Photo credit: Torrey Pocock, Co-founder of
Riggo Productions.
Thank you Torrey and Angie of
Riggo Productions
for providing in studio prep and day of shooting production for Peter's interview with The Doctors, a nationally syndicated program.
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Holland Law Firm - In the News
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Peter Holland was a featured guest on
The Doctors
, a nationally syndicated talk show, in a segment called "Money V$ Medicine." One of the main points: surprise medical bills are increasing at alarming rates around the country and hospitals are suing their patients for payment. Peter explained during the interview with Dr. Travis Stork that medical debt is different, it is not like other debt. Out of nowhere you can have a medical emergency and you don't have a choice in the cost of services. Four in 10 Americans couldn't cover a $400 emergency according to a 2017 Federal Reserve Board study. So this kind of debt can be devastating for a family and put them in line for filing for bankruptcy. Surprise medical debt is quickly becoming a national crisis. The segment airs in December.
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Forced Arbitration: Consumers Left Out
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Chances are when you sign a contract for a new cell phone, lease on a car, open a bank account, or for nursing home services, you have "agreed" to forced arbitration. Buried in the fine print, many contracts state that when a problem arises with the service or product, you cannot sue in court. And if you do sue, you can be forced into arbitration. Arbitration is a process with no judge, no jury and no right of appeal. Moreover, most forced arbitration clauses contain a ban on class actions. The result: most people cannot find a lawyer to take a consumer case to arbitration. So the bad practices continue without the light of day being shined by an impartial jury or judge.
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Buying a New or Used Car: Often the Dealership Financing has the
Highest Interest Rate
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When you decide to buy a new or used car, do you sometimes feel as though you are going to do battle? Has a car dealer ever asked "how much do you want to pay per month?" Most financial advisers would tell you don't finance through the dealership. Instead, get pre-approved financing through your bank or credit union or directly from an
auto finance company
, and then go to the dealership. Most dealers will not disclose that when you apply for financing through the dealer, many will shop your application to different lenders and then select the lender that will give the dealer the highest "dealer participation" fee. The higher the interest rate, the bigger the fee to the car dealer. The solution is to take out the middle person: get your financing ahead of time from a bank, credit union or
auto finance company
. That way, the only thing you have to negotiate is the cash price. Read former car dealer Remar Sutton's advice from "
Don't Get Taken Every Time
." Here is Chapter One, "
A Day in the Life of Killer Monsoon
" which is a fictional account of what is really going on from the car dealer's perspective when you walk on to the lot.
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HOLLAND LAW FIRM: EVENTS AND BOARD MEMBERSHIPS
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The
Holland Law Firm
recently sponsored a hole at the Federal Bar Association's (Maryland Chapter) 10th Annual Columbus Day golf outing.
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We Are Here to Help. Call Us!
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T
he Holland Law Firm, P.C.
914 Bay Ridge Road, Suite 230
Annapolis, MD 21403
410 280 6133
NOTE: This newsletter may be considered to constitute advertising under Rule 7.2 of the Maryland Code of Professional Conduct and other state rules. Peter Holland is responsible for the content.
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