New Jersey Lemon Law Lawyer Blog

State Sues to Shut Down Credit Repair Business

The Asbury Park Press has reported that a credit reporting company in Howell NJ has been sued by the State. According to the story the name of the company is United Credit Adjusters. It is alleged that they accepted fees and failed to perform the represented services. The complaint also alleges that they were misrepresenting the effects of bankruptcy filings and representing that they could reduce credit card debt almost 50%!

This story must be filed under the heading if it is too good to be true it probably is. There are very fully reviewed din this economy strict Federal regulations and Statutes governing credit repair that should be carefully reviewed.

The most important thing to remember is that no credit repair organization is permitted to charge in advance of services performed.

Section 404

(b) Payment in Advance.--No credit repair organization may charge or receive any money or other valuable consideration for the performance of any service which the credit repair organization has agreed to perform for any consumer before such service is fully performed.

There is also a right to cancel under the Federal Statute.

Continue reading " State Sues to Shut Down Credit Repair Business " »

Car repair scams. Car repair scams are everywhere.

How do you protect yourself from car repair scams. There is no easy answer because unless you a mechanic you are at the mercy of the mechanic. I would say the following are the most common types or areas where car repair scams proliferate.

Padding The Bill. Do we know what was actually completed?

Transmission Shops. What really is the condition of the car

Other charges. What are the minor charges that you do not recognize.

Cost What is the real cost of the repairs

In order to assist you I found a web site that addresses all of these issues ans would recommend a thorough reading.

What is the law on car repair and car repair scams.

Carton and Rudnick family law
Carton and Rudnick consumer law
Carton and Rudnick

Continue reading " Car Repair Scams " »

New Jersey recognizes a claim for predatory lending.

In Associated Home Equity v. Troup 343 N.J.Super. 254, 269 (App.Div 2001) the Appellate Division held that a plaintiff may establish a colorable claim *** by demonstrating that “defendants' lending practices and loan terms were ‘unfair’ and ‘predatory,’ and that the defendants either intentionally targeted on the basis of race, or that there is a disparate impact on the basis of race.

Carton and Rudnick family law
Carton and Rudnick consumer law
Carton and Rudnick