A few reasons why you should review the “arbitration” section of a contract?

"Win or lose, do it fairly." –Knute Rockne What is Arbitration? Arbitration clauses are found in contracts for car purchases, home construction, bank accounts, student loans, cell phones, employment, nursing homes and more. Arbitration is a private procedure in which a legal dispute is submitted to make a binding decision on the dispute. When arbitration is mandatory it deprives of the opportunity to go to court. Read More

How to Avoid Tax Scams

Many of us know of someone who has lost money and possibly their personal information to a tax scam. Probably the most important thing to share is that the Internal Revenue Service (IRS) will not initiate contact with a taxpayer by email, text message, or social media channels or a phone call to request personal or financial information. Here are a few telltale signs of a tax scam: A phone call demanding 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 Brief Introduction to the ACFA

Consumers and Businesses are protected by various laws at different levels of government. The Arizona Consumer Fraud Act (ACFA) is a law that protects consumers and businesses at the state level. Let’s take a look at the Act to find out how it works. What is the Arizona Consumer Fraud Act? Enacted in 1967, the Arizona Consumer Fraud Act governs transactions. The Act is designed to uncover “unlawful practices” in Read More