Search Collection Agencies in California

• Rosenthal Fair Debt Collection Practices Act, is California’s version of the Fair Debt Collection Practices Act (FDCPA). Rosenthal act provides consumers protection from first party creditors as well.
• A statute of limitations is the deadline for filing a lawsuit. In California, there is generally a four-year limit for filing a lawsuit to collect a debt based on a written agreement.
• The Fair Debt Collection Practices Act (FDCPA) prohibits debt collectors from using abusive, unfair, or deceptive practices to collect from debtors. The FDCPA does not cover debts incurred in running a business.
• Debt collectors may report the debt to credit reporting companies.
• California collection laws give a lot of protection and options to debtors, if an agency breaks the law.

California Debt Stats:

• California had the highest average debt per household, at $71,470 as of 2018
• Californians owed $133 billion in student loan debt. Average Student Loan in California in 2019: $37,468.
• The average mortgage debt in California this year according to TransUnion is $334,925 in 2016.
• The average credit card debt in California as of 2018 is $10,496
  An average Californian had an auto loan balance of $18,324 as of 2016
• There were 80,391 bankruptcy  filings in 2015
• Californian had an average credit score of 661.4 in 2015

California Geographical Stats

• Population in California: 39.6 million (year 2018)
• Number of millionaires: 1.04 million  ( year 2018)

Source:
https://www.courts.ca.gov/9618.htm
https://oag.ca.gov/consumers/general/debt-collectors
https://www.usa.gov/debt
https://www.sfgate.com/technology/businessinsider/article/The-average-credit-card-debt-in-every-state-13141232.php
https://www.bankrate.com/loans/auto-loans/table-the-rise-in-auto-loans-across-the-us/
https://www.valuepenguin.com/average-credit-card-debt
https://www.debt.org/faqs/americans-in-debt/consumer-california/