Serving Minneapolis, St. Paul, Bloomington, Edina, St. Louis Park, and Roseville and all of Minnesota
Consumers who find that they are the victim of business practices of a creditor may get legal help from a Neff Law Firm, P.A., Minneapolis bankruptcy attorney at its greater Minneapolis office in Edina or a St. Paul bankruptcy attorney at its greater St. Paul office in Roseville. These experienced Minnesota lawyers have helped many consumers who have been the victims of financial traps.
The Minnesota bankruptcy attorneys at Neff Law Firm, P.A., understand that a common cause of money problems that leads to or contributes to bankruptcy is being caught in a financial trap. There are many different financial traps for the unwary. The skilled Minnesota debt relief lawyers at Neff Law Firm, P.A., have experience helping consumers cope or workout difficulties caused by financial traps. These competent and compassionate Minnesota attorneys have helped many people through either civil litigation against defrauding entities or where appropriate a bankruptcy. Below are some common examples of financial traps
Financing Health Care
Health care financing including doctor, hospital, dentist, and chiropractor can be the cause of financial difficulties. Be very cautious when asked to enter into any contract to make long term payments related to health care. Some types of health care plans offered by health care providers can be very difficult to work with over the long term. Sometimes health care providers misleadingly may offer payment plans to make elective and even non-elective procedures supposedly "more affordable." The plan must be carefully reviewed and considered, especially when what is being presented is financing the medical care on a credit card type of account. The reality may be far different from the expectation, because a person may be filling out paperwork that they believe will give them the right to pay their health care provider over a prolonged time period, when what is signed is an obligation to pay on a high interest credit account. This allows the health care provider to receive a payment up front and the consumer is left owing money to be paid at a high interest rate to a credit card company.Mortgage Restructuring / Mortgage Modification
Beware of firms that charge up-front fees to assist you to modify and/or restructure your mortgage obligations. This area is a fertile field for scams. The firms allege that they will negotiate with your mortgage company to change the terms and conditions of your mortgage. This negotiation may supposedly be to reduce the interest rate, change the period of time you have to payback the loan, to "lower" your monthly payment, tack missed payments on to the end of your loan, and otherwise make your mortgage easier for you to pay.
High Fee Debt Settlement Scams
There are firms or individuals who may try to take advantage of people who are in debt. Beware of entities who offer to reduce debt. These firms tend not to desire to work with people who have less than $10,000 in debt. They generally charge a percentage of the total debt to be settled for the alleged services to be rendered. In addition they tend to charge a monthly service fee to handle your case. This type of entity may try to charge a substantial contingency fee of the amount allegedly saved.
The Credit Care for Anyone
Beware of credit cards offered to people with poor or no credit. This type of card may carry annual fees, processing fees, monthly account maintenance fees, on-line payment fees, fees to increase your credit line, fees for lost, stolen and/or replacement cards, over limit fees, and usually carry very high interest rates.
Rent-To-Own
Watch out for firms that claim to let you rent, which will later lead to ownership. This type of firm may offer property such as furniture and/or computers at supposedly "low weekly rates," that over time make you far overpay for any later ownership of the property. By the time you actually "own" the property you may have paid geometrically more than the property would have cost if you had paid for it at time of purchase.
Uninsured Savings Accounts in Off-Shore and / or Foreign Banks
Be careful in dealing with financial entities claiming to be banks that try to lure you to deal with it by the promise of interest rates in excess of the rates available at local banking institutions. These financial entities claiming to be banks may not have any office in the United States. As a bank that is located outside of the US they are not subject to US banking regulations and deposits are not protected by the Federal Deposit Insurance Corporation (FDIC), which means that if the bank folds or they simply won't pay you your money, you may not have protection.
Disreputable Mortgage Brokers
In attempting to secure a mortgage a person must be careful to investigate available options and any entity promising to help in such an endeavor. Consumers should be careful in dealing with individuals or entities that promise great results in securing you a mortgage. Certain unscrupulous mortgage brokers may try to conceal from you if they are paid on commission, so the bigger the mortgage they can sell you, the more that they can get paid. This type of unscrupulous mortgage broker may not have your best interests in mind when selling you a mortgage. A person dealing with this type of mortgage broker may get stuck with mortgages they cannot afford and/or are inappropriate for their circumstances and situation.
Fraudulent Insurance Policies
Consumers wishing to buy investments must be very careful before signing an insurance agreement that promises to also serve as an investment. There are some entities that may misrepresent the nature and the outcome of the purchase of an insurance policy. Fraudulent approaches may include the use of deceptive sales practices known as twisting and churning. These illegal schemes are meant to cheat consumers out of money. The selling agent may utilize improper, misleading, deceptive or dishonest sales pitches to get a consumer to buy.
Misleading Information on Investments
Beware of information and valuations represented to you on investments. Sometimes an entity may set about a well-planned, deliberate and intentional campaign to increase profits by defrauding and cheating consumers. One such fraudulent approach may involve the entity claiming revenue on sales that it knows were not really sales but instead the accumulation of inventory. This involves claims of inventory events as sales so that consumers may be mislead into believing that a company was earning an illusory amount of revenue. Before purchasing any investment, be very careful to thoroughly investigate it.
Fred Neff Minneapolis Lawyer
Minneapolis / St. Paul lawyer Fred Neff has had extensive experience helping people who are the victims of being caught in financial traps. He has pursued fraud claims against many different entities on behalf of his clients. Fred Neff has served on the board of a prominent insurance company. He has handled many different types of fraud cases ranging from ordinary to extremely complex litigation. Some of the large complex legal matters involving fraud that he has handled include Qui-Tam, federal multi-district litigation involving deceptive sales practices, fraudulent insurance sales, misleading information on investments, real estate and anti-trust.
Neff Law Firm Helps Victims of Financial Traps
The skilled Minnesota attorneys at Neff Law firm, P.A. have helped many people who have been caught in financial traps through civil litigation against the victimizers or a bankruptcy as was appropriate under the circumstances. The firm has competent civil litigators who know how to handle fraud cases and experienced bankruptcy lawyers who know how to help a person get debt relief.
Twin Cities Office Locations
Consumers who are the victims of being caught in a financial trap and in need of legal help/or assistance in achieving of debt relief may set up an in-person confidential conference with a St. Paul attorney at the Roseville office or a Minneapolis attorney at the Edina office of Neff Law Firm, P.A., who can help evaluate the situation to assess available options for relief. For a lawyer consultation at either the Minneapolis area office (Edina) or in the St. Paul area office (Roseville), please call Neff Law Firm, P.A.'s, scheduling telephone number of (952) 831-6555.
Minnesota Bankruptcy Debtor Relief Attorney
A Minnesota bankruptcy attorney at Neff Law Firm, P.A., can help a debtor who is experiencing serious financial problems because of being caught by a financial trap. These twin cities bankruptcy attorneys have over fifty nine years of combined legal experience helping debtors who face serious debt problems.
Legal Help with Debt Problems
A St. Paul bankruptcy attorney from the Neff Law Firm, P.A.'s, Roseville office in Ramsey County, or a Minneapolis bankruptcy attorney from the Edina office in Hennepin County can meet in person with a debtor and go over all pertinent financial matters to help evaluate his or her potential for relief from the burden of serious debt. These Twin Cities bankruptcy attorneys have decades of experience assisting debtors that are in the process of considering declaring bankruptcy.
Minneapolis Bankruptcy Attorney or St. Paul Bankruptcy Attorney
Consumers can meet with either a Minneapolis bankruptcy attorney at the firm's Edina office or a St. Paul bankruptcy attorney at the firm's Roseville office. These Twin Cities law offices are available to consumers throughout Minnesota including people living in Minneapolis, St. Paul, Edina, Roseville, Bloomington, Golden Valley, St. Louis Park, Robbinsdale, Brooklyn Center, Anoka, Columbia Heights, Oakdale, Eagan, Mendota Heights, Eden Prairie, Deep Haven, Minnetonka, Wayzata, Mound, Hopkins, Chaska, New Brighton, Chanhassen, Excelsior, Orono, Shakopee, Richfield, Brooklyn Park, Plymouth, St. Anthony and Maple Grove.
For an appointment to meet a twin cities bankruptcy attorney in the greater Minneapolis office in Edina, Minnesota or in the greater St. Paul office in Roseville, Minnesota please call Neff Law Firm, P.A.'s, central scheduling telephone number of (952) 831-6555.
