Debtor/Creditor Law in Iowa

Debtor/creditor law involves a wide variety of debt problems, including unfair debt collection, repossession, foreclosures, fair credit reporting and consumer fraud. For example, Nancy L. Thompson Law Office PC represents Iowans facing unfair debt collection problems with creditors or debt collectors. We sue debt collectors and creditors that harass debtors, bring lawsuits on behalf of consumers who have problems with mistaken credit reports or have been the victim of consumer fraud. We file these cases on a contingency basis where the client pays no fees but we share in any recovery from the defendant.

According to the National Consumer Law Center below are some widespread but often overlooked consumer law violations. If you think anything on this list applies to you please contact the Thompson Law Office at melissaatthompsonlaw@gmail.com.

• Entities foreclosing on mortgages lack standing or do not comply with HAMP mortgage modification requirements.
• Robo-signing and bogus affidavits infect foreclosures and credit card collection lawsuits.
• Subprime loans that are unaffordable, fail to include an escrow account, or contain prepayment penalties and may lead to statutory damages plus all finance changes and fees paid, plus attorney fees.
• Employers pull consumer reports but do not send required notices.
• Voice mail not revealing that the caller is a collector can result in $1000 statutory damages and attorney fees.
• Document fees,GAP or other overpriced auto add-ons are slipped n without permission or through deception.
• Second mortgages can be rescinded where married homeowners are not given four copies of a TIL rescission notice to keep.
• Truth In Lending Act requires mortgage servicers to properly credit payments and provide a requested payoff statement or mortgage holder's identity. Mortgage brokers can no longer encourage appraisers to misrepresent home values.
• Debt buyers bring collection lawsuits outside the applicable statute of limitations.
• Auto lenders trip up on unique state law repossession rules not found in the standard Uniform Commercial Code.
• Millions of cars are sold each year with undisclosed prior wreck damage.