06/07/2024
TODAY -- In Zuzolo Law Office "Q's & A's"
Are you a Victim of Identity Theft? YOU ARE NOT LIABLE! “Victims of Identity Theft are WRONGFULLY treated as guilty until proven innocent” ... If this is YOU, not only do you NOT owe money, but you may ALSO be entitled to COMPENSATION.
What should you do if you’re a victim of Identity Theft??? Act NOW!
Q. Why do I need a Consumer Law Attorney? A. To prevent further damage to your finances, credit and life. Consumer Law attorneys are experts in several federal/state laws that provide reimbursement of attorney fees so victims can obtain representation.
Q. What if I have zero money left and can’t afford an attorney?
A. Consumer Law Attorneys will work with a client’s individual circumstances. In most cases, a contingency fee is charged only after client receives retribution.
Q. Why do I need to Act NOW?
A. To preserve ALL protections and claims under the Fair Credit Billing Act, you must notify issuer by phone and send a letter (certified mail with return receipt) to the issuer within 60 days.
Q. What if I missed the 60 day deadline? A. All is not lost! A Consumer Attorney will guide you through necessary steps, and bring federal claims against the issuer. A Consumer Attorney will also get you relief through the Fair Credit Reporting Act, the Debt Adjuster Act, and/or other federal and state laws.
Q. What do I do first?
A. Contact your credit card/account issuer via phone and certified letter (with return receipt). You MUST submit a written dispute to the specified address for inquiries or disputes (located on the back of your billing statement).
Q. Must I file a police report? A. YES! Filing a police report mandates credit bureaus to block collection reporting information within 5 days of receiving police report.
Q. What else do I need to know? A. Legal guidance is a MUST in the usage of the Debt Adjuster Act—prevents consumers from getting charged multiple times (a debtor law violation). State law requires debtor company violations to pay 3 times the amount of money lost as well as reimbursement for attorney fees. In addition, many cases validate receiving punitive damages.
--- Beware of the Biggest Myth---
Consumers believe that companies will help them avoid bankruptcy, but that’s exactly where they end up after paying thousands in fees in violation of Ohio law. Some companies offer to settle out credit card debt for pennies on the dollar and offer reduced monthly payments.
In THEORY, this sounds great. In reality, the company takes a fee from your monthly payments and consumers end up worse off than when they started because most of the money they send in is going toward the company’s fees and administrative fees.
In REALITY, the company takes a fee from your monthly payments and consumers end up worse off than when they started because most of the money they send in is going toward the company’s fees and administrative fees.
In TRUTH, Under Ohio law, companies may not charge more than 8.5% of the monthly payment fees or a minimum of $30.00 a month. In addition, initial consult fees many not exceed $75.00 and the plan’s annual fee may not exceed $100.00.
