This news story indicates that repossessions and charge offs are way up:
New Jersey Lemon Law Lawyer Blog
REPOSSESSIONS AND CONSUMER FRAUD
There are very high-tech methods to grab your car. Check out this video. They will find your car!! https://www.youtube.com/watch?v=uL5_-Qtlx2M More repo man:
CONSUMER FRAUD CLAIMS AND MOVING COMPANIES
It is not uncommon that people make claims that a moving company has committed fraud or consumer fraud. These claims are usually in the context of improper or inaccurate estimates, improper or inappropriate moving practices, and improper or inappropriate billing practices. As an example, one person might claim that they…
NEW JERSEY REPOSSESSION LAWYER
REPOSSESSION, CAUSES OF ACTION Under New Jersey law, a company who is repossessing a consumer vehicle has an obligation to comply with all applicable laws. This means that if a repossession company breaches the peace in the context of repossession, the individual who has been aggrieved by this act would…
DECEPTION AND THE CONSUMER FRAUD ACT – PART II
Thus, if a seller of an automobile says that the vehicle has not been in an accident, when in fact it has been in an accident, that is an affirmative misrepresentation of fact which is false and inherently has the capacity to mislead a potential purchaser of the vehicle. This…
DECEPTION AND THE NEW JERSEY CONSUMER FRAUD ACT – PART 1
DECEPTION AND THE NEW JERSEY CONSUMER FRAUD ACT The New Jersey Courts have determined and held that the defendant’s acts of good faith are not necessarily a defense to a consumer fraud action. The Courts have held, as set forth in the Model Jury Civil Charges, that it is the…
CONSUMER ARBITRATION AND MAJOR CREDIT CARDS
Recently Bank of America and Chase have decided to change their ways. Both of these major credit card issuers have chosen to drop arbitration clauses from their card holder agreements. There is no coincidence that there have been many recent filings of lawsuits against National Arbitration Forum with regard to…
Buying a car and consumer fraud, part 2
Many processes are used, such as keeping people at the dealership for a long period of time, separating couples, confusing customers with various documentation and keeping them in the air. There are many, many dealership terms that characterized the types of process that are undertaken. If one were to think…
Buying a Car and Consumer Fraud, part 1
Buying a Car and Consumer Fraud Many consumers confide that buying a vehicle is one of the worst experiences of their life. Frequently, they come into my office and they are embarrassed and ashamed of the situation in which they have found themselves. When one understands how a car dealership…
NEW JERSEY DIVISION OF BANKING AND INSURANCE
The New Jersey Department of Banking and Insurance is an excellent resource for most consumers. The department’s main offices are located at Mary Roebling Building at 20 West State Street in Trenton, New Jersey. The mission of the Department of Banking and Insurance is regulation of banking and insurance in…