What can I do if I'm the victim of predatory lending?

If you are the victim of predatory lending in Arizona, there are steps you can take to protect yourself and your property. The first thing to do is to in contact the lender right away and explain the situation. You may also want to contact a legal professional to help you understand all of the options you may have. In Arizona, laws are in place to protect individuals from predatory lending practices. For instance, the Homeownership Preservation Program requires lenders to give borrowers more time to decide whether to accept certain loan modification offers. Furthermore, the Arizona Consumer Fraud Act offers protection to consumers who have been taken advantage of through deceptive lending practices. In addition, you may be able to file a complaint with the Arizona Consumer Credit Law Program or the Arizona Department of Housing. These agencies can help investigate the lender and help you potentially get relief from your debts and possibly even damages. Finally, it may be in your best interest to contact a housing counselor who can help you figure out the best course of action for your situation. They can also provide guidance on what steps you should take and advise you of all of the available resources that you may be eligible for.

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What can I do if I'm the victim of predatory lending?

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