Fort Lauderdale Bankruptcy Attorney

Legal Representation for Payday Loan Problems

Payday loans present large problems to individuals every year. Hardworking individuals that are in desperate need of cash often resort to these enterprises as they have no other option to survive and pay for the necessities of life. Borrowers often sign over their upcoming paychecks to cover the cost of both the loan and the interest. On occasion, borrowers pay checks do not cover the complete cost of the loan and the interest. Legal action is often taken on those who default on their loans. Loan centers will attempt to regain the loan they lost or the interest they are due. A Fort Lauderdale bankruptcy attorney can provide you with legal representation to take action against a payday loan firm that has overcharged you interest without prior notice or engaged in creditor harassment.

Are you in trouble with payday loans?

Our law firm, The Law Offices of Brown, Van Horn P.A. can help you resolve legal issues when you are being hounded regarding a payday loan. We understand the need for immediate cash, especially if the money is going directly to necessary bills and expenses. The annual percentage rates or APR on payday loans can be outrageous and our legal team can help you fight back. Under the federal Truth in Lending Act, any lender is required to fully disclose the actual costs of a payday loan. This must occur prior to accepting the loan. If a payday loan company raised your interest rates without disclosing that they would take this action, you could have a legal claim against them, and they may be required to pay you damages.

Our legal team has great experience in the Florida legal system and we know exactly what to look for in payday loan cases. The first step is a full evaluation of any documents you signed with the company. We can determine if they failed to supply you with the full disclosure regarding your interest rate, ability to raise it or other legal requirement under federal and state law. Interest rates on payday loans are exceptionally high and a small loan can quickly grow into an unmanageable amount that you could have almost no hope of paying off. Rather than being "held hostage" by punishing interest rates and suffering the humiliation of endless creditor calls, contact our firm and we can review your case and determine how to resolve the problem.

If you have been notified of legal action because of a payday loan, you should contact a Fort Lauderdale bankruptcy attorney for professional legal representation.