Submitted by New Jersey Bankruptcy Attorney, Lee Perlman. The problem with a lot of the advice that teenagers and their families get about higher education debt is that it’s totally, utterly bloodless. The federal Department of Education takes its shot in its role as the de facto provider of advice to people borrowing their first […]
Your Credit Score: Updates You Should Know
With a new version of the leading FICO credit score working its way through the lending industry, borrowers who have wrestled with medical debt and others who have only a limited credit history might find their scores have improved when they apply for future credit cards or auto loans. FICO Score 9 was rolled out […]
Navigating the Thickets of Student Loan Counseling
Navigating the Thickets of Student Loan Counseling APRIL 24, 2015 By RON LIEBER Submitted by New Jersey Bankruptcy Attorney, Lee Perlman As a former student loan borrower himself, President Obama has more than a passing familiarity with the complexities of higher education finance. But in a little-noticed bit of comment last year in an interview […]
As Cognition Slips, Financial Skills Are Often the First to Go
As Cognition Slips, Financial Skills Are Often the First to Go APRIL 24, 2015 Francis, 84, with his daughter-in-law, Helen Clark. He has mild dementia, and his family says his former wife took advantage of him. Credit Max Whittaker for The New York Times By TARA SIEGEL BERNARD Submitted by New Jersey Bankruptcy Attorney, Lee […]
Identity Theft Poses Extra Troubles for Children
Submitted by New Jersey Bankruptcy Attorney, Lee Perlman. The note that arrived in the mail, dated March 25 and addressed to my grade-school-age daughter, said what we had expected and feared: Like tens of millions of other Americans, including untold numbers of children, she may have fallen victim to thieves who gained access to Social […]
Tips for the Future Care of Disabled Family Members
Submitted by New Jersey attorney Lee Perlman. Christine Salerno is like many other single working mothers with small children, but her days are often packed with even more emotional highs and lows: Her 4-year-old daughter, Lily, with soft brown eyes and a wide smile, was found to have Rett syndrome, a rare neurological disorder, last […]
How Avoiding Bankruptcy Can Backfire
Submitted by the Law Offices of Lee M. Perlman. In the world of personal finance, credit concerns and debt issues, there is no single issue that is more misunderstood than bankruptcy. Recently the Federal Reserve Bank of New York came out with an exceptional report on the bankruptcy reform of 2005 — which made it […]
Subprime Borrowers Often Lured by High-Fee Credit Cards
UNSOLICITED credit card offers can sound especially appealing to people with blemished credit, or a sparse borrowing history, since they lack alternatives. But cards targeting subprime consumers — those with low credit scores — can get these borrowers into deeper trouble. So-called fee harvester cards offer very low credit limits, but also charge high upfront […]
Why You Should Tell Your Children How Much You Make
Submitted by New Jersey Bankruptcy Attorney, Lee Perlman. Originally published here, by the New York Times. Scott Parker once withdrew his entire month’s salary in $1 bills in an effort to show his family the value of money. Credit Jim McAuley for The New York Times When Scott Parker wanted his six offspring to know […]
NJ Bankruptcy Court Undergoing ‘Generational Change’
Submitted by New Jersey Bankruptcy Attorney, Lee Perlman. Originally published by the New Jersey Law Journal here. View the original print article here. In what one lawyer termed a “generational change,” New Jersey’s bankruptcy court is in the process of being remade due to a series of retirements and one death that by mid-2015 will […]
