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Our
law practice is not limited to bankruptcy. We also represent consumers
in other types of financial matters - usually when a lender has
engaged in "predatory lending" or unfair practices. As an example,
mortgage companies often do not answer questions asked by their
customers. Did you know that federal law requires a mortgage servicer
to acknowledge your letter within twenty days and provide an answer to
your inquiry within sixty days? This law is known as Real Estate
Settlement Procedures Act (RESPA). It also tells the loan servicers
how they must handle your escrow funds
Federal law also
requires creditors to tell their customers how much a loan costs.
These disclosures are required by the Federal Truth in Lending Act.
They must tell you - before you sign the loan documents - how much
interest and other costs you will pay for the loan. So - if a car
dealer says, "Go Ahead - drive the car home tonight - we'll work out
the details later," that's WRONG!!! They hope you fall in love with
the car and don't mind when they tell you, "Oh, by the way, we
couldn't get exactly the financing you wanted but another lender will
do the deal (usually at a much higher rate of interest - resulting in
a higher monthly payment). This is called, "yo-yo delivery."
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We are always
looking for other areas of law where consumers need help.
Inaccurate and false credit reporting are a tremendous source of
problems for consumers. There are certain remedies available when
this happens to you. Under the Fair Credit Reporting Act, you have
some rights!! If you have encountered these types of problems, let
us hear from you.
We welcome
questions, comments and suggestions to make this site a valuable
resource for your financial decisions. If you need more
information about bankruptcy or other areas of concern, please
call and set an appointment. We offer a free consultation and look
forward to meeting you.
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Mickler & Mickler
Call Today (904) 725-0822 |
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