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.

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 [ . . . ]

Good Credit is So Important

January 25, 2017 Brian V. Lee 0

Do you want to buy a home? Maybe you want to rent? Do you want to buy a car? Or a boat, or a wedding ring? Do you want to borrow some money and make improvements to your home? Or would [ . . . ]

Are We All Just Jealous of the 1 Percent?

January 3, 2017 Brian V. Lee 0

Wealth Inequality The Walton family owns Walmart. They also own more wealth than 40 percent of all Americans. The 400 wealthiest people in the nation own more wealth than 61 percent of the country combined, or about 194 million people. Do we envy [ . . . ]

Top 9 Financial Fears of Americans

December 21, 2016 Brian V. Lee 0

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 [ . . . ]

Credit Monitoring Services are a Waste of Money

December 14, 2016 Brian V. Lee 0

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 [ . . . ]

Fannie Mae, Ginnie Mae and Freddie Mac: What Do They Do?

December 7, 2016 Brian V. Lee 0

Fannie Mae, Ginnie Mae and Freddie Mac are government-sponsored enterprises (GSEs). The U.S. Congress created these corporations to reduce cost and increase availability of credit to targeted borrowing sectors. GSEs enhance the flow of money between private lenders and investors. [ . . . ]

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