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Protect Your Credit Transactions

The Truth in Lending Act (TILA) protects consumers by requiring creditors to disclose certain information about finance charges, annual percentage rates, payment amount, and fees that may be charged to the consumer.

What Kind Of Businesses Are Regulated?

TILA regulates most creditors. Common examples of creditors regulated by this law include banks, credit unions, finance companies offering car loans, credit card companies, and home mortgage lenders.

When Does The Law Apply?

When these companies make a loan, it is likely that they are regulated by TILA. TILA covers most types of credit transactions including car purchases and leases, home mortgages and refinancing, personal loans and lines of credit, credit cards, private student loans and payday loans.

For Example:

If a creditor extends a loan to a consumer who is buying a new car, it is required to properly disclose, among other things, the APR (annual percentage rate) and finance charge of the loan. This allows the consumer to better understand the terms of the loan and make an informed decision when comparing it to other loans. These requirements apply to other common loans such as personal loans, home loans, etc…

Violations of TILA may entitle you to cash compensation and/or offsets (reductions) of your loan balance.

Learn whether your TILA rights have been violated by calling 888-595-9111 for a FREE TILA consultation and case review or contact us here using our quick contact form.

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  1. gregson t. haan violated the fair debt and collections act. ga bar 316070
    i was the victim of credit card theft in 1996 , sears issued a new card and and informed me i was not responsible for that debt .in 2007 this came up again our attorney sent letters stating that fact and additionally it was past statue of limitations . my attorney was never notified about anything . court date ect.

    had my wages garnished with out notice , ( before or after )
    refused to answer requests for additional information ( certified mail , fax and regular mail,)
    refused to return calls
    no lawyer at their firm reviewed my file ( Violation of act ) confirmed by their original corrospondence . help please they are taking $600 a week from my check on a debt i don’t owe. no consumer agenciess say that this is under their control

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