Woman with face in hands Jul 19

Emotional Distress

Corporations and other businesses often do not think about the emotional distress they visit upon individuals when they rip off or mistreat them.  Because unscrupulous businesses do not view their customers as human beings, but as faceless sources of profit, they often do not believe the extent of distress they can cause.  But in some […]

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solar panels on house Jun 18

Solar Fraud in New Mexico

Whenever there is a new product to sell, the market for that product will remain unregulated for some time, and during that time that new market will be flooded with predators.  Con men.  People who spend their lives defrauding others.  These con men set up companies designed to avoid detection and prosecution.  Often these companies […]

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money on envelope Jun 18

New Mexico Passes a Law Eliminating the Worst of the Worst Predatory Loans

Effective January 1, 2018, lenders in New Mexico cannot charge more than 175 percent APR with any small loan, including title loans.  Although this rate is still far from a fair rate, this new law makes illegal the worst of the worst loans.  Some lenders in New Mexico had been lending at 500 + percent […]

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Foreclosure Notice and judge gavel Mar 29

Wrongful Foreclosures On The Rise

Treinen Law Office PC has noticed an alarming trend in the mortgage-service industry, a trend that causes stress, frustration and crisis in families and rattles the trust that we as consumers give so freely to financial institutions. Throughout New Mexico, mortgage servicers sometimes incorrectly account for borrowers’ payments, causing the servicer to foreclose on the […]

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Credit Report, History and Score Text Image Mar 29

Part III – Why Credit Reporting Agencies And Creditors Often Get It Wrong

The Fair Credit Reporting Act (FCRA) requires credit reporting agencies (CRAs) and the businesses that report to these CRAs to conduct an investigation if a consumer disputes something on his or her credit report. Under the law, the investigation must be a reasonable investigation. Problems arise because the investigations are often cursory. Even more significantly, […]

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Credit Report, History and Score Text Image Mar 29

Part II – Disputing Your Credit Report

In Part I of our blog series on the FCRA (see the blog post immediately below), we discussed the importance of credit reports and detailed how to go about receiving a free credit report from each of “The Big 3” consumer reporting agencies (CRAs): Experian, Equifax and TransUnion. In Part II, we are going to […]

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Credit Report, History and Score Text Image Mar 29

Part I – Intro Into The Fair Reporting Credit Act (FRCA): The Importance Of Keeping Tabs On Your Credit

These days your credit score is absolutely essential to obtain the money you need to finance life’s necessities: a car, a home, a credit card, a personal or business loan, etc. Sometimes a person’s job even depends on their credit score. Credit scores are primarily based on your credit report, and the credit report or […]

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Cartoon Man Climbing on legal documents towards Justice Scale Mar 29

New Mexico Will Not Enforce One-Sided Arbitration Agreements

Arbitration agreements in contracts today have become ubiquitous. It’s difficult to find a contract that doesn’t have one: cell phone agreements, credit cards, car sales, you name it. Most consumers don’t even realize that they’ve agreed to arbitration when they sign a contract or simply do business with a company. Even if the consumer realizes […]

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Cartoon Man Climbing on legal documents towards Justice Scale Mar 29

New York Times Three-Part Series on Arbitration: Beware Of The Fine Print

Check out this fascinating three-part series recently released by the New York Times on the effects of arbitration on our nation’s justice system: Part I Part II Part III [back]

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Foreclosure Notice and judge gavel Mar 29

New Mexico Court of Appeals Holds Bank Accountable For Ripping Off Borrowers

In Dollens v. Wells Fargo Bank, the New Mexico Court of Appeals held that banks and other mortgage servicers will not be allowed to get away with treating consumers unfairly. The Court held that banks and servicers can be subject to punitive damages when they fail to apply payments as required or assess bogus charges […]

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