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• "I sent this letter certified after receiving the free guide [from] Phillips & Garcia P.C. Saved Foreclosure. Thanks a million!" A.D. from Colorado
• After seeing first hand what you are up against concerning the big banking companies, we are even more amazed that you are willing to fight the fight. The little guy needs your help and your fearless attitude. You are good people and true Americans. We are honored to be called your friends. R.R. - Mich., Lockout & Trashout Victim
• The attorneys were very professional and I felt as though they always had my best interest in mind. Without them I would have been pushed around and just another number to the bank. N.L., Wrongful Lockout Victim
• Thank you Mr. Phillips. If we hadn't found you the [Bank] would have foreclosed on our property and I can't imagine the misery that they would have caused. S.N. - Arizona

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What can I do if I have been the victim of predatory lending?

A:

There are a number of ways in which you can fall victim to predatory lending. As a consumer or homeowner, you need to beware of a lender or creditor's unethical lending practices. For instance, a lender may try to trick you into taking a loan that you don't need, or have you agree to unfair terms, such as unreasonable interest rates.

If you have been a victim of predatory lending there are a number of steps you can take, particularly if you are now at risk of losing your home and destroying your credit because of the predatory lending practices.

What can I do if I've been the victim of predatory lending?

The Truth in Lending Act, or TILA, was established in order to protect individuals against predatory lending. TILA states that the terms of a credit arrangement must be supplied in a clear and obvious manner, so that there are no tricks or hidden fees associated with your agreement. Therefore, if you have been a victim of predatory lending, the law is on your side.

If you have been a victim of predatory lending you should speak to an attorney that has experience investigating consumer complaints, particularly in relation to banks, creditors and other financial intuitions. This is particularly important if the unethical lending practices have exposed you to the risks of foreclosure.

An attorney can investigate your case, advise you on your options, and help you to file a claim. You may choose to file an individual lawsuit against your predatory lender, with which you can recover up to $1,000. Additionally, a Massachusetts foreclosure attorney may be able to use a bank or creditor's predatory lending practices as evidence in a foreclosure case in the effort to help you prevent foreclosure.

To know more about your rights under TILA, contact a Massachusetts foreclosure attorney who has dealt with predatory lending.

Contacting a Massachusetts Foreclosure Attorney

If you are considering filing for a predatory lending case but aren't sure how to proceed, contact the Massachusetts foreclosure attorneys at Phillips & Garcia to schedule your FREE legal consultation today - 1-877-892-5620.

Legal Help for Wrongful Foreclosure and Seizure in Any State.  Phillips & Garcia, P.C., a leading law firm in wrongful foreclosure and seizure cases, is now taking cases in any state where there has been a wrongful foreclosure, lock-out and trash-out of a borrower's home.  We are licensed in Massachusetts and associate with a qualified attorney in your state. 

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