Consumer Law

    • Beware of Predatory Lending While Shopping for the Holidays

      The biggest shopping weekend of the year is fast approaching! Black Friday will kick things off on November 24th before we move onto Small Business Saturday and Cyber Monday. Many people across the nation will be out shopping for holiday gifts, and the urge to spend is stronger at this time of year than in any other season.

      Nick Gajewski/ Bond and Botes- 16 readers -
    • Warning Signs Continue for Subprime Auto Loan Crisis

      Back in April of this year, I wrote about the rising number of delinquency and default rates in the subprime auto loan market. Since then, the warning signs are still flashing. According to data recently released by the New York Federal Reserve, 6.3 million Americans are late on their auto loan payments by 90 days or more.

      Bond and Botes- 14 readers -
  • What You Should Do If You Become a Victim of Identity Theft

    … Recently, a family member of mine started receiving calls from various financial institutions to verify his information from his recent credit applications. He never applied for credit from any of these financial institutions. Someone had stolen his identity and was applying for various credit cards and loans in his name. Oddly enough…

    Mary Pool/ Bond and Botes- 13 readers -
  • Freedom Debt Relief Accused of Deceiving Customers

    … a free consultation. We are knowledgeable, local attorneys who go over all of your options. We also help to settle your debts, budget and file for bankruptcy. Our attorneys have helped many consumers in Alabama, Tennessee and Mississippi over the last 25 years. The post Freedom Debt Relief Accused of Deceiving Customers appeared first on Bond & Botes. …

    Cynthia Lawson/ Bond and Botes- 11 readers -
  • Don’t Be A Victim Of Unlawful Debt Collectors

    … is a federal law known as the Fair Debt Collection Practices Act (the “FDCPA”). This federal law is aimed at regulating the debt collection industry and contains requirements and limitations upon the actions that can be taken to collect a consumer debt. Note that I said “consumer” debt. Consumer debt is debt incurred for personal or household purposes…

    Ed Woods/ Bond and Botes- 11 readers -
  • Mark Your Calendars Payday Lenders: New Rules Expected to Take Effect in 2019 (Maybe)

    … to cliche, we will wait and see who wins the day: large companies or the consumer. If you’ve run into a problem with a payday lender, your best bet would be to contact an experienced bankruptcy attorney to discuss your options. The attorneys at Bond & Botes, P.C. have years of experience dealing with a wide variety of loans and debt. Contact one…

    Bond and Botes- 12 readers -
  • Criminal Convictions In Payday Lending Scheme

    … A federal jury in Manhattan found Kansas City businessman Scott Tucker guilty on all counts in a racketeering case. Tucker owned a $2 billion payday-lending business, which prosecutors had argued was built on illegal partnerships and predatory loans. Guilty Verdict’s for Tucker and Muir According to an article on Bloomberg the jury also convicted…

    Cynthia Lawson/ Bond and Botes- 11 readers -
  • Fending Off Those Annoying Robo-Calls

    … Not Call list and complain to the FTC. If you have an iPhone, the app Nomorobo is available for $1.99 per month. The Android app is supposed to be coming soon. You can even protect your landline with something called Digitone Call Blocker. Another strategy to consider is legal action. A federal law known as the Telephone Consumer Protection Act may…

    Ed Woods/ Bond and Botes- 8 readers -
  • Nigerian Scams Strike Again

    … Over the years, I have talked with several people who were apparent victims of a criminal scheme to get money through deceptive means. I have heard stories of online romance that turned out to be completely false and a ploy to bilk a lonely person with access to money and/or assets. Some individuals cashed out all of their savings…

    Bond and Botes- 12 readers -
  • Bankruptcy “Reform” a Dozen Years Later

    … Today marks the 12th anniversary of the implementation of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA). The BAPCPA, bought and paid for by the banks and credit card companies, represented the biggest overhaul of the bankruptcy system in our country in almost 30 years. At the time the legislation was passed, I…

    Bradford Botes/ Bond and Botes- 17 readers -
  • Beware of the Newest Ransomware Scam Containing Emblems of Both the FBI and IRS

    … regulation that took effect on June 21, 2017 is cited to fake legitimacy. The questionnaire link (Noted below as “here” in blue ink) downloads ransomware onto unsuspecting consumers’ computers and prevents them from accessing stored data on the device until they pay the money demanded by the scammers. Below is a copy of the email: Ransomware…

    Bond and Botes- 14 readers -
  • Five Steps to Protect Yourself from Identity Theft

    … Numbers have certainly increased during the last five years when it comes to identity theft. With the recent Equifax breach and the fallout therefrom, it is more important now than ever to be vigilant about protecting your identity and minimize the risks that you will be one of the ones injured by security breaches and the like. Below are a few…

    Bond and Botes- 14 readers -
  • Solar Eclipse Facts and Precautions

    … According to NASA, a total coast-to-coast eclipse of the sun hasn’t been seen in the U.S. in 99 years, so the Aug. 21 event will be a can’t-miss for many of us. A total solar eclipse is caused by a unique set of circumstances. Oddly enough, the sun is 400 times larger than the moon — but it’s also 400 times farther away. So when the moon’s orbit…

    Cynthia Lawson/ Bond and Botes- 13 readers -
  • Mississippi Payday Lender All American Check Cashing Shut Down

    … Last week, the Jackson Free Press in Jackson, Mississippi reported that Mississippi payday lender, All American Check Cashing, Inc., is in trouble again. This time, it’s with the Consumer Financial Protection Bureau (CFPB). The CFPB alleges that All American has engaged in a range of improper practices including hiding check cashing fee schedules…

    Ed Woods/ Bond and Botes- 12 readers -
  • Need Some Extra Cash? Want to Work From Home?

    …, it may be wise to investigate with whom you want to associate. There are many articles out there about the good and bad of MLMs. Our law firm offers free, no obligation consultations. If you are in a financial crisis, contact us today to help. The post Need Some Extra Cash? Want to Work From Home? appeared first on Bond & Botes. …

    Bond and Botes- 13 readers -
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