| Volume 6 Number 1 |
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The People’s Lawyer’s Tip of the Day
Voluntarily returning a car you can't pay for may not get you off the hook. In most cases, the car will be sold and you will owe the difference between your debt and what the car sells for. If you think the car is being accepted in exchange for release for your debt, get that agreement in writing.
Millions of Seniors Facing Medicare "Doughnut Hole"
Millions of older Americans are confronting a temporary break in their Medicare drug coverage this month that will require them to pay the full cost of their prescriptions or face the painful prospect of going without. This is the "doughnut hole" in the new Medicare drug benefit that began in January, and advocates for seniors say there is nothing sweet about it. Some seniors knew nothing of the coverage gap until they were hit with a bigger drug bill. Click here for more.
How Safe is Your Identity?
Statistics show identity theft and cybercrime has exploded in recent years. And it's no longer just hustlers diving through dumpsters or searching mailboxes for checks and unshredded financial documents. The growing use of the Internet, combined with improved technology, has made it easier for thieves and fraudsters to reach more victims. Click here for more.
Lesson for Students: The Best Debt Is None
We're told over and over again that student loans are good debt. The conventional wisdom says that, like a home loan, student loan debt will turn into an asset. But what happens when it doesn't turn out that way? What happens when people take on tens of thousands of dollars in loans that may take decades to pay off? Click here for more.
Your Money
How much money can I save in my 401(k) plan? Click here for more.
For the Lawyers
Insured can't recover for "diminished value" of car. An insured can't recover for the diminished market value of a vehicle following an auto accident if the insurer has paid for full and adequate repairs. Click here for more.