This law was authored by Senator Mark Leno and known as SB 233. It required debt buyers or debt collectors to provide the proper documentation that proves it is owed by the concerned consumer.
Los Angeles-Long Beach, CA (PRWEB) June 13, 2013
The California Senate recently passed the bill that provides further rules for debt collectors that will help provide a stronger protection for consumers. California Debt Consolidation Quote is happy with this added protection even as they continue with their quest to provide online debt relief information.
In May 30, the Imperial Valley News made an online publication of “California Senate Passes Bill To Strengthen Oversight of Debt Buyers.” It reported the legislation that was passed on the same date that sought to correct the oversight of the State of California on certain practices by the debt buying industry - or what is more commonly known as debt collectors.
This law was authored by Senator Mark Leno and known as SB 233. It required debt buyers or debt collectors to provide the proper documentation that proves it is owed by the concerned consumer. They are also required to give that proof to the court.
The article cited that under the current debt collection system, consumers lack in protection against collectors coming after paid off debts or those that do not even belong to them. The new law requires collectors to possess a legitimate claim before they collect the debt.
The article mentioned that “tens of thousands of Californians” are being called by the collectors and this new law will protect them from any abusive practices.
These are the consumers that California Debt Consolidation Quote wishes to reach. The article mentioned that FTC (Federal Trade Commission) issued a report which indicated that about half of the debt collectors do not verify the debts being collected. Of the million debts, half of that is usually not verified - according to the FTC report.
California Debt Consolidation Quote intends to continue and strengthen their promotion of debt education by adding more relevant articles to their website. If consumers know their rights, they will never the fooled into paying debts that they do not owe. The articles that will be published will discuss debt related issues, debt relief options and personal finance. Although the site is fairly new, there will be a steady stream of information coming from it so articles and information will keep on piling up.
Californians can expect to see more articles in the coming months from this website. Consumers are more than welcome to read through the current articles to find out their options about debt relief. While they will be focused on debt consolidation, there are articles about other debt relief options too. This will provide readers with enough information to be able to make the right choice when it comes to their personal debt solution.
Visit the website of California Debt Consolidation Quote to read the articles or call 1-888-981-4979 to talk to a debt expert.