| Volume 32 Number 7 |
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The People’s Lawyer’s Tip of the Day
Do you know the billing date on your credit card? You should. Bills are sent out on the billing date and must be paid with in 20 to 25 days. Shopping the day after your billing date gives you an extra month before payment is due. Click here for more.
Long Term Care Insurance - The Fine Print
Many consumers invest in "long-term care" insurance as part of planning for their future. Expecting to receive care when they need it most, studies have shown that long-term care claims are frequently arbitrarily denied. A survey of individual States demonstrated an individual claim was denied by maneuvering around State law and governing authorities. What issues should you be prepared for when planning for long-term care?
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Money-saving Moves that Hurt
Consumer Reports recently released a list of common mistakes people make when trying to save money. By skimping on tires, buying secondhand goods, or even shopping at the dollar store, consumers may find themselves in trouble. In the most important of cases, a consumer's personal safety relies on smart decision-making when adjusting his or her personal budget. Find out how to avoid potentially dangerous savings pitfalls. Click here for more.
Consumer's Hurt By Epic Fraud
In an alleged Ponzi scheme, New York money manager Bernard Madoff lost $50 billion dollars in client money. As of now, it is estimated that less than 25% of the money is left. Madoff conducted business with great secrecy, lacked a big-name external auditor, and made off with money invested by average consumers, high profile sports team owners, cities, and endowments. In one of the largest "get rich" scams in history, do the consumers have any chance of getting their money back? Click here for more.
Honda Feeling the Pinch
The changing economic climate is having an impact on foreign automakers manufacturing in the US. Citing a dramatic decrease in demand, Honda has cut production by 119,000 vehicles as it adjusts to the changing market. As of now, not jobs will be cut. However, if US automakers go under, and the global economic situation gets worse, serious cuts will be on the way. Click here for more.
Your Money
What is my return if I sell my stock now? Click here for more.
For the Lawyers
Firm's collection fee violates the Fair Debt Act. The Seventh Circuit has found that a debt collector violated federal law by charging debtors a 15 percent collection fee. Click here for more.