FAQs

Q: What is the MLA and how does it relate to my loans?

The Military Lending Act (MLA) protects active-duty service members, their spouses, and certain dependents from predatory lending practices by imposing a 36% Military Annual Percentage Rate (MAPR) cap on many types of credit and prohibiting certain terms like mandatory arbitration clauses.

Q: What is the SCRA and how can it protect me?

The Servicemembers Civil Relief Act (SCRA) is a federal law that provides numerous protections to active-duty military personnel, including capping interest rates on pre-service debts at 6% upon notification, allowing for the termination of leases under certain circumstances, and protecting against default judgments and foreclosures without court orders.

Q: Where can I file a complaint about a predatory lender on my own?

You can file complaints with the Texas Office of Consumer Credit Commissioner (OCCC) , the Texas Attorney General’s Consumer Protection Division , and the federal Consumer Financial Protection Bureau (CFPB) .

Q: Will contacting a lawyer make things worse with the lender?

In many cases, having legal representation can actually improve the situation. Lenders are often more willing to negotiate fairly when they know you have legal counsel. Your attorney will handle communications with the lender on your behalf, protecting you from further harassment.

Q: What should I bring to my initial consultation?

Please bring all relevant loan documents, payment history, and any communications you've had with the lender.

Q: How much does it cost to hire your firm to help with a predatory lending issue?

We offer confidential consultations to discuss your situation and explain our fee structure. In some cases, we may be able to represent you on a contingency fee basis, meaning you don't pay attorney's fees unless we recover money for you.