Loans & Financing

Often, consumers buy goods or services they cannot afford. They finance the purchase with a loan or other payment arrangement made with the seller. For instance, you may need to borrow money to buy a home, a car, or for college tuition for yourself or your children. You may need to manage your day to day expenses until your regular pay day.

There are federal and state laws to protect consumers who borrow money.  Loan contracts are often full of hidden fees and terms that benefit the lender more than you. You may end up paying much more for the product or service than it is actually worth. If you are not careful, you could have a lifetime of debt and ruined credit.

Before entering into any of these transactions, make sure you understand your rights. Know what to do if a dispute arises. Understand which government agencies can help resolve disputes with the lender.

Legal  Editors:  Mark  Grossman,  Esq.  and  Edward E. Klein,  Esq.,  May  2018