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Welcome to Consumercreditclaims.com where you can get sound information on credit, credit injury, and your rights.

Your credit is the most valuable thing you own. Most consumers know this. Unfortunately every company you deal with knows it too. Banks, credit card companies - and other organizations you may not even think of as lenders - can use the threat of adverse credit reporting against you. Lenders know that most people, when faced with the prospect of damage to their reputation, will pay up – for things they don't want, for things they didn’t ask for, and to settle penalties they didn’t deserve.

This website describes the common consumer credit problems in more detail. It provides a guide to evaluate credit injury and a list of common terms to watch for. It also offers a comprehensive list of frequently asked questions and answers. It offers links to governmental sites for valuable information. And if you would like us to look at your particular problem, it lets you send information about your credit injury to our firm.

Recent News

Congress Investigates Credit Card Industry Practices and their Impact on Consumers

Under the Republican led Congress of recent years, the credit card industry had a free pass to prey on consumers. One of the priorities of the Democratic Congress to address some of the consumer abuses that are visited upon credit card holders. Members of both the Senate and the House of Representatives have held or scheduled hearings on these issues. And no wonder, you miss a payment and the credit card companies collect a late fee and jack the interest up from 6% or 8% to over 30%. Most credit card companies raise your rates if you increase your debt on some other loan.

On January 25, 2007, the United States Senate Committee on Banking, Housing, and Urban Affairs, chaired by Senator Chris Dodd, held the first of a series of hearings examining the billing, marketing, and disclosure practices of the credit card industry and their impact on consumers. During the hearing, Senator Dodd indicated that if the industry does not improve its practices on its own, legislation may be needed.

Practices being examined include:

1. Sudden-interest rate spikes

2. Unilateral changes in terms

3. Increasing penalty rates and fees

4. Unintelligible terms in fine print

5. Unfair, deceptive, and predatory practices and terms

6. Mandatory arbitration clauses affecting consumers’ abilities to bring legal suits

7. Disclosures as to how long it will take to pay off debt with minimum monthly payments

The Committee is expected to have several more hearings in the coming months, during which it will hear testimony from consumer protection attorneys and their clients.

If you have been the victim of unfair credit card company practices, Green Welling LLP is interested in hearing your story as you may qualify as a potential witness. Please contact us for more information.

For an audio file of the hearing, click here.