| Volume 30 Number 7 |
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The People’s Lawyer’s Tip of the Day
Don't sign a contract to buy a car unless you are sure it is the car you want to purchase. Contrary to what many people believe, the law does not give you three days to change your mind. Once you sign, you are legally bound.
Ailing Banks to Receive $250 Billion
Stocks surged as regulatory officials announced that up to $250 billion would be distributed to ailing financial institutions. Officials hope the $250 billion will get banks to lend to one another and ultimately open up the credit markets. Click here for more.
Beware - Debt Relief Firms Can Be Trouble
In the past year, the use of so-called "debt-relief firms" has doubled. As consumers, we often find ourselves resorting to credit to meet our primary obligations. Unfortunately, as it adds up, it may become uncontrollable. When tough times hit, we find ourselves surrounded by companies that "want to help." These debt relief firms advertise that they will solve all of your credit woes. What you may not know is many of these firms have failed to pay the bills for thousands of clients, while still charging large up-front fees. Before you ever consider approaching one of these firms, be prepared and know what to expect. Click here for more.
Safe Investments During a Financial Crisis
Do want to protect your money, but don't feel comfortable investing in risky stocks? You have other options! Find out 10 ways to protect and safely invest your money! Click here for more.
The Hassle-Free Holiday Flying Guide
Do you plan to travel over the holidays? Now is the time to start planning! With capacity cuts across the board, there are fewer seats to sell and higher prices for the ones that remain. Find out how to make your holiday travel "hassle-free" and even save some money. Click here for more.
Your Money
The foreclosure crisis has been a prominent news story. When you take out a mortgage, what should you consider? After determining what you can afford, it's best to determine whether a fixed or adjustable rate mortgage is best for you. With a fixed rate mortgage (FRM), monthly payments will be steady, while with an adjustable rate mortgage (ARM), payments will vary over time. Adjustable rate mortgages typically have an initial fixed rate lower than that of a comparable fixed rate mortgage. The initial fixed rate period is followed by adjustment intervals. Keep in mind - adjustable rate mortgages can become tough to manage. So, be informed, be precise, and be very careful when you make your decision. Click here for more.
For the Lawyers
Insurer not vicariously liable for insured's attorney. The Kentucky Court of Appeals has held that an insurer was not vicariously liable for the conduct of an attorney the company hired to represent its insured. Click here for more.