| Volume 5 Number 8 |
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The People’s Lawyer’s Tip of the Day
Starting a new business can be risky, and the type of business determines your individual liability. If you run a business in your own name, or as a partnership, you are responsible for all the liabilities of the business. To protect yourself, consider operating the business as a corporation or limited liability company. An attorney can help you make the right choice.
12 Things You Never Knew About Your Credit Report
Most people have heard about the alligators in New York's sewers and the little kid with cancer who wants a zillion postcards. Unfortunately, those aren't the only myths floating around out there. A lot of the things that people "know" about credit reports and FICO scores have about as much validity as those monstrous Manhattan alligators. Click here for more.
Just How Much are Borrowers with Option ARMs Going to Suffer?
Are you at risk with your adjustable-rate mortgage? More borrowers than originally thought may soon find themselves suffering payment shock. The great fear: Rising interest rates and falling home values. Most concern stems from mortgages with adjustable rates and more than one payment option, or "option ARMs." Click here for more.
Payback Time
Cramming is done. Graduation is over. Then comes the tricky part: paying back those loans from the government and other lenders that helped finance your higher education. Graduates must prepare for what may be their toughest assignment ever. And for those who are still in school, it wouldn't hurt to be mindful of the obligation that's coming up all too soon. Click here for more.
Your Money
What is the the true cost of paying the minimum on your credit card bill? Click here for more.
For the Lawyers
Discharge injunction violated by refusal to release lien on car. The 1st Circuit has held that an auto lender violated the Chapter 7 discharge injunction by refusing to discharge its lien on the debtors' vehicle until they paid the remaining balance on their prepetition loan. Click here for more.