Consumer Protection

Military Debt Scams

Issue: Fraud against military personnel

Servicemember Consumer Protection: Predatory Lending, Military Debt Scams, and Other Consumer Fraud Against Military Personnel

Lieff Cabraser assists consumers nationwide in bringing lawsuits to halt deceptive and unfair business practices, and to obtain compensation for their losses.

Sadly, some unscrupulous companies target members of the Amy, Navy, Air Force and other branches of the U.S. armed forces using advertising and sales pitches designed, among other frauds, to convince service men and women to purchase worthless services and products or take debt at outrageous interest rates. These scams place substantial financial strain on servicemembers and their families.

Predatory lending — often loans with interest rates from 200 to 500 percent — are common scams aimed at military members. Other types of financial fraud include:

  • Identity theft,
  • Debt collection abuse and harassment,
  • Auto fraud and deceptive auto financing practices,
  • Abusive payday lending,
  • Predatory mortgage lending, loan modification scams, and wrongful foreclosure,
  • Denial of credit availability or receiving a higher interest rate because of discrimination,
  • Predatory student loans and military sham schools, and
  • Military medication loan scams.

Report A Scam – Contact Lieff Cabraser

We have successfully prosecuted scores of consumer protection class action lawsuits against many of the nation’s largest banks, financial service companies, and corporations.

If you or a family member have lost money due to a scam or fraud, please use the form below to contact a military servicemember consumer protection attorney at Lieff Cabraser. We will review your complaint for free and without any obligation on your part.

We will review your claim without fee or obligation, and Lieff Cabraser agrees to protect your name and all confidential information you submit against disclosure, publication or unauthorized use to the full extent under the law.Please note: Completion of this form cannot contractually obligate plaintiffs’ attorneys to represent you. We can only serve as your attorney if you and we both agree, in writing, that we will serve as your counsel.

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Consumer Rights Summary

State and federal laws provide military personnel and other consumers with broad protection from scams and unfair and illegal business practices:

  • The Truth in Lending Act (TILA), regulates the credit industry, including credit cards, mortgage lending, and auto financing.
  • The Fair Credit Reporting Act (FCRA) sets rules for credit reporting agencies and the use of credit reports.
  • The Fair Debt Collection Practices Act (FDCPA) protects consumers against abusive collection practices and gives consumers a means to dispute inaccurate debt information.
  • The Magnuson-Moss Act of 1973 deals with standards for product warranties, both implied and express.