Law Library Articles
Top 10 Finance Articles
If you were to ask people to list the most important sources of motivation in their lives, answers would include love, world peace, and family. Off the record, however, everyone would wink and say, "Just kidding—it’s money, obviously!"
Since finance affects nearly every part of a person’s life, it is not surprising that there is no short supply of finance-related laws. These 10 finance article from the LegalMatch Law Library provide a basic guide to the finance laws that are important in everyday life.
If Charles Dickens had set his famous story "A Christmas Carol" in modern-day America, there is no doubt that Ebenezer Scrooge would fit right in with today’s greedy banks. There are many ways that banks can arrange the terms of a loan so that there is no way you can pay it off. If you believe that you are a victim of a predatory lending scheme, you must read this article to figure out how you can protect yourself and your home.
Not everyone has a credit score as awesome as your own, and a friend or family member with a less-than-stellar credit score may occasionally ask you to co-sign their loan. By co-signing a loan for another person, you become liable for the loan just as if you had taken out the loan yourself. This article addresses everything that you need to consider before agreeing to co-sign.
On occasion, you may find yourself with a number of small debts that each require monthly payments. Depending on the source and type of those debts, the lender that you owe money to may allow you to consolidate your debts so that you can just make one payment per month.
Back in the 1800s, people who borrowed money had very few legal protections and often ended up locked away in a debtors’ prison. Fortunately, there are no longer debtors’ prisons, and debtors have several legal rights that they can use to protect their assets. If you are worried about creditors coming after your assets, then you need to read this article to learn about the rights you can assert against them.
Unfortunately, the reality in America is that you have to get a college degree just to work in the mail room. Students usually must rely on borrowing student loans to pay for their college education, but may not realize the harm that they may have to suffer if they default on those loans. Before you borrow student loans, you should read this article to understand the consequences you may face if you default on student loans.
Imagine if the plumber that had installed all of the sinks in your newly remodeled home started ripping them out because the general contractor had forgotten to pay them. A mechanics lien does allow for something similar because it lets that plumber place a lien against the property to recover money that is owed to him. This article will tell you how to avoid being subjected to a mechanic’s lien and what you can do if you cannot avoid it.
Unlike the world portrayed in gangster movies, creditors and collections agencies are not allowed to go around breaking people’s kneecaps to convince them to settle their debts. Instead, there are a handful of nonviolent ways that states allow for creditors to pursue debtors. If you are in the process of trying to collect on a debt, then read this article to learn what you are and are not allowed to do to get the money that is owed to you.
When you finally retire, you may realize that your nest egg is not quite enough to cover the cost of your monthly trips to visit your grandkids. Instead of cutting down the number of your trips, you can get more money through a reverse mortgage. This article goes over the significant facts of a reverse mortgage so you can see if it is right for you.
Money is why most people wake up in the morning. People want to acquire more of it and want to protect what they have, which is why there are so many different areas of law that govern financial interactions. This article provides a basic overview of the different kinds of law that one may encounter while engaging in a financial transaction.
There are over 12 million unmarried people in the United States that choose to live with their significant other. While there are laws governing a married couple’s assets, unmarried couples that live together must often resort to forming contracts to decide what will happen to their assets in the future. You should read this article to decide if you should create a contract with your significant other before moving in together.