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

If you are the victim of predatory lending in South Carolina, there are a few steps you can take to protect yourself. First, you should contact your lender or bank and explain the situation. Be sure to provide them with as much information as possible, such as account and loan numbers. You can also request a copy of the loan agreement for review and provide any evidence that the loan was structured in an unfair or deceptive manner. It is also important to reach out to local, state and federal consumer protection departments. These departments may be able to provide assistance with filing a complaint and getting any money lost due to predatory lending returned. You should also consider filing a lawsuit against the lender or bank. If successful, this could result in the lender being ordered to refund your money or change the terms of the loan. It is important to seek legal advice before proceeding with this option, as the process can be complicated. Finally, you can file a complaint with the Consumer Financial Protection Bureau. The CFPB works to protect consumers from unfair or deceptive practices, and can assist in filing a complaint with the lender. Taking these steps can help protect you from predatory lending in South Carolina. It is important to stay informed and proactive about your rights, and to reach out to the appropriate organizations and departments if you believe you have been a victim of predatory lending.

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

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