| Volume 31 Number 6 |
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The People’s Lawyer’s Tip of the Day
If you buy something and the contract has a clause that says you agree to arbitrate, you will not be allowed to sue and must file your claim with an arbitrator. Arbitration is often more expensive than a simple lawsuit, denies you the right to a jury trial [and the right to appeal], is not bound by traditional rules of procedure, and often precludes you from filing or joining a class action. To learn more about consumer arbitration. Click here for more.
What the Circuit City Bankruptcy Means for Consumers
In the last Consumer News Alert, you read about the recent Circuit City bankruptcy. Circuit City has asked the bankruptcy court for authority to honor gift cards, returns and exchanges. However, if you have a gift card to use or a return to make, do it fast! It is impossible to predict what could happen next. As of now, those extended warranties you purchased will still be honored. If you're interested in finding a great deal, some Circuit City stores have started clearance sales. Find out what the Circuit City means for you! Click here for more.
Best Buy Facing Hard Times
Circuit City isn't the only company in trouble. The number 1 consumer electronic store, Best Buy, is facing the most difficult time "we've ever seen." Profit forecasts have been cut. Rapid changes in consumer behavior have prompted the troubled retailer to think outside the box. With their stock dropping and no foreseeable change in consumer behavior, just how much trouble is Best Buy in? Click here for more.
Democrats & President Bush at Odds Over Auto Bailout
Leading democrats are lobbying for a portion of the bailout to go to the troubled American auto industry. The White House is skeptical. The Speaker of the House has indicated that she may call a session as early as next week to develop a package for the auto industry. Can you expect the government to follow-through with this unprecedented move? Click here for more.
Your Money
Planning to attend college? Find out how much money you'll need to save! Click here for more.
For the Lawyers
Debt collector acted knowingly under the Texas Deceptive Trade Practices Act. A Texas Court of Appeals found that based on his 13 years experience, a debt collector acted knowingly and therefore an award of mental anguish damages was authorized. The court also found that the collector failed to establish the bona fide error defense under the FDCPA. Click here for more.