Should You Litigate Against Your Bank?

No one ever wants to go to court. It’s time-consuming, expensive, and stressful. But sometimes, you have no choice. If you’ve been wronged by your bank, you may be wondering if litigation is the right move for you. And this is the situation where you need an experienced litigation attorney such as Jeremy Schulman. Here’s what you need to know.

What Is Litigation?

Litigation is a legal process whereby parties in a dispute present their cases to a neutral third party (usually a judge or jury) for resolution. It’s important to understand that litigation is not the same thing as going to trial; in fact, most cases are resolved long before a trial ever takes place.

Why Would I Want To Litigate Against My Bank?

There are many reasons why someone might choose to litigate against their bank. Perhaps the bank has engaged in unfair or deceptive practices, such as opening unauthorized accounts in your name or charging excessive fees. Or maybe the bank has failed to meet its obligations under the terms of your loan agreement. Whatever the reason, if you believe that your bank has wronged you, litigation may be the best way to get the relief you deserve.

What do You need to Know?

  • When it comes to litigating your bank, knowledge is power. The more you know about the process and the law, the better equipped you’ll be to make your case and get the outcome you deserve. Here are a few things you should keep in mind:
  • The first thing you need to know is that banks are regulated by state and federal laws. This means that if your bank has violated one of these laws, you may have a case is against them. Some common violations include unfair or deceptive practices, discrimination, and failure to properly disclose fees or terms of a loan.
  • You’ll also need to be aware of the statute of limitations for filing your claim. This varies from state to state, but generally speaking, you have between two and four years from the date of the violation to file a lawsuit.
  • Finally, remember that banks are big businesses with deep pockets and high-powered lawyers working for them—so don’t expect this to be an easy fight. But if you’re confident in your case and prepared to see it through, litigating against your bank could very well be worth your while.

How Do I Know if Litigation is Right for Me?

Only you can decide whether or not to litigate against your bank. However, it’s important to speak with an experienced attorney before making any decisions; they can help you understand the risks and benefits of litigation and assist you in making an informed decision about how to proceed.

The bottom line.

Nobody likes to go to court. It is time-consuming, costly, and frustrating. But sometimes, you have no choice but to litigate against your bank—especially if they’ve engaged in unfair or deceptive practices. Before making any decisions, be sure to speak with an experienced attorney who can help you understand the risks and benefits of litigation and assist you in making an informed decision about how best to proceed.