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I recently got scammed at a loan company I was wondering what can I do to get my money I paid them back?

1 Answers. Asked on Apr 05th, 2012 on Consumer Law - Michigan
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Answered on Apr 10th, 2012 at 7:52 AM

Wish you said more about how you were scammed. Usurious interest? Didn't receive loan proceeds? Overcharged fees?  You can try to "do it yourself" by writing to the president clearly stating your concerns and demanding a refund with the threat of going to their regulator or an attorney if they don't pay up.  If that doesn't work, you can go to their regulator and see if that causes them to pay. If that still doesn't work, then it's time to visit a consumer finance attorney representing borrowers in actions of this type. Sadly, many companies do the right thing only when receiving a demand from an attorney.

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Most--but not all--businesses act ethically and honestly. If a company fails to honor a product's warranty, or is violating the Fair Credit Reporting Act and Fair Debt Collection Practices Act, or refuses to replace a defective product under state lemon laws, you may need a strong advocate on your side. An attorney whose practice focuses on consumer law can work tirelessly to see that you are treated fairly and afforded all of the consumer rights and protections afforded to you under state and federal laws.
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