Predatory Lending and Prepayment Fraud

Predatory lending occurs when lenders create unfair terms in their agreements with borrowers or otherwise attempt to abuse or defraud individuals to make money. Sometimes banks and other financial institutions try to take advantage of their customers simply because they believe that they can get away with it. If you have been affected by predatory lending, you may have the right to pursue compensation for your losses through a class action lawsuit.

To discuss the circumstances of your case with an experienced predatory lending class action attorney, contact the offices of Feazell & Tighe, LLP, today by calling 877-508-0588.

What is Prepayment Fraud?

When a borrower takes out a loan with a bank or other lender, he or she must agree to the terms of the loan. These terms include the interest rate on the loan, frequency of payments, fees for missing a payment, and other details. In some cases, the terms of a loan may actually be abusive or illegal, such as penalizing a borrower with a fine if he or she pays a loan off earlier than what the loan agreement requires. This is known as prepayment fraud.

How We Can Help

If you have been forced to pay a fine because you paid off a loan earlier than scheduled, you may have grounds to file a lawsuit for prepayment fraud. The attorneys of Feazell & Tighe, LLP, have experience helping those who have been wronged by unfair and abusive lending practices and we are prepared to help you recover the compensation that you may be owed.

Contact Us

A class action lawsuit can help to bring predatory lending practices to light so that those responsible are held legally accountable in court. To speak with one of our predatory lending class action lawyers about your legal rights and options, contact the law offices of Feazell & Tighe, LLP, at 877-508-0588.