Jul 11

Good Debt Vs. Bad Debt – What Are The Key Differences?

By John Buchanan | Debt

Debt is usually characterized as being negative. In most cases, of course, it is. After all, no one wants to go through life owing money to anyone else. What some fail to realize, though, is that having some kinds of debt is very useful. These debts can help to build up your credit score and ultimately show banks and other lenders that you are a trustworthy and valuable borrower. Knowing the differences between the right kinds of debts and the bad, though, isn't always as easy as you might think. It may help to take a look at what separates the two.

Good: Debt That Shows Growth

Good debt, generally speaking, is debt that shows potential for growth. This isn't often debt that you'll pay off in the short-term - it's long-term debt for long-term projects. If you have higher education debts, for example, you'll generally be judged favorably because it shows that you are attempting to put yourself in a better financial position. Even taking out a loan for a car can be useful, mainly if the car loan is used for a business vehicle. Anything that shows forward momentum in your life will generally be looked upon well by lenders and other financial institutions.

Bad: Low-Value Debt

Debt for low-value purchases is usually a terrible idea. In most cases, this means high credit card debt used to pay for unnecessary items. This isn't to say that credit card debt is necessarily wrong - carrying less than twenty percent of your card's limit can be great for your credit score. If you are maxing out credit cards or otherwise incurring high levels of consumer debt, you're putting a great deal of bad debt on your plate. The best way to deal with this is to pay it off as quickly as possible and to get more debt info before you borrow.

Good: Debt That Shows Stability

Debt that shows stability is also beneficial for lenders. A mortgage, for example, is almost always considered a proper liability as long as it's not one of multiple such loans. Likewise, business loans with a good payment history can be seen by lenders as indicative of your ability to be successful. Loans that help to establish you in a community and that are accompanied by substantial payment histories are usually the kind of debt that you'll need to borrow more money in the future. These debts help your credit score and can typically help you.

Bad: High-Interest Debt

High-interest debt is almost always bad debt. These debts not only represent a dangerous type of loan, but they also serve a variety of bad decision making. Payday loans and cash advance loans are the most common types of high-interest debt to hurt credit, and they're incredibly predatory in most cases. These loans not only have high-interest rates at their start, but they also tend to be accompanied by payment plans that are hard to keep. This, in turn, places the borrower in danger of falling behind on his or her payments and turning lousy debt into something even worse - horrible debt that shows a history of late fees.

Good: Low-Interest Debt

Conversely, low-interest debt is usually smiled upon by lenders. Low-interest mortgages don't place as much of a financial burden on borrowers, and they often show that a lender already trusts the borrow. One of the most common good debts in this category is a home equity loan - a loan that already requires that you own a home and that you have some equity in it before you can qualify. Low-interest loans are generally considered good debt because you have to be in a stable financial position to get most of these loans.

It's always a good idea to know the difference between good and bad debts before you borrow. While it can be difficult to avoid bad debt entirely, make sure it's balanced out by a reasonable amount of good debt. No matter what type of debt you have, though, it's important to remember to keep up with payments and to keep it to a manageable amount. If you are dealing with debt, make sure to contact JB Martin Debt Collection Lawyer.

legal-resources
Jun 21

Types of legal resources

By John Buchanan | Legal resources

Legal resources are procedural actions that enable the eradication of irregular and unlawful acts adopted in the administrative procedure. The basic allocation of remedies is on a regular and extraordinary basis, and the criteria for the division are derived by the moment they can be used, the reasons and possibilities for their use.

Regular remedies are those that are normal as the possibility of challenging an administrative act before it becomes final. The procedure for them is appellate and the regular stage of the administrative procedure. The only regular legal remedy in an administrative procedure is an appeal. The deadlines for its use are short and, as a rule, there is a delay, and in principle, it can be invested due to any violation of material or procedural laws.

Extraordinary legal remedies are used against final, excellent and enforceable administrative acts, i.e. Contrary to acts that can not be challenged by an appeal. As a rule, extraordinary legal remedies have no suspensive effect. In a sense, the procedure towards them is a new procedure and can only be used if an appeal has been previously used. The entry is due to serious violations of the laws and the deadlines for their use are longer (in relation to deadlines for appeal). There are seven of them:

– Repeat the procedure

– Changing and canceling the administrative dispute resolution

– Request for the protection of legality

– Annulment and termination based on official supervision

– Abolition and alteration of a final decision with the consent or at the request of a client

– Extraordinary cancellation of

– Announcing the solution to the inevitable.

The final administrative act is the one against which there is no place of regular legal remedy, that is, which can not be appealed against, and such are all other administrative acts as well as the first instance in which the appeal is not allowed. A legally binding administrative act is one against which they can not use the appeal or conduct an administrative dispute (the decision has become final, the administrative dispute is not allowed, the deadline for the application has passed or the administrative dispute has been filed and the appeal rejected). The executive administrative act is any final and final administrative action, as well as the one with no call, but has not yet become final or enforceable.

Specific case or predetermined

The means of legal protection can be determined separately in each particular case, taking into account many different facts, including the amount of damage caused to the victim. Funds can also be determined in advance for the whole class of cases. For example, a fixed penalty may be imposed for all violations of a legal norm, no matter how much damage is done in a specific case.

Criminal-acts---drugs
Jun 21

Criminal acts – drugs

By John Buchanan | Criminal defense , Law , Legal resources

Possession of an illegal drug constitutes a criminal offense under Article 10 of the Law on the Abuse of Drugs and Trafficking in Human Beings of 1985 (NSV). The maximum sentence is two years in prison. To prove possession, the prosecution must first prove that:

– The illegal drug was in possession of the accused person

– A person knew she was in possession of an illegal drug

Each accused person may have a defense if:

– The substance is not forbidden

– The substance was not in your possession

– You did not know that the substance was in your possession

Do you get a criminal record?

According to the verdict, you can be sentenced to imprisonment of up to 2 years. However, the maximum penalty for someone who has files and the past of criminal charges.

Is there a court order and a failure to appear in court?

The police will sometimes have the opportunity to make a written statement. In that case, you can declare yourself guilty and avoid going to court. This is not recommended. It is always better to appear to the court personally, and it is advisable for you to be represented by a lawyer, especially if you hope to avoid criminal convictions. Work shall be subject to a maximum sentence of 2 years in prison. Attending the court, you show judges to understand your actions and accept responsibility seriously.

Are police allowed to use sniffing dogs to detect drugs?

dogMany people who are accused of possession of drugs have discovered a police dog. If a cop suspects and has justifiable reasons to have an illegal substance in their possession, they can stop you in a detailed search. It’s important:

– Police do not need to use means for finding drugs if a person is asked for a sports event, concert, parade

– The order is also not necessary in case of police raids in bars and pubs.

Do I have the right to quit?

Of course, you have the right to feel. You will no longer be punished for not completing the question. If you have cooperated with the police that can be at your disposal during the trial. If you are in doubt, seek legal advice.

What is the case of drug supply?

The supply of illegal substances is a much more serious charge of possession, and the maximum sentence is between 15 years and life imprisonment. A person will be charged with possession when the amount of substance is below the quantity to be transmitted and where there is proof of supply (e.g., Large amounts of money or small supply). The quantity of supplies for each drug varies, but as an example, methylamphetamine has an amount of 3 g that is transmitted, and ecstasy is 0.75 g. When the amount of drugs found in an individual’s possession is above the amount transmitted, the prosecution can respond to the weight to prove that the drugs were for supply.

criminal-defense-lawyer
Jun 21

Experienced criminal defense lawyer

By John Buchanan | Criminal defense , Law , Lawyers

When dealing with criminal charges, more is just your freedom in question. Though you think that a tail is a prison sentence or a large financial penalty, that’s the least you need to be concerned about, you need to realize that a criminal conviction can be followed for the rest of your life. If you have been arrested or charged with a criminal offense, you need the assistance of an assistant criminal lawyer. A good lawyer for criminal defense can explain your right at all stages of the criminal record

Why do you need a lawyer for criminal offenses?

In the event you are accused of any criminal intimidation, it may be a serious problem. A person facing criminal charges risks extreme punishments and consequences, such as imprisonment, criminal liability, and loss of prospects for employment. A criminal report of any nature requires legal advice of a qualified criminal lawyer who can protect your rights and ensure the best possible outcome of the case.

What is required of a lawyer?

Lawyers deal with various criminal cases. When looking for a criminal defense lawyer, you will want to find the best case for your case. It is important to pay attention to the level of his skills and knowledge. Because of the nature of your job, it is important that the lawyer you hire has the necessary level of skills needed to defend the case. In the end, since criminal laws and penalties vary from state to state, it is important that a lawyer has experience with national and local court rules.

Questions for appointing a criminal defense lawyer

questionThese are the questions that should be asked of your chosen lawyer:

– Do you have any experience with such cases?

– How many of my criminal cases are you leading?

-How many experiences do you have injury research?

– How often do you consent to guilt or monetary compensation?

– What are your lawyer fees?

– Which way of payment?

Criminal defense fees

The costs of engaging a criminal attorney will vary depending on some factors. This includes a lawyer’s experience, his reputation, and the cases he represents. Depending on the recruitment fee, some lawyers may allow you to agree on a payment plan so as not to affect your home budget. In any case, it is a good idea to consult with various law enforcement advocates in your area to find the one that offers the best conditions, which only pay for representation. If you cannot afford a lawyer, you will receive from the state or government a legal representative who will represent in your case.

Get legal help

Now when you know what a good lawyer can do for you and what you can expect, contact the criminal defense counselor here today to discuss your situation and get legal advice