Christian Debt Solutions

Avoid Being The Next Fraud Victim

If you’ve gotten into debt issues because of fraudulent credit activity and you’re looking for Christian debt solutions to fix it, the good news is you won’t owe it.  State and Federal legislation have been enacted to punish businesses that defraud or mislead consumers.  Laws aimed at protecting consumers have been designated as unfair and deceptive acts and practices (UDAP) laws.  Most privately run businesses are subjected to these regulations.

In order to fully protect the consumer, additional laws have been passed directed particularly to special types of businesses and services such as health clubs and warranty services.  If you run into a problem where you can’t locate a specific law that addresses your particular issue, try researching the UDAP laws for help.  The UDAP regulations outlaw the deceptive practice of unfair terms in financial contracts, oral and written claims meant to intentionally defraud the general public and incorrect statements about the final condition of a product when a flaw still exists.

Sometimes a business can be so polished in the art of deception; you may not discover it until it’s too late.  It’s important to be aware of these red flags when undergoing a transaction:

1)  You’re up trying to read a document in the presence of an agent and he or she keeps pressuring you to sign everywhere without adequate time to go over the contract at your own pace.

2)  A representative who touts the advantages of the low initial payments or interest rate, but covers up the total amount you’ll spend or what conditions trigger a jump in monthly payment or interest rate.

3)  The representative assures you how great everything will be but neglects to go over the lawfully required disclosures, dismissing them as insignificant.

4)  The representative offers you an unclear interpretation of the paperwork.

5)  The employees seem focused on engaging you in conversation for hours on end until your resistance wears down.

6)  You can’t seem to get a straight answer from the business concerning your total costs with their financing terms.

7)  The representative tries to befriend you and wants you to believe they are sympathetic to your circumstances or an expert in the field.

8)  They prey on vulnerable or weak consumers such as little children, consumers where English isn’t their native language, individuals with limited education, mentally and physically handicapped individuals, and helpless seniors.  The biggest red flag that should alert you to a fraudulent situation is when everything seems too good to be true.