Lee Legal keeps abreast of the local economy in Virginia, Maryland, and Washington, D.C. so you benefit from current developments. Lee Legal examines the legal and financial big picture to determine what options are best for you.

From income inequality to minimum wage to personal finance issues, we want you to feel comfortable with the solutions we present. Context is important.

What’s So Great About Stuff, Anyway?

August 1, 2017 Brian V. Lee 0

Money can’t buy happiness, but it can put a smile on your face. Everybody needs things, everyone needs stuff. What separates us from the other animals is our ability to use things to make our lives easier and more comfortable. [ . . . ]

How to Find Out If You Have a Debt in Collection

June 2, 2017 Brian V. Lee 0

If you’re concerned about your credit score, you probably want to know if you have any debts in collections. Having debt in collection can badly harm your credit score. And the damage can multiply if unaddressed. Creditors often report debts to [ . . . ]

Break Up the Banks

May 30, 2017 Brian V. Lee 0

We should break up the banks. Only the full separation of depository banking and investment banking can protect consumer savings from banks’ naked speculation. Our nation needs a modern-day Glass-Steagall Act, the Depression-era banking system repealed in 1999. Commercial banks should [ . . . ]

Are You Meeting Your Financial Goals?

May 11, 2017 Brian V. Lee 0

Are you meeting your financial goals? More specifically, are you saving enough to meet your financial goals? The CEO of insurance giant Assurant recently observed: The reality is, half of Americans can’t afford to write a $500 check. Assurant CEO [ . . . ]

How Bankruptcy Promotes Entrepreneurship

April 18, 2017 Brian V. Lee 0

Starting a business takes moxy, guts. Business owners can offset the risk of failure with feasibility planning and hard work. But many businesses fail, and our economy must not doom entrepreneurs to complete ruin. The truth is that failure is an [ . . . ]

The Steep Cost of Debt Settlement Companies

March 1, 2017 Brian V. Lee 0

The cost of debt settlement companies is steep, too steep. Debt settlement companies trash your credit and increase your tax liability. And in most cases, debt settlement companies will fail to settle a single debt on your behalf. Here’s why [ . . . ]

How Your Credit Score is Calculated

February 21, 2017 Brian V. Lee 0

Your credit score is calculated using the “FICO Five” factors: payment history, credit balances, length of history, credit mix, and new credit. Instead of having a single credit score, however, you actually have three. Each of the the three major [ . . . ]

Five Ways Debt Can Wreck Your Marriage

February 14, 2017 Brian V. Lee 0

Maintaining a good relationship with your spouse requires work. Hard work. Remaining emotionally connected to your spouse while coordinating the logistics of your daily lives involves true commitment, selflessness, and sacrifice. Debt should not come between you and your spouse. Here are [ . . . ]

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