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

If you are the victim of predatory lending in Delaware, there are several steps you can take. First, you should contact your lender and try to renegotiate the terms of your loan or look for a way to lower the interest rate. It is important to make sure that all changes to your agreement are put in writing and signed by both parties. You should also contact the Delaware Department of Justice which enforces laws prohibiting unfair or deceptive lending practices. They can provide you with information on filing a complaint, and may be able to help you negotiate a better loan agreement with your lender. If your lender is not cooperating with you, you can contact a lawyer who specializes in residential real estate law. A lawyer can help you investigate the predatory lending practices and determine your rights as a consumer. Your lawyer can also help you with filing a claim or lawsuit against your lender. If you are unable to resolve the issue with your lender, you may be eligible for federal or state assistance. The Department of Housing and Urban Development (HUD) offers a Housing Counseling program to help homeowners protect their rights and find solutions to their problems. Finally, if you are a victim of predatory lending, it is important to seek the advice of an attorney as soon as possible. An attorney can help you understand your rights under Delaware law and protect you from any further predatory lending.

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

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