Tag Archive: contract law

Unfair Debt Collection?

Debt collectors are like cops:  do not assume tell the truth when they are interrogating you. Cops are free to lie to suspects.  Debt collectors, not so much. And creditors, like, say, American Express, also have some constraints on their collection efforts. DON’T BELIEVE THE ENEMY.  If the cops are interrogating you, they are NOT…

What Happens If I Get A Judgment Against Me?

Empty Pockets

“I am being sued by capital one for a credit card debt…I’m unemployed…will I still have to pay if I lose in court?” Someone posted this question to me.  I never know what the enemy may do, but, here are the possibilities: So here comes the long winded answer about money judgments in St. Clair…

5 Worst Insurance Bets

I have selected my five worst insurance bets. What are yours? 1.  Credit Life You are already in the hole, you owe money, and they tell you, hey, you want your spouse and kids saddled with this debt? Oh no, me?  I am a nice guy, I don’t want to do that. Most likely, check…

Beware Debt Collectors – on Facebook!

Over 250 million people are on Facebook. My own use of Facebook has changed. I used to check my friends every day, update my status at least that often. I changed my birthday after my brother told me he used the wrong one to thwart identity thieves. Everyone should all be careful about what information…

Home: Rent Or Buy?

The New York Times recently published an elaborate chart of the cost of renting versus buying a home. Well, I could not get past the first line before I had a problem with their analysis. It assumes home values will increase 1% per year. This is the thinking that provided the foundation for the current…