New Jersey Consumer Fraud Lawyers
Consumer Fraud and Unfair Trade Practices
When an unsuspecting consumer has been taken advantage of, misled, exploited or deceived by a product, service provider or corporation, it is an act of consumer fraud. Unfortunately, consumer fraud happens every day. From identity theft and stolen credit cards to lemon law cases, insurance fraud and mortgage foreclosure scams, violations of internet privacy, victims of consumer fraud can lose thousands of dollars, or even their entire life savings. Fortunately, consumers do not have to go down this road alone. New Jersey consumer fraud lawyers at Eichen Crutchlow Zaslow & McElroy stand up for clients who have been exploited and victimized.
While most states have enacted some kind of Consumer Fraud or Unfair Trade Practices Act, the New Jersey Consumer Fraud Act is known to provide some of the strongest protections in the country. Enacted in 1960 to “combat the increasingly widespread practice of defrauding the consumer,” it was modified in 1971 in order to allow private citizens to enforce its conditions. This also allowed law firms to file lawsuits on behalf of defrauded individuals. The three main objectives of the New Jersey Consumer Fraud Act are:
- Compensate victims for their loss
- Punish the seller and award treble damages (triple the amount of remedies)
- Attract legal counsel by providing an incentive to take a case with a minor loss to the individual
Common Types of Consumer Fraud
- Identity Theft: This occurs when someone steals your personal information like a credit card number, social security number or bank account number with the intention of committing fraud. Often, once the victim realizes what has happened, the damage is done. An act of consumer fraud can empty bank accounts, apply for loans, use credit cards and ultimately ruin a victim’s credit score. It is important to be vigilant about protecting yourself against identity theft.
- Credit Card Fraud: This is a billion dollar business, but credit card companies have introduced a way to improve security by using an EMV chip that creates a unique transaction code that cannot be duplicated. This makes it much more difficult for thieves to defraud merchants and consumers.
- Lemon Law Cases: When you purchase a car that needs constant repairs or simply does not work, this is an example of consumer fraud.
- Mortgage Foreclosure Scams: This happens when clients have been coerced into mortgage modification schemes and other foreclosure prevention scams
- Insurance Fraud: Insurance companies may say a claim is unwarranted or uncovered and will deny payment, particularly after a catastrophic event that would warrant a large sum of money.
- Investor Fraud: Some examples of investor fraud include unauthorized trading, misrepresentations and omissions, and recommending poor investments.
- Home Improvement Contractor Fraud: When a contractor does not do the work properly or fails to do the work at all and has been paid for the job, this is considered fraud.
Consumer Fraud and Class Actions Law Suits
Oftentimes, an individual will file a lawsuit on behalf of him or herself and a larger group of people who have been the victim of the same or similar fraud. A class action suit will pursue compensation for all the individuals who have been victimized and can involve a large number of people whose claims are all similar. Once the court certifies a class action, all the claims can be heard and ruled on in one trial.
New Jersey Consumer Protection Lawyers at Eichen Crutchlow Zaslow & McElroy, LLP Advocate for Victims of Consumer Fraud
If you have been exploited by the dishonest, fraudulent actions of another, you are urged to contact the skilled New Jersey consumer protection lawyers at Eichen Crutchlow Zaslow & McElroy, LLP. We have the experience and the knowledge to aggressively handle all types of consumer fraud cases. Our legal team works tirelessly to help protect the rights of our clients in consumer fraud cases to ensure there is proper compensation for suffered losses.
For a complimentary case review, call us at 1-732-777-0100 or contact us online. Our offices are conveniently located in Red Bank, Toms River, and Edison, New Jersey.