Be Aware of the Consumer Fraud Act while making a Purchase
Cheating the consumer is a very common practice in most parts of the world. Innocent consumers fell into the trap of greedy business men and suffer various types of losses. But, hardly any practice can continue forever.
As per the Changing Times
Every government in order to protect their poor citizens from this fraud has formulated a law, popularly known as the Consumer Fraud Act. This helps the consumer to lodge a complaint against that targeted business person, who has targeted him.
Some of the Cases, which are covered by this Act’s are as followed
- As the consumer purchases a product and after purchasing it found it not working as advertised, then it can be considered as a fraud cause.
- If the product is Defective
- Real Estate is a case of fraud
- If fake statements are used for noble causes
- Insurance company denying insurance coverage
In order to protect the consumer from these unto wards events and practices it is very much necessary to go for Consumer Protection Laws and seek the advice of the legal adviser, since it will help you to guide you to take action against that fraud person. It is generally to give consumer protection from any untoward eventualities.
The main aim of the Consumer Fraud Act is to provide the consumer with all types of protection and also to ensure every type of product safety. This is by providing the consumer with all round of protection from the hands of the possible cheaters. Another area, where help is required is when the consumer fails to repay back their loans in time. These types of consumers suffer harassment from debt collection agencies in order to repay back their loan. Consumers will seek protection from the Consumer Protection Laws in the occasion of severe financial crisis. Many people take undue pressure in repaying their loans.
Due to a number of reasons, consumer’s fails to repay back their loans due to severe financial crisis and some possible reasons of becoming net defaulters. The Consumer Fraud Act is to get the required protection of the authorities in getting the consumers some help in cash or kind. The Consumer is the king in a market economy and so he needs the most optimum protection. With the help of Consumer Protection Laws, they can seek protection and also seek federal assistance of getting some financial relief in repaying back their loans or in the problems of other types of purchases, if faced by any individual.
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