Tips to Keep Your Banking and Financial Information Safe When Online

This month’s article offers a few tips on precautions for internet financial transactions.  Tip 1: Take extra precautions for logging into banks and other financial accounts. Create “strong” user IDs and passwords by choosing combinations of upper-and lower-case letters, numbers, and symbols that are hard for a hacker to guess. Your birth date, address, or other publicly available information can be easily Read More

A Few Tips on How to Complain Effectively

This month’s article offers tips on how to approach a business with a complaint when you have a problem with goods or services purchased. Everyone has a right to be given specifics about a product or service prior to purchase (including warranties) and about the process to resolve a problem if the promised product or service is not provided. Always ask about the process at purchase and get it in writing. Prior Read More

Consumers and Small Business Owners Beware of Fake Lender Loans!

Arizona law limits interest rates to protect its residents from predatory lending. By way of example, the maximum annual percentage rate (APR) including fees is 41% for a $2,000, two-year installment loan. In 2008, 60% of Arizona voters rejected a payday lender ballot initiative that would have overturned the state’s interest rate maxima. To get around the interest rate cap, high-cost online lenders have evaded Read More

A Few Essentials About Claims Against an Arizona Public Entity

Hi folks, this month sharing few general tips on requirements to pursue a legal claim against an Arizona public entity. Generally, you need to file a claim quickly with the appropriate authority –In Arizona, we have the Notice of Claim Statutes, Arizona Revised Statutes. Sections, 12-820 through 12-826, govern the Notice and it is not the easiest of statutes to follow. It mandates that anyone who seeks to make Read More

Helpful Tips to Avoid Repossession

Contact your Lender Promptly – If you are concerned about missing a car payment you should contact your lender as soon as possible. Many banks, auto manufacturer lenders, and other creditors have emergency relief programs to help borrowers who have been impacted by COVID-19. Borrowers who communicate early and honestly with their lenders demonstrate good faith and a good lender will work with you to keep your account Read More

Car Warranties: What You Should Know

You may be a victim of unfair and deceptive practices if you weren’t offered a refund or replacement vehicle when you were sold a lemon. You should know that federal and state laws protect consumers from cars that require constant repairs, even if the repairs are made for free under a warranty. If the dealer or manufacturer will not honor the warranty and comply with the law, you should seek the help of an Read More

How can we create a better contract?

Contracts are used to control conduct, usually with incentives and penalties to ensure the desired outcome. Penalties and incentives place the focus on the desired outcomes, rather than what might make the best practical sense to serve the best interests and circumstances of those involved. For example, contracts that provide incentives for volume or higher prices, rather than quality or value, may lead to Read More

Have you heard of the Franchise Rule or the Business Opportunity Rule?

Many of us dream of financial independence and might consider investing in a business opportunity. A promise of no risk and big profits is often indicative of a scheme that could be fraudulent. The Federal Trade Commission (FTC) has two trade regulations to help protect against deceptive business opportunity schemes, the Franchise Rule, and the Business Opportunity Rule. The FTC’s Franchise Rule, when first Read More

Do you know who buys the debt you owe?

Debt buyers purchase debts from original creditors, intermediaries, or other debt buyers. Debt buyers come in various shapes and sizes. There are many small debt buyers, but most collection lawsuits are brought by BIG debt buyers, large corporations that do business on a large scale, often collecting debts under multiple names, like Sherman Financial Group, L.L.C. (subsidiaries include LVNV Funding, L.L.C. and Read More

A Buy-Sell Agreement, Why a Business Should Have One.

1. It is the plan to follow for the sale of the business. A business Buy-Sell agreement is the legal succession plan for selling a business. Buy-sell agreements can provide a reliable exit plan for business partners when they no longer want to have a stake in the company. 2. A Buy-Sell Agreement allows for tax and emergency planning. A Buy-Sell agreement should involve tax strategy to help minimize tax and other Read More