Question:

When do I need a predatory lending attorney?

Answer:

If you have fallen prey to a predatory lending practice, you may be in need of a predatory lending attorney.

Predatory lending is a huge issue in the US. There are lenders who target the elderly, some minorities and people with less income and education. Those people need fair lending practices the most as they are most vulnerable to deception.

Even though borrowers are protected to certain extent with consumer protection and federal laws, such as the Home Ownership and Equity Protection Act (HOEPA), the Real Estate Settlement Procedures Act (RESPA) and the Truth in Lending Act (TILA), certain states have enacted their own laws to combat predatory lending practices.

Some attorneys will specialize in predatory lending litigation. If you suspect you have been forced into a loan you cannot repay; or have been charged excessive fees for no reason, or have been asked to refinance many times and paid prepayment penalties your best chance is to talk to a predatory lending attorney to recover your losses and put an end to unfavorable loan.

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