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If you want to speak with someone immediately, please call our client-intake specialist, Ken Cooper, at (856) 308-5426.

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Lending Fraud

What is lending fraud?

Lending fraud scams are often dangled in front of needy consumers, promising great, helpful loans that sound too good to be true-and visually are. After the consumer is hooked they find out that their newly acquired loans feature high-interest clauses and are stuffed with hidden fees.

What are the Signs of Lending Fraud?

There are no limits to the different types of loans or types of consumers that lending fraud traps can impact. Consumers need to be on the lookout for telltale signs, including:

  • Loans with built-in, high interest rates, unrealistically high or low monthly payments, automatic refinancing, etc.
  • Lenders eager to approve loans without checking credit history
  • Retroactive hidden fees and costs
  • A disclosure lacking information
  • Blank forms that the lender may fill in after the terms are agreed upon

Am I Protected From Lending Fraud?

The Truth in Lending Act protects, passed by Congress in 1968, protects consumers against lending fraud. The Act maintains that lenders must provide the following information about a loan:

  • Payment schedule
  • Finance charges
  • Amount financed
  • Annual percentage rate, with information concerning variable-rate
  • Creditor's identity
  • Length of the loan and the number of payments needed

How Do I Contact an Attorney to Discuss My Case?

Please fill out the Free Case Evaluation form on the top left side of this page and we will respond within 24 hours. If you wish to speak with someone immediately, call our client-intake specialist, Ken Cooper, at (856) 308-5426.

Disclaimer: While the use of this website does not form or imply an attorney/client relationship, we will treat all personal information with the strictest confidentiality and will never disclose it to anyone.


Free Case Evaluation

Are you a victim of lending fraud? Submit your complaint to one of our New Jersey attorneys for a free case evaluation by filling out the form below.

If you want to speak with someone immediately, please call our client-intake specialist, Ken Cooper, at (856) 308-5426.

If you have questions or want to speak with a lawyer about your case, please fill out the form below. Fields with * are required.

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