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Our Legal Blog

Are my Bank’s Values My Own?

While there are many considerations to take into account before choosing a bank or investing your money, there is one that is often overlooked by consumers: Where is the bank going to invest my money? How Banks Make Money Despite what many people think, your money isn’t stored in an empty vault waiting for you to take it out. Banks loan money for projects and to increase their own revenues. An article by Stephen D. Simpson on Investopedia puts it simply: “…banks basically make money by lending money at rates higher than the cost of […]

KY Schools Should Consider Teaching More Financial Literacy 

Financial literacy is an important skill that helps consumers understand their personal finances, plan for the future and maximize their success. Financial literacy can also help consumers avoid serious problems, such as large amounts of debt they can’t afford to pay. Unfortunately, according to recent studies, many people leave high school without the skills they need to manage their personal finances effectively. About the Study Each year, Champlain College’s Center for Financial Literacy conducts a study to determine the level of financial literacy among high school students graduating in all 50 states. Each state receives a grade […]

Potential Financial Trends in 2018 

As a new year begins, it is an excellent time to assess your financial situation and plan for the future. To help you as you plan, here are some of the financial trends that may impact your personal finances in 2018. The Job Market Will Stay Strong At the end of 2017, the job market was strong. The demand for workers is high, especially in the fields of technology and healthcare. This trend is expected to continue through 2018, putting workers in a good position to negotiate better pay and benefits. Wages May Go Up […]

How is Unpaid Car Debt impacting our Economy?

The record-setting U.S. auto industry is a shining star against the backdrop of an underwhelming U.S. economy. But is it being set up for a fall by lenders who make risky loans to consumers with poor credit? The fact that a growing number of low-credit consumers are having trouble making their payments could suggest that all is not well in the car loan market. Since early 2016, when the loan market hit the one trillion dollar cumulative value, observers inside the auto industry and analysts outside it have debated – sometimes heatedly – about the […]

New Year’s Resolutions To Manage Your Finances in 2018

Kentucky Student Loan Bankruptcy Lawyer

With the imminent arrival of 2018, have you thought about your retirement? Are you pledging that in the new year you’re going to whip that retirement plan into shape? If you’re serious about that resolution, we have a few simple suggestions that can turn your retirement strategy into a solid, actionable plan. If you Haven’t Got One, Create a Workable Budget About four in ten American households regularly follow a budget. Making one’s not hard. Sticking to it is.  But it is the best way to get a handle on spending and avoid financial peril. […]

Estate Planning Can Make a Difference for Loved Ones

In the view of some people, estate planning is easy — have an attorney draw up a will, leave what you want to whom you want, and hope for the best. However, there is far more to it than that. Through estate planning, you can achieve many goals. You can give to charity, make arrangements for your care if you become unable to make decisions for yourself, and, perhaps most importantly, make it easier for your loved ones to carry out your wishes after you have passed away.  Here’s how… Power of Attorney One of […]

Reducing Medical Debt

Loan Modification Attorney

While there are several reasons for personal bankruptcy, one stands firmly on top of the list: medical bills. A Harvard study in 2007 showed that medical debt was responsible for more than 62 percent of all personal bankruptcies, despite the fact that 78 percent of those who filed had some type of insurance. Health Care Debt The overall number of bankruptcy filings, however, is on a downward trend. According to Yahoo Finance, personal bankruptcy filings dropped from 1,536,799 in 2010 to 770,846 in 2016, a downward turn of nearly 50 percent. One reason is the […]

Millennials Aren’t Saving – Is it Oversight or Inevitable?

According to Wells Fargo Investment Institute, earn 20 percent less than the Baby Boomers did at a similar stage in life. Lower incomes are certainly a contributing factor, but there are other possible reasons for the lack of saving behavior among Millennials. Why aren’t Millennials saving? Debt is one major reason for the drop in saving among Millennials. Debt in general, and student loan debt in particular, is a serious drain on Millennial finances. With almost 34 percent of Millennials having at least some student loan debt (and a median balance of $20,000), many members […]

A Phone Call Worth Answering

Kentucky Business Law Attorney

Those annoying automated phone calls that always seems to ring as the food is placed on the dinner table may finally be worth the trouble. According to an article in August run by the Miami Herald, a class-action lawsuit against the marketing firm responsible for those calls has been settled, resulting in a cash settlement for each call. The calls, from Resort Marketing Group, which represents Carnival, Norwegian and Royal Caribbean Cruise Lines, who are also named as defendants in the suit, violated the Telephone Consumer Protection Act (TCPA) from July 2009 to March 2014. […]