Legal Assistance
How old do you have to be to receive legal assistance services?
Define power of attorney (POA)
A legal authorization that gives a designated person the power to act for someone else.
What age are you considered an adult?
18
How do you purchase a car if you don't have sufficient funds?
A loan
What is a credit score?
A reflection of how good you are with paying bills on time and handling money.
List 3 main services
What are wills, notary services, power of attorney (POAs)
Who may benefit from a power of attorney
Anyone above the age of 18
Define a contract
An agreement with another person or company to do something
True or False? It is always necessary to have a loan when purchasing a car.
False
What is a good credit score
670-739 (Good)
740-799 (Very good)
800-850 (Excellent)
Who is eligible to receive these services?
Active-duty members and their dependents
What is a situation in which a power of attorney may be useful
Answer may vary
Purchasing a car, medical needs, signing documents
Give an example of a contract
Phone bills, gym memberships, internet services, car payments, lease agreements
What factor do banks use to trust people to pay back money?
Credit Score
How do you get good credit?
Pay bills on time
True or False? You do not have to have an appointment to come to the legal office.
True
Who should you give a power of attorney to?
Answers May Vary
Parents, siblings, grandparents
What is the main idea should you look for when entering a contract
The terms you are agreeing to
What is the average price of a used car?
$35,000
What is an interest rate? BONUS: What is the main factor in how high or low your rate is?
The fee that is being charged for you to borrow that amount of money
Bonus: Credit
What is the document that determines how you estate is distributed in the event of your death?
True or False? You must draft your own power of attorney.
How do you get out of a contract
Exercise a predetermined termination clause
What is the average interest per year for a person with a used car and poor credit?
$7,105
What is the average interest rate for a credit card?
20%