Predatory Lending
When a bank or other lender tries to trick a consumer into taking a loan with unfair or illegal rates or terms, that practice is often called "predatory lending" or "discriminatory lending." These loans come in many forms, including payday loans, credit cards or other forms of consumer debt, and overdraft loans, with excessively high interest rates. Often, lenders require borrowers to back these loans with collateral, including cars and homes; that way, when a borrower defaults on the loan, the lender can repossess or foreclose and selling the repossessed or foreclosed property for a profit. Various state and federal laws prohibit companies from engaging in these types of illegal activities. Predatory lenders generally try to target their conduct against the less-uneducated, as well as the elderly and racial minorities.
At Pogust Braslow & Millrood, we accept individual and class action lawsuits involving these illegal and unconscionable practices. We believe that when the rights of a group of people have been violated by this type of greedy conduct, individuals should be compensated; we also will also seek to require stop these companies from engaging in these activities. The advantage of a class action is that a group of people with similar claims can present their cases at one time, rather than having to file numerous individual lawsuits.
When clients consult with Pogust Braslow & Millrood, they know that we regularly handle consumer class action and individual lawsuits. They also know that class action lawsuits are highly complicated, and require special skill and expertise in order to obtain the best results possible because defendants fight these cases very hard. At Pogust Braslow & Millrood, protecting our clients is our primary goal, and we fight harder than the defendants to assure that our clients are treated fairly and are compensated for whatever injuries and damages the defendants' conduct has caused.
We thoroughly investigate every case so our clients are assured that we will hold the responsible party accountable for its actions. If you have been a victim of predatory, discriminatory or illegal lending, you should immediately contact the attorneys at Pogust Braslow & Millrood, where Protecting Consumers Is Our Primary Goal. Just fill out this form, click here to send us an email or call us at (610) 941-4204. Take the first step toward protecting yourself and the ones you love by contacting us immediately.
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