What is "consumer fraud"?
There is no pat answer. At a very general, basic level, when a business or individual takes unfair advantage of its customers, there is a potential consumer fraud case. Common examples include, but are not limited to:
| - |
An individual (or company) improperly using funds specially designated for another use; |
| - |
Addresses and phone numbers of anyone else who might have knowledge of any aspects of the MVA |
| - |
Lenders over-charging borrowers |
| - |
Overcharging on force-placed insurance |
| - |
Misinformation provided to credit reporting agencies |
| - |
Vanishing premiums on insurance policies |
| - |
Misrepresentations made to buyers and/or sellers |
| - |
Failure to honor or, in some cases, offer warranties on products sold |
What remedies do I have if a business has taken advantage of me?
Common legal actions in consumer fraud cases are based on laws including, but not limited to, civil racketeering, truth in lending, fair credit reporting, and common-law fraud.
What should I do if I suspect I have been defrauded?
If you suspect this type of wrong perpetrated against you, you should immediately contact the attorneys at Rutledge and Davis. You should also speak with other customers of the same enterprise, and see if the other customers were treated similarly to you. You should also obtain and keep all documents that reflect the transaction(s) in question. Documentation is absolutely critical in a consumer fraud case.
|
