Category Archives: Consumer Protection

If an NJ business or large corporation has taken advantage of you as a consumer, you should contact a qualified consumer protection attorney to help you make the business pay for its actions.

Seven Mistakes That Can Hurt Your Credit Ratings

Your credit scores are created by using the information that is contained on your three credit reports, which are compiled by Equifax, Transunion and Experian. There are also different types of credit scoring models that are used by various lenders. For example, there are various types of FICO scoring models. VantageScore is also becoming more popular with lenders. Despite the diversity of scoring systems, there are still common factors that can hurt or improve your scores. Making late payments. Creditors could report you to the three credit bureaus if you do not make timely payments on your debt obligations. This may occur after 30, 60, 90 or 120 days. Depending on the creditor, you may not be reported for six or more months. Late payments can seriously harm your credit scores. Overextending your credit. Your credit scores can also be hurt if take out too many lines of credit, especially…
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What Debt Collectors Can and Cannot Do While Collecting Debts

Debtors in the US have certain rights that must be respected by debt collectors. Several years ago, The New York Times wrote an interesting piece on how debt collectors resorted to mob tactics to intimidate debtors. The article described instances of physical violence and destruction of property. Fortunately, debt collectors are not allowed to resort to these tactics in the US. The Fair Debt Collection Practices Act (FDCPA) offers you certain protections if you have consumer debts. Under this law, third-party debt collection agencies are forbidden from the following: Making threats of physical violence or harm Using obscene or profane language Misrepresenting themselves or the debts owed Threatening to have you arrested Making repeated phone calls with the intent to annoy or harass Giving false information about you to other parties Coming to your workplace to collect payments Pursuing you for debts you do not owe We have only listed…
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What Are Common Tax Season Scams?

The IRS has issued a warning on identity theft several weeks before tax season is set to begin. According to the IRS, they have received an increase in reports of identity thieves attempting to access the W-2s of employees at small businesses. W-2 forms contain extensive personal information. This is only one type of scam that could cost you dearly during tax season. Identity thieves may use the following scams to steal your information or take your hard-earned money. Phishing emails: These are emails that attempt to trick you into giving personal information or clicking on links. Phishing emails can be designed to look like they are coming from the IRS or your employer. Some phishing emails may contain links or attachments that download malware onto your computer. Malware could log keystrokes, take control of your PC or view what is on your screen. Soliciting payments: Another common scam involves…
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