Company preys on military with predatory lending scheme

On behalf of The Rollins Law Firm posted in Debt Relief on Friday, August 1, 2014.

Approximately 17,000 consumers were victims of a predatory lending scam run by a company known as "Rome financing." The company focused primarily on military personnel, operating many of its scams at kiosks in malls near military bases. Consumers would apply for loans to help fund purchases for computers, televisions, game consoles and other similar items. If approved, the consumer would often face steep finance charges that were not fully disclosed in the application.

This lack of disclosure coupled with deceptive and abusive collection methods for debt that wasn't even owed led the Consumer Financial Protection Bureau along with 13 state attorneys general to obtain $92 million in debt relief from the company, according to a recent report by the Department of Defense News.

This scam is just one of many that can lead to financial problems for Americans across the country. In some cases, debt can become so unmanageable that consumers may be tempted by debt consolidation scams. These scams can further compound the issue and leave you with even more financial problems.

Those who are struggling financially should take a moment to realize that they are not alone. Debt plagues many Americans, and solutions are available. For some, bankruptcy can offer a fresh financial start. Before deciding to move forward with an application for relief through bankruptcy, it is wise to seek the counsel of a debt relief attorney. This legal professional will review your situation and help you to make a decision that increases your odds a better financial future.

Source: U.S. Department of Defense, "Bureau Gets Service Members Debt Relief From Predatory Lender," July 29, 2014

Client Reviews
★★★★★
I had a wonderful experience. The staff were nice and very informative. The process was quick and easy. Very affordable for me being a single parent. Would recommend anyone there. - Lashay H.
★★★★★
The Rollins firm assisted me at a very low point in my life. After having a lot of medical issues and expenses, I found myself unable to make ends meet. Mr. Rollings and his staff worked very promptly to help. They made the process so easy to complete. - Vinester Smith.
★★★★★
Fast response and professional advice. Really great to work with and understand what a difficult time in one’s life this is. Will recommend to anyone - Bryan Aust.
★★★★★
My wife and I were in an impossible financial situation where over time, we had built up so much debt that we could no longer keep up with all the payments. We were getting further and further behind until we reached out to the Rollins Law Firm for help. They have the knowledge and expertise through their experience to handle our particular situation. Their entire team of professionals are always available to answer questions, explain your options, and then provide the legal service that you need to relieve your financial worries and get you back on the right track! I recommend the Rollins Law Firm to anyone who needs help to deal with financial struggles. - Mike Zegelien.