Student Loans are Holding Back Home Ownership

December 29, 2016 Brian V. Lee

America’s student-loan debt grows by $2,726 every second. Total student loan debt in the United States has topped $1.3 trillion, second only to mortgage debt. Nearly one-third (30%) of Americans know someone who has delayed the purchase of a home because of [ . . . ]

D.C. Small Claims Increase is a Big Win for Creditors

December 27, 2016 Brian V. Lee

Effective immediately, the  jurisdictional limit of D.C.’s Small Claims Court has increased from $5,000 to $10,000. By contrast, Virginia’s small claims (General District Court) limit is $25,000, and Maryland’s small claims (District Court) limit is $30,000. The D.C. small claims increase took [ . . . ]

Bankruptcy in the Bible

December 24, 2016 Brian V. Lee

Deuteronomy defines bankruptcy in the Bible. But the Bible also frequently mentions lending, fair pay, creditors, interest payments, and money in general. Let’s start out with one of Jesus’ most important messages before we take a look at the Old Testament. [ . . . ]

Five Pound Box of Money — Pearl Bailey

December 24, 2016 Brian V. Lee

Hey, Santa Claus You want to make me happy this year? Listen to me, honey Give Pearl something That would be of some use to me Like a five pound box of money Now there’s a little gift That’s loaded [ . . . ]

Top 9 Financial Fears of Americans

December 21, 2016 Brian V. Lee

An early 2016 study by insurance and investing behemoth Northwestern Mutual revealed some interesting insights into several issues impacting people’s long-term financial security. Here are the top 9 financial fears in America. The 9 Biggest Financial Fears for Americans Number One and [ . . . ]

Does Foreclosure Show Up on a Background Check?

December 19, 2016 Brian V. Lee

Running a personal background check can tell a potential employer or landlord a lot about you. Today’s background checks include more than just your criminal record. Background checks also reveal prior addresses, previous employers, and your credit history. But does foreclosure [ . . . ]

Father Christmas — The Kinks

December 17, 2016 Brian V. Lee

When I was small I believed in Santa Claus Though I knew it was my dad And I would hang up my stocking at Christmas Open my presents and I’d be glad But the last time I played Father Christmas [ . . . ]

Tuition is Dischargeable in Bankruptcy

December 16, 2016 Brian V. Lee

Section 523 of the Bankruptcy Code provides that student loans are not dischargeable in bankruptcy. But unpaid tuition is not a student loan. While it is extremely difficult to discharge student loans in bankruptcy, unpaid tuition is dischargeable in bankruptcy. [ . . . ]

Credit Monitoring Services are a Waste of Money

December 14, 2016 Brian V. Lee

Many companies (like LifeLock, Identity Guard, and IdentityForce) offer to monitor your credit report and alert you if something suspicious happens. These companies charge a monthly fee, between $9.99 and $29.99 per month. All three credit bureaus also offer credit monitoring services for various [ . . . ]

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