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Registered on:6/17/2011
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re: Bernie and AOC introduce bill capping credit card interest rates/ payday loans at 15% - bigblake
[quote]I believe businesses pay 5% to credit card companies on each purchase made with their card[/quote] Not really. There are businesses that do, small online shops. Online pays more because it's "card not present" and thus fraud is higher. Costco, Walmart, PayPal, etc.. pay very low rates du...
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re: Bernie and AOC introduce bill capping credit card interest rates/ payday loans at 15% - bigblake
[quote]If you left all the rules the same, but regulated the payday loan interest rates to 10% per month. I guarantee they would all stay in business. [/quote] Theyre lending small amounts for 1 month, maybe even 2 weeks. Let's say they're capped at 120%, that means they'd only gross $20 on a ...
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re: Bernie and AOC introduce bill capping credit card interest rates/ payday loans at 15% - bigblake
The Navy Credit Union Association requires that credit unions have a max 18% interest rate. Due to the recent fed rate increases, this means more customers are hitting the 18% rate (credit cards are index + spread). In order to stop to credit denials, credit unions are lobbying to raise that cap. ...
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re: Bernie and AOC introduce bill capping credit card interest rates/ payday loans at 15% - bigblake
[quote]Are you suggesting 15% is not enough to cover gambling on poor cardholders. Lol. [/quote] No it's not. Essentially everyone under 630 can't have a credit card....
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re: Hero of Christchurch terror attacks - bigblake
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re: Hero of Christchurch terror attacks - bigblake
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re: Lawyer Wants Lots of Money - bigblake
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re: Lawyer Wants Lots of Money - bigblake
[quote]we aren't getting the full picture here[/quote] Trust me, the full picture isn't much more than a dozen or so emails forwarding me the discovery request and reminding me to fill out the discovery questions after taking a couple of weeks to do so....
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re: Lawyer Wants Lots of Money - bigblake
My lawyer is not the golf course type. Fairly advanced in his years and personality doesn't match golfer....
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re: Lawyer Wants Lots of Money - bigblake
Thanks for the advice. Was thinking about sending a certified letter asking for the itemised statement. Do I think I should do that or email, which is the only way we were corresponding previously?...
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re: Lawyer Wants Lots of Money - bigblake
[quote]You can then determine how reasonable it is before reporting them to the Bar Association. [/quote] Is it the Bar Association where I'm going to fight that battle or a court room? My first priority is not paying the extra money, I don't really care whether he's sanctioned by the Bar Assc....
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re: Lawyer Wants Lots of Money - bigblake
[quote]Who is the lawyer? [/quote] Michael Avenatti (seriously though I keep a low profile on here so can't say)...
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re: Lawyer Wants Lots of Money - bigblake
Fees were discussed in terms of hourly rate, but nothing more specific was discussed. Lawyer asked for retainer of $5k, gave it to him. After firing I get a bill for an extra $7k out of the blue. ...
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re: Lawyer Wants Lots of Money - bigblake
[quote]Handel on the Law[/quote] Never heard of that, I googled but do you know a specific episode where it discusses something similar?...
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re: Lawyer Wants Lots of Money - bigblake
[quote]Interview multiple lawyers, weigh pros and cons of each, then make well informed decision on who is best choice for you and your situation. Had a situation many many years ago where choosing a higher priced lawyer ended up being money EXTREMELY well spent. Cringed when I initially wrote the...
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re: Lawyer Wants Lots of Money - bigblake
[quote]Is there law behind this or are you just guessing? Why would you expect an itemized bill for a retainer? [/quote] I'm already out the retainer. I've come to terms with that. It's the $7,000 above the retainer that I don't want to fork over....
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re: Lawyer Wants Lots of Money - bigblake
[quote]Make him document the time spent on the case. He has to show that he earned the fee. [/quote] and what if he says he takes 3 hours to write a paragraph email. What is the recourse?...
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re: Lawyer Wants Lots of Money - bigblake
I signed and paid retainer. He wants $7,000 over retainer....
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re: Lawyer Wants Lots of Money - bigblake
[quote]Hire a third lawyer to wrangle the first two. [/quote] As of now I like my second one, but I have thought about approaching a small claims lawyer to write something to my 1st lawyer. Though I'd probably spend a few thousand paying the small claims one to save $7,000....
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Lawyer Wants Lots of Money - bigblake
Hired a lawyer, they responded to a discovery request by the other party. Responded with all objections (2 pages). Not a single day in court, only met in person before giving retainer, all email correspondence. Trying to charge me $5,000 retainer and an additional $7,000 in fees ($12k total). Fi...
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