against Debt Collectors Skyrocketed in 2020: Know Your Options
Submitted by Barry BorowitzIn 2020, the Consumer Financial Protection Bureau (CFPB) received more than 540,000 consumer finance complaints. That’s an increase of more than 50% compared with 2019. More than half of those complaints related to credit reports and other consumer reporting–more than double the number of complaints received in that category in 2019. Complaints also increased in […]
Court Strikes Down CDC Eviction Moratorium
Submitted by Erik ClarkOn May 5, the U.S. District Court for the District of Columbia entered an order setting aside the nationwide eviction moratorium issued by the Centers for Disease Control and Prevention (CDC) on September 4, 2020 and since extended multiple times. The current order was scheduled to expire on June 30, 2021. The lawsuit was filed […]
California’s Updated DFPI: What to Know
Submitted by Erik ClarkA California statute that took effect in January changed the name of the state’s “Department of Business Oversight” to “Department of Financial Protection and Innovation.” As the new designation suggests, the department’s focus and its powers have expanded significantly. The department already had regulatory authority over a variety of financial-industry entities, including state-chartered banks and […]
New Protections for California Homeowners in Debt
Submitted by Barry BorowitzIf you’re house-rich but cash-poor or carrying a lot of non-mortgage debt, a recent change in California law dramatically increases protection for your home. Back in the fall, we wrote about the coming change in the California homestead exemption and how it would impact access to bankruptcy for many Los Angeles homeowners. Now the law […]