Lenders and Hidden Fees
Many people need loans from time to time. These loans can help people make major purchases like automobiles, finance investments like homes, or keep individuals afloat when they are facing tough financial times. Usually, lenders will set the terms of a loan, and the borrower will agree to the terms.
Unfortunately, some lenders may include hidden fees in their loans. If you are part of a group that has been charged hidden fees on a loan, contact the class action lawsuit lawyers of Feazell & Tighe, LLP, today at 877-508-0588.
Common Hidden Fees
Lenders may employ any number of hidden fees to make extra money off their borrowers. Though borrowers can help prevent fraud by carefully reading contracts, some lending institutions may still deceive even the most careful of borrowers.
Some of the common hidden fees lenders may employ are:
- Usage fees
- Excessive overdraft fees
- Fees for falling under a minimum balance
- Balance-transfer fees
These fees may cost borrowers hundreds or even thousands of dollars on top of the money they must repay and interest on that money. Individuals who have been the victim of hidden lender fees should contact a class action lawsuit lawyer to learn more about holding lenders accountable for fraud.
Contact Us
Lenders should not defraud and take advantage of individuals who are in serious financial need. If you are part of a group that has been charged hidden fees on your loans, contact the class action lawsuit attorneys of Feazell & Tighe, LLP, at 877-508-0588 today.
