Treinen Law Office, PC

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 […]

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 […]

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, […]

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 […]

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 […]

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 […]

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]

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 […]

Treinen Law Office has lots of experience handling lawsuits against New Mexico car dealers, with our attorneys having handled over 200 such lawsuits in the last twenty years. Over the years, we have gained vast experience with the tricks and traps commonly used by unscrupulous dealers. Our attorneys have represented consumers against more than 50 […]

Did you know that employers and insurance companies are more and more looking at your credit report before deciding whether to hire you or provide you insurance?  Credit reporting continues to expand into areas that surprise most people.  This trend, of course, makes it all the more important that your credit report be free of […]