| Volume 85 Number 2 |
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The People’s Lawyer’s Tip of the Day
If you can't get a good interest rate, consider increasing the amount of your monthly payment. For a $15,000 loan at 21 percent interest, payable at $405.80 for 60 months, the interest charge you pay over the term of the loan is $9,348.02. Your total repayment amount is $24,348.02. By adding just $50 a month, you shorten your payoff term to 50 months and save $1,814.22 in interest.
For more general information about the law, visit my website.
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Judge Says You Can't Resell Digital Music
Can you resell digital music you buy online?
According to U.S. District Judge Richard Sullivan, the answer is no!
The lawsuit, brought by Capitol Records LLC, effectively ends efforts to create an online marketplace for used digital media. It may also change the traditional definition of the word "used," as now updated by modern technology.
You can sell a used CD, but you can't sell your used MP3's. Find out why!
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How Insomnia Can Harm Your Heart
Insomnia does a lot more than keep you up at night. According to a study published in the European Heart Journal, there is evidence of a substantial link between insomnia and heart failure. The study, which spanned eleven years and focused on 50,000 men and women, looked at trouble falling asleep, trouble staying asleep, and waking up still feeling fatigued. Ultimately, persons struggling with insomnia can up stress hormones that increase inflammation levels and release catecholamines, which is tied to heart disease.
What can you do to get consistent, better sleep?
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Storage Units: To Insurance or Not
Do you have a storage unit? Should you buy insurance to cover the unit?
Before you do, check with your homeowners or renters insurance to see if it covers possessions kept outside the home. In many instances, homeowners or renters insurance will protect possessions outside the home for up to 10 percent of your total coverage. However, many contracts are different, so read carefully to see if you're covered.
If you're not covered, or simply would like better coverage, insuring a storage unit can be pretty inexpensive. For example, $1,000 of coverage would cost about $5 a month.
As with any purchase, research the insurance company carefully! Don't commit to a contract that might not actually help you when you need it most!
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Your Money
Expecting a tax refund? Should you save it or spend it?
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For the Lawyers
Fair Credit Reporting Act damages for impairment of credit affirmed. The Fifth Circuit affirmed an award of $20,000 in damages for impairment of credit based on the defendant’s failure to properly investigate a credit dispute.
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