Personal Finance, Consumer Law

Personal Finance refers to financial management skills that are necessary for individual or family households to ensure that the properly save, spend and invest money while planning for future events and taking into account risks. Consumer Protection Law ensures that consumers have the benefits of having reasonable information and fair trade competition before they make a purchase in the marketplace. These legal rights are designed to prevent fraud by vendors and also to provide protection for those who are less capable of protecting themselves, such as the elderly. The law covers the purchase and sale of products, services and related matters such as credit and loans. Popular federal law includes the Consumer Credit Protection Act (CCPA) (Truth in Lending Act), the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA). Fair Credit Billing Act was added to the CCPA in 1975 to deal with billing practices in credit accounts. The Magnuson-Moss Act covers requirements for product warranties. Personal finance concerns management of individual or family finances. it includes making a budget, saving money and planning spending while taking into account financial risk and future events that may occur. This includes incurring debt such as student loans, medical loans, credit card debt, credit ratings and other issues concerning money management and refinancing.

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Michael Wechsler
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If you’re anticipating signing a health club, gym or martial arts school membership contract, it is very important to be aware of certain contract clauses. While some onerous or harsh terms can usually be identified in plain language (such as limited options and penalties for early...
Michael Wechsler
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It is very important to be prepared and know your rights before buying a used car from a private seller. Once you have completed the transaction, you may not have recourse for your mistakes. Preparation is Most Important When Buying a Used Car There is no substitute for good preparation...
Michael Wechsler
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4,728
Many people are scrambling to find ways to repair their credit. They are desperate to fix their money problems and are easily susceptible to credit repair scams. This article will help you identify credit repair scams and what to do if you have a credit repair problem. Warning Signs of a Credit...
Michael Wechsler
5 min read
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9,315
If a person dies without a will, that person’s estate will be reviewed in a probate court of law to determine who should be the rightful heirs to inherit the property. If the court determines that there are no surviving heirs or “close relatives” as defined by state law, the estate property may...
Michael Wechsler
5 min read
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6,304
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Consumer Fraud is defined as an illegal act of deception in order to obtain an unlawful financial gain at the expense of another person or entity. It can be committed by one or more persons at the expense of others. Consumer fraud is often referred to as white collar crime, generally committed...
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